Allowed

Punjab National Bank v. Baljinder Kaur

DRT15 Sept 2026OA/1567/2025

Case brief

AI extract

What is this about?

A bank established through affidavit and loan records that it had advanced an agricultural loan secured by mortgaged land and that ₹26,30,999 remained outstanding, together with interest. The Recovery Tribunal allowed the bank’s ex parte recovery application, permitted recovery through sale of the mortgaged land and attachment of the defendant’s movable and immovable property, and directed issuance of a recovery certificate.

What did the court decide?

Recovery of ₹26,30,999 with interest at 11.05% per annum and half-yearly rests from 22.08.2025 and costs was allowed through sale of the mortgaged land and from the defendant’s movable and immovable properties; a recovery certificate was directed to be issued.

Punjab National Bank versus Baljinder Kaur — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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BEFORE: A S NARANG, PRESIDING OFFICER

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OA No: 1567 of 2025 Date of Institution: 22.08.2025 Date of Decision: 15.09.2026

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Punjab National Bank having its branches all over India and a branch at Amritsar District Amritsar, Punjab.

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……..Applicant Vs.

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Baljinder Kaur W/o Sh. Prempal Singh R/o V.P.O Sangatpura Tehsil Ajnala District Amritsar, Punjab.

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……….Defendant

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Advocates

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Ms. Parvinder Kaur, Counsel for the applicant bank along with Mr. Sudhir Kumar, Senior Manager of the Applicant Bank. Defendant - ex parte .

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OA for the Recovery of ₹26,30,999/- with interest @11.05% per annum with half-yearly rests from 22.08.2025.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹26,30,999/-with interest against Baljinder Kaur (defendant).

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Bank’s case is that on 15.10.2016, it had granted K.C.C. Limit of ₹21.00Lacs to defendant for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.5.7 of the application). The loan was chargeable to interest @11.05% per annum with half-yearly rests. The defendant had acknowledged the liability towards the debt on 27.09.2019 and 24.08.2022. On 01.05.2025, a sum

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of ₹26,30,999/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application. 3. On 18.10.2025, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 22.07.2026, he proceeded was ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Pardeep Singh, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-8. 5. I have perused the evidence on the record. Mr. Sudhir Kumar, Senior Manager of the Applicant Bank is present along with the original documents which have been perused by me. The same have been returned to him after perusal. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹21.00Lacs and on 01.05.2025, a sum of ₹26,30,999/- was due. 6. Accordingly, the application of the bank for the recovery of ₹26,30,999/- (Rupees Twenty Six Lacs Thirty Thousand Nine Hundred Ninety Nine Only) with interest @11.05% per annum with half-yearly rests from 22.08.2025, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendant. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 16.10.2026.

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 15.09.2026 Presiding Officer DRT-1, Chandigarh

Punjab National Bank v. Baljinder Kaur

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Baljinder Kaur

Case brief

What is this about?

What did the court decide?

What the court decided

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