Single judge of DRT-I, Chandigarh allowed the applicant bank's application under Section 19 RDB Act for recovery of loan dues. Bank proved term loan and overdraft availed by defendants. Dues allowed with interest, costs, and recovery certificate issuance.
Recovery of ₹31,95,158/ - with interest from 05.08.2022 till payment, costs, and issuance of Recovery Certificate.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1622/2022 Date of Institution: 05.08.2022 Date of Decision: 27.08.2026
Punjab National Bank having its branches all over India and a branch at Qadian, Tehsil Batala, Punjab.
……..Applicant Vs. 1. Ajay Kumar s/o Sh. Amritpal Seth 2. Rozy Seth w/o Sh. Ajay Kumar Seth Both r/o Ward No.9, Hindu Mohalla, P.O. Qadian, Tehsil Batala, Punjab.
……….Defendants
Advocates Sh. Bharat Kawal proxy counsel for Sh. K.H.S. Manhas, Counsel for the applicant bank. Defendants- ex parte vide order dated 23.01.2026 . OA for the Recovery of ₹31,95,158/- with interest from 05.08.2022.
ORDER
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requests, defendants did not make the repayment. Hence, this application.
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1 issue framed by the court
Whether the applicant bank is entitled to recovery of dues under Section 19 of the RDB Act proving advance of security and outstanding amount.
1 provisions across 1 enactments
Punjab National Bank
Ajay Kumar
Rozy Seth
A S Narang
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
