Allowed

Punjab National Bank v. Puran Kaur

DRT8 May 2026OA/1634/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Bank's application under Section 19 of the RDB Act for recovery of ₹21,81,437.35p with interest. The Bank proved the loan advance and outstanding dues. The Tribunal declared the liability joint and several and authorized recovery via sale of mortgaged land.

What did the court decide?

Recovery of ₹21,81,437.35p with interest @12.25% per annum; issuance of Recovery Certificate; direction to Recovery Officer for sale of mortgaged land.

Punjab National Bank versus Puran Kaur — Contract and Commercial Disputes | 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: 1634/2023 Date of Institution: 08.09.2023 Date of Decision: 08.05.2026 Punjab National Bank having its branches all over India and a branch at Talwandi Bharath, Tehsil Batala, Distt, Gurdaspur, Punjab. ……..Applicant Vs. 1. Puran Kaur w/o Sh. Lakhwinder Singh, r/o Village Jaito Sarja, Tehsil Batala, District Gurdaspur, Punjab. 2. Narinder Kaur w/o Sh. Harwinder Singh, r/o Village Jaito Sarja, Tehsil Batala, District Gurdaspur, Punjab.

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Punjab National Bank having its branches all over India and a branch at Talwandi Bharath, Tehsil Batala, Distt, Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Sh. Paras Jagga, Counsel for the applicant bank. Defendants - ex parte vide order dated 23.07.2025 .

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OA for the Recovery of ₹21,81,437.35p with interest @12.25% per annum with yearly rests from 08.09.2023.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹21,81,437.35p with interest against Smt. Puran Kaur and another (defendants).

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Bank’s case is that on 06.10.2016, it had granted a loan of ₹15.00 Lacs to the defendants in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged her land (fully detailed in para No.3A of the application). The loan was chargeable to interest @12.25% per annum with yearly rests. Defendants had duly acknowledged their liability towards the debt on 01.10.2019 and 12.09.2022. On 31.03.2023, a sum of ₹21,81,437.35p was due from

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the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 06.10.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 23.07.2025, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Baljinder Singh, Manager 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. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹15.00 Lacs and on 31.03.2023, a sum of ₹21,81,437.35p was due.

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Accordingly, the application of the bank for the recovery of ₹21,81,437.35p (Rupees Twenty One Lacs Eighty One Thousand Four Hundred Thirty Seven and Paise Thirty Five Only) with interest @12.25% per annum with yearly rests from 08.09.2023, till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. 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 defendants.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 12.06.2026, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act .

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 08.05.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank v. Puran Kaur

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Puran Kaur

Case brief

What is this about?

What did the court decide?

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