Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Smt. Jasbir Kaur

DRT17 Mar 2026OA/1649/2023

Case brief

AI extract

What is this about?

DRT allowed a bank applicant's Section 19 application for recovering ₹29.27L plus interest against a defendant who mortgaged land for a loan. The defendant was proceeded ex parte. The court directed sale of mortgaged property and issuance of a recovery certificate.

What did the court decide?

Recovery of ₹29,27,367.46p with interest allowed; Recovery Certificate issued; Sale of mortgaged land directed; Appearance on 24.04.2026 before Recovery Officer.

Punjab National Bank (Oriental Bank of Commerce) versus Smt… — Specific Performance | 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: 1649/2023 Date of Institution: 22.07.2023 Date of Decision: 17.03.2026

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Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Majitha, Amritsar, Punjab.

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……..Applicant Vs.

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Smt. Jasbir Kaur w/o Sh. Kashmir Singh, r/o Majitha, Near Radha Swami Dera, District Amritsar, Punjab.

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……….Defendant

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Advocates

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Sh. Lovish proxy counsel for Sh. Manish Singla, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 15.07.2025 . OA for the Recovery of ₹29,27,367.46p with interest @10.50% per annum with half-yearly rests from 22.07.2023.

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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 ₹29,27,367.46p with interest against Smt. Jasbir Kaur (defendant).

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Bank’s case is that on 27.11.2012, it had granted a loan of ₹25.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged her land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.50% per annum with half-yearly rests. Defendant had duly acknowledged her liability towards the debt on 07.11.2015, 03.03.2018 and 05.01.2021. On 31.03.2023, a sum of ₹29,27,367.46p was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 03.10.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 15.07.2025, she was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Shehbaz Singh, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-11. 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 ₹25.00Lacs and on 31.03.2023, a sum of ₹29,27,367.46p was due. 6. Accordingly, the application of the bank for the recovery of ₹29,27,367.46p (Rupees Twenty Nine Lacs Twenty Seven Thousand Three Hundred Sixty Seven and Paise Forty Six Only) with interest @10.50% per annum with half-yearly rests from 22.07.2023, 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.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Party is directed to appear before Recovery Officer on 24.04.2026, 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 . 10. 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: 17.03.2026 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Smt. Jasbir Kaur

Case brief

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Punjab National Bank (Oriental Bank of Commerce) v. Smt. Jasbir Kaur

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