Allowed

Bank of India v. Sh. Dalip Singh @ Daleep Singh

DRT18 Feb 2026OA/1661/2023

Case brief

AI extract

What is this about?

DRT-I, Chandigarh allowed Bank of India's application for recovery of ₹25,24,634/- plus interest against mortgagor and guarantor. Debt acknowledged by defendants. Sale proceeds directed to be distributed by Recovery Officer per Section 19(20-AB) of the RDB Act. Stayed pending IAs.

What did the court decide?

Application allowed; recovery of ₹25,24,634/- with interest and costs granted; Recovery Certificate issued; parties to appear for distribution of sale proceeds of mortgaged property.

Bank of India versus Sh. Dalip Singh @ Daleep Singh — Banking and Recovery | 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: 1661 of 2023 Date of Institution: 14.08.2023 Date of Decision: 18.02.2026

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Bank of India having its branches all over India and a branch at Opposite Sanjeev Cinema, G.T. Road, Fazilka, Tehsil and District Fazilka, Punjab.

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……..Applicant

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Vs.

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Sh. Dalip Singh @ Daleep Singh Son of Sh Sher Singh resident of Viliage Ganjuana, Tehsil and District Fazilka, Punjab.

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Sh. Joginder Singh son of Sh Kashmir Singh resident of Village Shamshabad Tehsil and District Fazilka, Punjab.

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……….Defendants

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Advocates

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Ms. Seerat Sharma proxy counsel for Sh. Pankaj Beri, Counsel for the applicant bank. Defendants - ex parte .

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OA for the Recovery of ₹25,24,634/- with interest @12% per annum with half-yearly rests from 14.08.2023.

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ORDER

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Bank Of India (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹25,24,634/- with interest against Sh. Dalip Singh and another (defendants).

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Bank’s case is that on 24.08.2015, it had granted a loan of ₹3.00Lacs in the form of K.C.C. Limit and a loan of ₹6.00Lacs in the form of O.D. Limit to Defendant no.1 for agricultural purpose. To secure the loan, Defendant no.1 had mortgaged his land (fully detailed in para No.3A of the application). Defendant no.2 stood as the guarantor. The loans were chargeable to different rates of interest. The defendants had acknowledged the liability towards the debt on 04.09.20217 and

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24.08.2020. On 10.08.2023, a sum of ₹25,24,634/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 10.10.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 21.10.2024, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Prasad Dwarka, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-19.
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 total loan of ₹9.00Lacs and on 10.08.2023, a sum of ₹25,24,634/- was due.
6. Accordingly, the application of the bank for the recovery of
₹25,24,634/- (Rupees Twenty Five Lacs Twenty Four Thousand Six
Hundred and Thirty Four Only) with interest @12% per annum with half-yearly rests from 14.08.2023, till the date of payment is hereby allowed with costs. The liability of all 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.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on
30.03.2026,who is directed to distribute the sale proceeds of the
mortgaged property(ies) 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: 18.02.2026 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Bank of India v. Sh. Dalip Singh @ Daleep Singh

Case brief

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Bank of India v. Sh. Dalip Singh @ Daleep Singh

Case brief

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