The Debts Recovery Tribunal allowed the State Bank of India's Original Application for recovery of an NPA loan. The Court granted a Recovery Certificate and adjusted interest to 8% p.a. despite the application claiming 11.75%.
Recovery Certificate issued for Rs.22,67,543.00 plus 8% p.a. interest; enforcement via sale of mortgaged or personal assets.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ORIGINAL APPLICATION NO.169/2025
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 12.02.2025
DATE OF DECISION: 13.01.2026
State Bank of India, a body corporate constituted under The State Bank of India Act, 1955 having its Corporate Centre at Madame Cama Road, Nariman Point Mumbai and having branches all over India and one of its branches amongst other places at branch Behniwal, Distt. Mansa, Punjab through its Authorized Officer Sh. Gagandeep Singh, Manager.
……..Applicant
Versus
…….Defendants
Advocates:
Argued by Sh. Shubham Pabbi, Advocate proxy for Sh. Omkar Gupta, Advocate for the applicant
Defendants already ex-parte vide order dated 08.08.2025
FINAL ORDER
2
OA/169/2025 STATE BANK OF INDIA VS. GURDEV KAUR AND OTHERS
of the central Board in exercise of power conferred on it under regulation 76 & 77 of SBI General Regulations made by RBI in exercise of power conferred by Sub-Section 3 of Section 50 of SBI Act, with previous sanction of Central Government.
3 OA/169/2025 STATE BANK OF INDIA VS. GURDEV KAUR AND OTHERS
The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the mortgaged property/hypothecated assets, undertaking of the defendants, quantum of loan and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising the discretion vested in this Tribunal, this
4
OA/169/2025
STATE BANK OF INDIA VS. GURDEV KAUR AND OTHERS
Tribunal deems it just and appropriate to grant uniform simple interest @8.00%p.a. the loan account from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly.
12. Any other application pending stands disposed of.
Pronounced by me in the open Tribunal.
Dated: 13.01.2026.
(MRIDULESH KUMAR SINGH)
3 issues framed by the court
Whether the applicant was entitled to a Recovery Certificate for the outstanding loan amount.
Whether the Tribunal should exercise discretion to modify the claimed interest rate.
Whether the judgment against the defendants, who were absent, should be allowed.
2 provisions across 2 enactments
State Bank of India
Gurdev Kaur
Gurlal
Amritpal
Mridulesh Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
