This Tribunal allowed the applicant bank's application for recovery of a term loan along with interest from the defaulting borrower, directing issuance of a recovery certificate and sale of hypothecated vehicle.
Recovery of ₹27,26,939/- with interest allowed; Recovery certificate issued; Sale of hypothecated vehicle directed.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1754 of 2024 Date of Institution: 01.11.2024 Date of Decision: 27.04.2026
SBI having its branches all over India and a branch Kaluchak, Jammu.
……..Applicant Vs.
Mr. Javed Choudhary son of Sh. Lal Mohd. resident of Village Bari Smailpur Rakh Barai Bari Brahmana District Sambha, Jammu & Kashmir.
……….Defendant
Advocates
Sh. V.K. Sharma, Counsel for the applicant bank. Defendant - ex parte .
OA for the Recovery of ₹27,26,939/- with interest @12.40% per annum with monthly rests from 01.11.2024.
ORDER
2
1 issue framed by the court
Whether the bank proved its case for recovery of the loan amount with interest under Section 19 of the RDB Act.
1 provisions across 1 enactments
SBI
Mr. Javed Choudhary
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
