DRT-1, Chandigarh allowed an application by Punjab National Bank for recovery of loan dues of approximately 30.22 lakhs with interest against the borrower and guarantor.
Application allowed; recovery of 30,21,951.83 with interest permitted; Recovery Certificate issued; joint and several liability imposed.
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.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1763/2023 Date of Institution: 26.09.2023 Date of Decision: 13.03.2026
Punjab National Bank having its branches all over India and a branch at Zira, Tehsil Zira, District Ferozepur, Punjab, and Circle SASTRA Moga, Tehsil and District Moga, Punjab.
……..Applicant
Vs.
Both r/o Village Botian Wala, Tehsil Zira, District Ferozepur, Punjab.
……….Defendants
Advocates
Sh. Aseem Kataria, Counsel for the applicant bank. Defendants - ex parte vide order dated 11.07.2024 .
OA for the Recovery of ₹30,21,951.83p with interest @10.25% per annum with half-yearly rests from 26.09.2023.
ORDER
2
1 issue framed by the court
Whether the petitioner bank has proved its case for recovery of dues secured by mortgage and guarantee.
2 provisions across 1 enactments
Punjab National Bank
Sh. Davinder Singh
Sh. Jaskaran Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
