Allowed

Punjab Gramin Bank v. Smt. Balwinder Kaur

DRT8 Sept 2026OA/1848/2024

Case brief

AI extract

What is this about?

A Debt Recovery Tribunal allowed an application filed by Punjab Gramin Bank under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993, for the recovery of a defaulted KCC loan amount of Rs. 41,04,713/- with interest from the borrower, Smt. Balwinder Kaur, who did not appear in the proceedings.

What did the court decide?

Recovery of Rs. 41,04,713/- with interest at 11.50% per annum from 24.10.2024 till payment; Recovery Certificate issued directed to be issued; Parties to appear on 09.10.2026.

Punjab Gramin Bank versus Smt. Balwinder Kaur — Contract and Commercial Disputes | 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: 1848/2024 Date of Institution: 24.10.2024 Date of Decision: 08.09.2026 Punjab Gramin Bank, B/u Magar Mudhian, Magar Mudhian, Halla Morh …Applicant Vs.

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Punjab Gramin Bank, B/u Magar Mudhian, Magar Mudhian, Halla Morh Tehsil and District Gurdaspur, Punjab.

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Smt. Balwinder Kaur wife of Sh. Piara Singh resident of Village Sandhu Chak, PO Gurdaspur, District Gurdaspur, Punjab. Pin code 143521.

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…Defendant

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Advocates

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Sh. Anup Prajapati, proxy Counsel for Sh. Manish Singla, Counsel for the Applicant Bank. Defendant – ex parte .

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OA for the Recovery of Rs.41,04,713/- with interest @11.50% per annum with yearly rests from 24.10.2024.

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ORDER

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On 24.10.2024, Punjab Gramin Bank filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.41,04,7131/- with interest against Smt. Balwinder Kaur(defendant).

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Bank’s case is that in the year 2014, it had granted a KCC limit of Rs.20 lacs to the defendant for agricultural purpose. To secure the limit, defendant had hypothecated assets and mortgaged her agricultural land (fully detailed in Exhibit A-4 and para No.5.vii of the application, respectively). The loan was chargeable to interest @11.50% per annum with yearly rests. The defendant had acknowledged his liability towards the debt on 17.05.2017, 17.10.2019 and 21.03.2022. On 24.12.2022, Bank had sent recall notice to the defendant. On 23.08.2024, a sum of Rs.41,04,713/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 10.12.2024, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 19.05.2025, she was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Rohit Kumar, Branch Manager, along with the loan and security documents. 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 a KCC limit of Rs.20 lacs and on 23.08.2024, a sum of Rs.41,04,713/- was due. 6. Accordingly, the application of the Bank for the recovery of Rs.41,04,713/- (Rupees Forty-One Lacs Four Thousand Seven Hundred and Thirteen Only) with interest @11.50% per annum with yearly rests from 24.10.2024, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of hypothecated assets and mortgaged land (fully detailed in Exhibit A-4 and para No.5.vii of the application, respectively) as well as from the personal movable and immovable property(ies) of the defendant. 7. Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 09.10.2026 . 10. 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: 08.09.2026 Presiding Officer DRT-1, Chandigarh

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HARSH

Punjab Gramin Bank v. Smt. Balwinder Kaur

Case brief

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Punjab Gramin Bank v. Smt. Balwinder Kaur

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