The Debts Recovery Tribunal allowed an application by SBI for recovery of dues amounting to Rs.37,37,345.05p with interest against three defendants (husband and two wives) who failed to repay agricultural loans secured by mortgaged land.
Recovery of Rs.37,37,345.05p with interest, costs; sale of mortgaged property; issue of Recovery Certificate.
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: 1905 of 2022 Date of Institution: 08.09.2022 Date of Decision: 23.01.2026
SBI having its branches all over India and a branch at Bhagat Singh Chowk, Qadian, Tehsil Batala, District Gurdaspur, Punjab.
……..Applicant Vs.
……….Defendants
Advocates
Sh. Ajay Singla, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of Rs.37,37,345.05p with interest @9.50% per annum with half-yearly rests from 08.09.2022.
ORDER
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@9.50% per annum with half-yearly rests. The defendants had acknowledged the liability towards the debt on 14.07.2016, 01.07.2019 and 10.05.2022. On 02.08.2022, a sum of Rs.37,37,345.05p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
| 7. | Pending IAs, if any, stand disposed of. |
|---|---|
| 8. | Recovery Certificate be issued accordingly. |
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Pronounced in the open Court. (A S Narang) Dated: 23.01.2026 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)
1 issue framed by the court
Whether the bank successfully proved its case for the recovery of a loan amount with interest against the defendants.
1 provisions across 1 enactments
SBI
Kulwinder Singh
Jaspinder Kaur
Harbinder Kaur
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
