Allowed

Punjab National Bank v. Joginder Singh

DRT20 May 2026OA/1951/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the Punjab National Bank's application for recovery of ₹35,69,334/- with interest against Joginder Singh and another. The tribunal found that the defendants failed to appear and did not repay the agricultural loan secured by a mortgage. It granted a recovery certificate and directed the sale of mortgaged land.

What did the court decide?

Recovery of ₹35,69,334/- with interest; Recovery Certificate issued; Sale of mortgaged land and standing crops directed.

Punjab National Bank versus Joginder Singh — Banking and Recovery | 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: 1951/2023 Date of Institution: 27.11.2023 Date of Decision: 20.05.2026

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Punjab National Bank having its branches all over India and a branch at Dhianpur, Tehsil & District Gurdaspur, Punjab.

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……..Applicant Vs. 1. Joginder Singh s/o Sh. Puran Singh 2. Paramjit Kaur w/o Sh. Malkiat Singh Both r/o VPO Muridke, Tehsil Fatehgarh Churain, district Gurdaspur, Punjab.

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……….Defendants

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Advocates

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Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants- ex parte vide order dated 26.09.2024 .

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OA for the Recovery of ₹35,69,334/- with interest @11.60% per annum with yearly rests from 27.11.2023.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹35,69,334/- with interest against Sh. Joginder Singh and another (defendants).

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Bank’s case is that on 20.01.2016, it had granted a loan of ₹20.00 Lacs to the defendants in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.60% per annum with yearly rests. Defendants had duly acknowledged their liability towards the debt on 11.07.2018 and 06.07.2021. On 20.01.2023, a sum of ₹35,69,334/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 15.12.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.09.2024, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Rohit Kumar, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-10. 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 the loan of ₹20.00 Lacs and on 20.01.2023, a sum of ₹35,69,334/- was due. 6. Accordingly, the application of the bank for the recovery of ₹35,69,334/- (Rupees Thirty Five Lacs Sixty Nine Thousand Three Hundred Thirty Four Only) with interest @11.60% per annum with yearly rests from 27.11.2023, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can recover its dues by the sale of mortgaged land fully detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendants.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 24.06.2026, who is directed to distribute the sale proceeds of the mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act . 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: 20.05.2026 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Punjab National Bank v. Joginder Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Joginder Singh

Case brief

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