Canara Bank v. Mohar Singh
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by Canara Bank for recovery of a debt of ₹20,97,363.75 plus interest against borrowers and guarantees.
What did the court decide?
Recovery of ₹20,97,363.75 with interest at 13.35% per annum; issuance of Recovery Certificate; directions to Recovery Officer for sale of mortgaged property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1959/2024 Date of Institution: 10.12.2024 Date of Decision: 01.08.2026
Canara Bank having its branches all over India and a branch at Rampur Bushahr, Himachal Pradesh.
……..Applicant
Vs.
- Mohar Singh s/o Sh. Rukam Singh, r/o Ward No. 2, Badgai, Poshna, Tehsil Nirmand, District Kullu, Himachal Pradesh.
- Azad Patiyal s/o Sh. Gopal Singh, r/o VPO Dhar Gaura, Tehsil Rampur, District Shimla, Himachal Pradesh.
……….Defendants
Advocates
Sh. Sahil Khunger proxy counsel for Sh. Anirudh Gupta, Counsel for the applicant bank along with Sh. Panna Rinzin, Officer, Sh. Rahul Gupta, Manager Law and Sh. Tarsem Bhardwaj, Manager Law of the applicant bank.
Issues for consideration
2 issues framed by the court
Whether the applicant bank established its case for recovery of the loan amount and interest.
Whether the defendants were duly summoned and proceeded ex parte properly.
Parties & counsel
- applicant
Canara Bank
- respondent
Mohar Singh
- respondent
Azad Patiyal
Coram
Case details
As recorded by the court registry
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