Allowed

Punjab National Bank v. Smt. Sarabjit Kaur

DRT30 Jan 2026OA/1960/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by Punjab National Bank for recovery of a loan amount of Rs. 23,29,216.64 with interest from the defendant who failed to appear despite service of summons, granting a recovery certificate and directing the sale of mortgaged property.

What did the court decide?

Recovery of Rs. 23,29,216.64 with interest granted; sale of mortgaged land and other properties directed; Recovery Certificate issued.

Punjab National Bank versus Smt. Sarabjit Kaur — 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: 1960 of 2024 Date of Institution: 05.12.2024 Date of Decision: 30.01.2026 Punjab National Bank having its branches all over India and a branch at SASTRA Circle, Near Kamal Sweets, Sailli Road, Pathankot, Punjab . ……..Applicant Vs. Smt. Sarabjit Kaur W/o Gurdial Singh, D/o Apar Singh R/o H. No. 346 Village Kathunangal Tehsil and District Amritsar, Punjab. 2nd address: Smt. Sarbjit Kaur W/o Sh. Gurdial Singh, D-863 D- Block Ranjit Avenue Amritsar. 3^rd Address: Smt. Sarbjit Kaur W/o Sh. Gurdial Singh H. No 12, GF HIG A-BLOCK- Ranjit Avenue Amritsar, Punjab.

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……….Defendant

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Advocates Sh. Abhay Gupta , Counsel for the applicant bank. Defendant - ex parte . OA for the Recovery of Rs.23,29,216.64p with interest @9.90% per annum with half-yearly rests from 05.12.2024. ORDER 1. Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.23,29,216.64p with interest against Smt. Sarabjit Kaur (defendant). 2. Bank’s case is that on 14.11.2018, it had granted a loan of Rs.20.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged her land (fully detailed in para No.3A of the application). The loan was chargeable to interest @9.90% per annum with half-yearly rests. The defendant had acknowledged the liability towards the debt on 18.02.2021 and

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09.12.2022. On 14.11.2023, a sum of Rs.23,29,216.64p was due from the
defendant. Despite repeated requests, defendant did not make the
repayment. Hence, this application. 3. On 07.01.2025, summons was sent to the defendant by registered
post, which was duly served. However, defendant did not put in
appearance. Vide order dated 09.07.2025, he proceeded was_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Mr. Baljinder Singh, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-14.
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
Rs.20.00Lacs and on 14.11.2023, a sum of Rs.23,29,216.64p was due.
6. Accordingly, the application of the bank for the recovery of
Rs.23,29,216.64p (Rupees Twenty Three Lacs Twenty Nine Thousand
Two Hundred and Sixteen and Sixty Four Paise Only) with interest
@9.90% per annum with half-yearly rests from 05.12.2024, till the date
of payment is hereby allowed with costs. 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 defendant.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Party is directed to appear before Recovery Officer on
06.03.2026,who is directed to distribute the sale proceeds of the
mortgaged property(ies) and standing crops as per the provisions of Section 19(20-AB) of the Act.

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the party. Pronounced in the open Court. (A S Narang) Dated: 30.01.2026 Presiding Officer DRT-1, Chandigarh Amanpreet (Law Researcher)

Punjab National Bank v. Smt. Sarabjit Kaur

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Smt. Sarabjit Kaur

Case brief

What is this about?

What did the court decide?

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