The Debts Recovery Tribunal allowed the bank's application for recovery of Rs 23,24,755/- with interest against the defendant, directing sale of mortgaged land and issuance of a recovery certificate.
Recovery of Rs 23,24,755/- with interest allowed; Recovery Certificate issued; Directions to distribute sale proceeds of mortgaged land.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 1961/2022 Date of Institution: 16.09.2022 Date of Decision: 17.03.2026
SBI having its branches all over India and a branch at Phillaur (ADB), District Jalandhar, Punjab.
……..Applicant Vs.
Jarnail Singh s/o Sh. Bakshish Singh, r/o H.No.8, Village Bhar Singh Pura, Tehsil Phillaur, District Jalandhar, Punjab.
……….Defendant
Advocates Sh. Lovish proxy counsel for Sh. Gaurav Singla, Counsel for the applicant bank.
Defendant- ex parte vide order dated 05.09.2023 .
OA for the Recovery of ₹23,24,755/- with interest @11.75% per annum with half-yearly rests from 16.09.2022.
ORDER
2
1 issue framed by the court
Whether the applicant bank was entitled to recover the outstanding dues of Rs 23,24,755/- with interest against the defendant.
2 provisions across 1 enactments
SBI
Jarnail Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
