Allowed

Canara Bank v. Sukhwant Singh

DRT14 May 2026OA/199/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery of dues of approximately ₹29.91 Lakhs with interest. The court found the bank proved its case regarding the loan and mortgage. A Recovery Certificate was issued, and an order was passed for the future sale of mortgaged land.

What did the court decide?

Application for recovery of ₹29,91,651/- with interest allowed; Recovery Certificate issued; Recovery Officer directed to conduct sale.

Canara Bank versus Sukhwant 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: 199/2023 Date of Institution: 30.12.2022 Date of Decision: 14.05.2026

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Canara Bank having its branches all over India and a branch at Nakodar Road, Nurmahal, District Jalandhar, Punjab.

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……..Applicant

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Vs.

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Sukhwant Singh s/o Sh. Mukhtiar Singh, r/o Village Adraman, Tehsil Nakodar, District Jalandhar, Punjab.

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……….Defendant

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Advocates

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Sh. Munish Yadav, Counsel for the applicant bank. Defendant- ex parte vide order dated 05.08.2024 . OA for the Recovery of ₹29,91,651/- with interest @11.80% per annum with half-yearly rests from 30.12.2022.

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ORDER

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Canara Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹29,91,651/- with interest against Sh. Sukhwant Singh (defendant).

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Bank’s case is that on 20.06.2019, it had granted a loan of ₹21.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.80% per annum with half-yearly rests. On 12.12.2022, a sum of ₹29,91,651/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 10.02.2023, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 05.08.2024, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Ms. Nisha Nur, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-8. 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 ₹21.00 Lacs and on 12.12.2022, a sum of ₹29,91,651/- was due. 6. Accordingly, the application of the bank for the recovery of ₹29,91,651/- (Rupees Twenty Nine Lacs Ninety One Thousand Six Hundred Fifty One Only) with interest @11.80% per annum with halfyearly rests from 30.12.2022, 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 18.06.2026, 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 party. Pronounced in the open Court. (A S Narang) Dated: 14.05.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Canara Bank v. Sukhwant Singh

Case brief

What is this about?

What did the court decide?

Canara Bank v. Sukhwant Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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