The Presiding Officer allowed the bank's application under Section 19 of the RDB Act for recovery of dues with interest, directed the issue of a recovery certificate, and ordered the sale of mortgaged property to satisfy the debt.
Allowed recovery of ₹27,20,477/- plus interest; issued Recovery Certificate; ordered sale of mortgaged property.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 202 of 2023 Date of Institution: 05.12.2022 Date of Decision: 23.04.2026
SBI having its branches all over India and a branch at Kot Fatuhi, Tehsil Garhshankar, District Hoshirapur, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Dipti Toni proxy counsel for Sh. Gagandeep Toni, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of ₹27,20,477/- with interest @10.60% per annum with half-yearly rests from 05.12.2022.
ORDER
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acknowledged the liability towards the debt on 15.03.2016, 14.02.2019 and 31.12.2021. On 11.09.2022, a sum of ₹27,20,477/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
mortgaged property(ies) and standing crops as per the provisions of Section 19(20-AB) of the Act .
(Law Researcher)
2 issues framed by the court
Whether the applicant bank has established a cause of action for recovery of the loan amount under the RDB Act.
Whether the recovery certificate and sale of mortgaged property are appropriate remedies.
1 provisions across 1 enactments
State Bank of India
Sh. Alam Hussain
Sh. Avtar Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
