The DRT allowed the applicant bank's application for recovery of Rs. 20,26,565/- comprising principal and interest against the deceased borrower and his legal representatives. The court directed recovery from mortgaged and hypothecated properties.
Recovery of Rs.20,26,565/- with interest 11.95% p.a. from 17.12.2022; issuance of Recovery Certificate.
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-II, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 7/2023
Date of Institution: 17.12.2022 Date of Decision: 19.01.2026
ICICI Bank at SCO No. 237-238, Sector 20, Panchkula, Haryana
……..Applicant
Vs.
Advocates
Sh. Sherry K Singla, Counsel for the applicant bank Defendants- ex parte
OA for the Recovery of Rs.20,26,565/- with interest @11.95% per annum with half-yearly rests from 17.12.2022.
ORDER
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Act) for the recovery of Rs.20,26,565/- with interest against Sh. Passi through LRs and Others (defendants).
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amount. The LRs of deceased Sh. Passi would be liable to pay the dues to the extent of property inherited by them from deceased Sh. Passi. Bank can recover its dues by the sale of mortgaged property(ies) fully detailed in para No.3(A) of the application as well as from the hypothecated/personal movable and immovable property(ies) of defendant No.1.
Pronounced in the open Court (A S Narang) Dated: 19.01.2026 Presiding Officer DRT-2, Chandigarh (Additional charge)
1 issue framed by the court
Whether the application for recovery of debt under Section 19 of the RDB Act is maintainable and proven by the applicant bank?
1 provisions across 1 enactments
ICICI Bank
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
