Allowed

Punjab National Bank v. Harbhajan Singh

DRT3 Feb 2026OA/2118/2022

Case brief

AI extract

What is this about?

The DRT allowed the bank's application under Section 19 of the RDB Act for recovery of Rs.33.47 Lakhs with interest. The court dismissed the respondent's appearance as ex parte, proved the loan liability, and directed the issuance of a Recovery Certificate and order for sale of mortgaged land.

What did the court decide?

Recovery of Rs.33,47,541/- with interest @8.95% per annum allowed; Recovery Certificate issued; sale of mortgaged land directed.

Punjab National Bank versus Harbhajan Singh — Arbitration | 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: 2118/2022 Date of Institution: 04.11.2022 Date of Decision: 03.02.2026

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Punjab National Bank having its branches all over India and a branch at Talwandi Bharth, Punjab.

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……..Applicant Vs.

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Harbhajan Singh s/o Sh. Dhanna Singh, r/o Village Tarpai, Tehsil and District Amritsar, Punjab.

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……….Defendant

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Advocates

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Sh. Bharat Kawal proxy counsel for Sh. KBS Manhas, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 10.12.2024 .

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OA for the Recovery of Rs.33,47,541/- with interest @8.95% per annum with yearly rests from 04.11.2022.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.33,47,541/- with interest against Sh. Harbhajan Singh (defendant).

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Bank’s case is that on 28.09.2015, it had granted a loan of Rs.20.00 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 @8.95% per annum with yearly rests. Defendant had duly acknowledged his liability towards the debt on 31.07.2018,28.05.2021. On 08.09.2022, a sum of Rs.33,47,541/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 06.12.2022, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 10.12.2024, he was proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Avtar Chand, Senior Manager along with the loan and security documents and marked them as Exhibit A-1 to A-11. 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.20.00 Lacs and on 08.09.2022, a sum of Rs.33,47,541/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.33,47,541/- (Rupees Thirty Three Lacs Forty Seven Thousand Five Hundred Forty One Only) with interest @8.95% per annum with yearly rests from 04.11.2022, 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 11.03.2026, 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: 03.02.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank v. Harbhajan Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Harbhajan Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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