Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Sukhdev Singh Alias Sukha Singh

DRT22 Apr 2026OA/214/2024

Case brief

AI extract

What is this about?

This Order allowed an application for recovery of Rs. 35,22,519.56 along with interest against defaulting borrowers and guarantors, permitting sale of mortgaged land and issuance of a Recovery Certificate.

What did the court decide?

Application for recovery allowed; Recovery Certificate to be issued; Directions for distribution of sale proceeds through Recovery Officer.

Punjab National Bank (Oriental Bank of Commerce) versus… — Execution and Attachment | 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: 214/2024 Date of Institution: 20.08.2023 Date of Decision: 22.04.2026

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Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Shahkot, Distt. Jalandhar, Punjab.

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……..Applicant

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Vs.

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Sh. Sukhdev Singh Alias Sukha Singh S/o Darshan Singh, R/o Khurampur Patti, Malsian, Tehsil Shahkot, Distt. Jalandhar, Punjab.

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Baljit Kaur W/o Sukhdev Singh R/o Khurampur Patti, Malsian, Tehsil Shahkot, Distt. Jalandhar, Punjab.

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Gurmel Singh S/o Darshan Singh Village: Haripur Dhadda, Tehsil Nakodar, Distt. Jalandhar, Punjab.

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……….Defendants

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Advocates

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Sh. Iqbal Mohammed, Counsel for the applicant bank. Defendants - ex parte vide order dated 30.01.2025 .

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OA for the Recovery of Rs.35,22,519.56p with interest @9.25% per annum with half-yearly rests from 20.08.2023.

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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.35,22,519.56p with interest against Sh. Sukhdev Singh and others (defendants).

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Bank’s case is that on 06.07.2012, it had granted a loan of Rs.25.00 Lacs to defendant No.1 in the form of Oriental Green Card Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his agricultural land (fully detailed in para No.3A of the application). Defendant Nos.2 and 3 stood as guarantors vide guarantee

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agreements dated 10.07.2012 and 12.07.2012. The loan was chargeable to interest @9.25% per annum with half-yearly rests. Defendants had duly acknowledged their liability towards the debt on 15.10.2015, 26.06.2019 and 15.02.2020. On 10.07.2023, a sum of Rs.35,22,519.56p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 21.02.2024, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 30.01.2025, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Surender Kumar, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-19.

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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.25.00 Lacs and on 10.07.2023, a sum of Rs.35,22,519.56p was due.

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Accordingly, the application of the bank for the recovery of Rs.35,22,519.56p (Rupees Thirty Five Lacs Twenty Two Thousand Five Hundred Nineteen and Paise Fifty Nine Only) with interest @9.25% per annum with half-yearly rests from 20.08.2023, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. 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 defendants.

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Pending IAs, if any, stand disposed of.

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Recovery Certificate be issued accordingly.

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Parties are directed to appear before Recovery Officer on 26.05.2026, 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 parties.

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Pronounced in the open Court. (A S Narang) Dated: 22.04.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Sukhdev Singh Alias Sukha Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Sh. Sukhdev Singh Alias Sukha Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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Statutes considered

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