Debts Recovery Tribunal admitted the bank's OA seeking recovery of ₹44,41,406/- with interest against two defendants, allowing the application and directing a Recovery Officer to auction mortgaged land.
Recovery of ₹44,41,406/- with interest @9.80% per annum; Recovery Certificate issued; direction to sale mortgaged land.
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: 239/2023 Date of Institution: 09.01.2023 Date of Decision: 06.03.2026
Bank of India having its branches all over India and a branch at Sutlej Market Branch, Empire Estate, 14-Police Lines, Jalandhar, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Mr. Anil Malhotra, Counsel for the applicant bank. Defendants - ex parte vide order dated 11.09.2024 .
OA for the Recovery of ₹44,41,406/- with interest @9.80% per annum with half-yearly rests from 09.01.2023.
ORDER
2
repeated requests, defendants did not make the repayment. Hence, this application.
3
1 issue framed by the court
Whether the bank proved its case for the recovery of the outstanding loan amount of ₹44,41,406/- with interest?
2 provisions across 1 enactments
Bank of India
Sh. Satnam Singh
Sh. Bakshish Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
