Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Smt. Lakhwinder Kaur

DRT19 Mar 2026OA/246/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the application by Punjab National Bank for recovery of Rs.21.69 lakhs with interest against two respondents who mortgaged land as security. On finding the loan and mortgage proved via affidavit, the court issued a Recovery Certificate and directed the Recovery Officer to distribute sale proceeds.

What did the court decide?

Application allowed; recovery of Rs.21,69,570 with interest; Recovery Certificate issued; sale proceeds directed to be distributed by 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: 246/2023 Date of Institution: 16.01.2023 Date of Decision: 19.03.2026

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Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Hamidpur (E-OBC), Chherhata, District Amritsar, Punjab.

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……..Applicant Vs.

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Smt. Lakhwinder Kaur wd/o Sh. Darshan Singh 2. Sh. Sakattar Singh s/o Sh. Darshan Singh Both r/o Village Wadali Guru, Patti Chamblan Di, Chhehrata, District Amritsar, Punjab.

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……….Defendants

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Advocates

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Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants- ex parte vide order dated 29.01.2024 .

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OA for the Recovery of Rs.21,69,570/- with interest @9% per annum with half-yearly rests from 16.01.2023.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.21,69,570/- with interest against Smt. Lakhwinder Kaur and another (defendants).

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Bank’s case is that on 22.09.2011, it had granted a loan of Rs.15.00Lacs to defendants in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged her land (fully detailed in para No.3A of the application). The loan was chargeable to interest @9% per annum with half-yearly rests. The Defendants had acknowledged their liability towards the debt on 25.08.2014, 26.10.2016, 15.10.2019 and 30.06.2021. On 30.09.2022, a

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sum of Rs.21,69,570/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 16.02.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 29.01.2024, 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. Mohit Kumar, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-11.

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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.15.00 Lacs and on 30.09.2022, a sum of Rs.21,69,570/- was due. 6. Accordingly, the application of the bank for the recovery of Rs.21,69,570/- (Rupees Twenty One Lacs Sixty Nine Thousand Five Hundred Seventy Only) with interest @9% per annum with half-yearly rests from 16.01.2023, till the date of payment is hereby allowed with costs. The liability of both 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. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 28.04.2026, 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 .

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 19.03.2026 Presiding Officer DRT-1, Chandigarh

Punjab National Bank (Oriental Bank of Commerce) v. Smt. Lakhwinder Kaur

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Smt. Lakhwinder Kaur

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

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