Allowed

Indian Bank (Allahabad Bank) v. Rachpal Kaur @ Rashpal Kaur

DRT20 Mar 2026OA/253/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs. 35,64,932/- and interest under the RDB Act. The court issued a recovery certificate and directed the sale of mortgaged land and distribution of proceeds.

What did the court decide?

Recovery of Rs. 35,64,932/- with interest allowed; Recovery Certificate issued; Sale of mortgaged land directed.

Indian Bank (Allahabad Bank) versus Rachpal Kaur @ Rashpal Kaur — Banking and Recovery | 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: 253/2023

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Date of Institution: 10.01.2023 Date of Decision: 20.03.2026

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Indian Bank (erstwhile Allahabad Bank) having its branches all over India and a branch at Hariana, District Hoshiarpur, Punjab.

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……..Applicant

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Vs.

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Rachpal Kaur @Rashpal Kaur w/o Sh. Gurdiyal Singh, r/o H.No.102, Village Neela Naloa, P.O. Hariana, District Hoshiarpur, Punjab.

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Ranjit Kaur w/o Sh. Surjit Singh, r/o H.No.61, Atvarapur, Tehsil and District Hoshiarpur, Punjab.

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……….Defendants

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Advocates

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Ms. Manjari Joshi, Counsel for the applicant bank. Defendants - ex parte vide order dated 29.01.2024 .

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OA for the Recovery of ₹35,64,932/- with interest @7.30% per annum with yearly rests from 10.01.2023.

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ORDER

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Indian Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹35,64,932/- with interest against Smt. Rachpal Kaur @Rashpal Kaur and another (defendants).

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Bank’s case is that on 31.12.2013, it had granted a loan of ₹24.00Lacs to defendant No.1 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). Defendant No.2 stood as guarantor vide deed of guarantee dated 14.01.2014. The loan was chargeable to interest @7.30% per annum with yearly rests. Defendants had duly acknowledged their liability towards the debt on 26.02.2020.

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On 17.12.2022, a sum of ₹35,64,932/- 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. Pawan Kumar Sharma, Manager along with the loan and security documents and marked them as Exhibit A-1 to A-14.

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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 ₹24.00 Lacs and on 17.12.2022, a sum of ₹35,64,932/- was due. 6. Accordingly, the application of the bank for the recovery of ₹35,64,932/- (Rupees Thirty Five Lacs Sixty Four Thousand Nine Hundred Thirty Two Only) with interest @7.30% per annum with yearly rests from 10.01.2023, 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 29.04.2026, 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: 20.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Indian Bank (Allahabad Bank) v. Rachpal Kaur @ Rashpal Kaur

Case brief

What is this about?

What did the court decide?

Indian Bank (Allahabad Bank) v. Rachpal Kaur @ Rashpal Kaur

Case brief

What is this about?

What did the court decide?

What the court decided

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