Allowed

State Bank of India v. Sh. Gurbaksh Singh

DRT8 Sept 2026OA/27/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal-I, Chandigarh, allowed an Original Application filed by the State Bank of India for the recovery of ₹37,54,166.91 with interest. The bank proved its case through loan documents and acknowledgment letters, establishing that the respondent had mortgaged land to secure a loan granted in 2017 and failed to repay. The respondent was ordered ex parte. The Tribunal directed the issuance of a Recovery Certificate.

What did the court decide?

Recovery of ₹37,54,166.91 with interest at 11.25% per annum from 25.11.2024; issuance of Recovery Certificate; sale of mortgaged land or attachment of personal property for recovery.

State Bank of India versus Sh. Gurbaksh Singh — Specific Performance | 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: 27/2025 Date of Institution: 25.11.2024 Date of Decision: 08.09.2026

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SBI having its branches all over India and a branch at Jalalabad (West), Distt Ferozepur, Punjab, also at Stressed Assets Recovery Branch, Administrative office at 3rd Floor, Fountain Chowk, Civil Lines, Ludhiana, Punjab.

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……..Applicant Vs.

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Sh. Gurbaksh Singh s/o Sh. Kashmir Singh, r/o Village Haddi Wala, Post office Jhari Wala, Tehsil Guruharsai Jalalabad (West), Distt Ferozepur, Punjab.

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……….Defendant

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Advocates

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Sh. Anil Sharma, Counsel for the applicant bank. Defendant- ex parte vide order dated 05.02.2026 . OA for the Recovery of ₹37,54,166.91p with interest @11.25% per annum with half-yearly rests from 25.11.2024.

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ORDER

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SBI has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹37,54,166.91p with interest against Sh. Gurbaksh Singh (defendant). 2. Bank’s case is that on 23.06.2017, it had granted K.C.C. Limit of ₹24.90 Lacs to defendant for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.5v of the application). The loan was chargeable to interest @11.25% per annum with half-yearly rests. Defendant had duly acknowledged his liability towards the debt on 29.05.2019, 03.05.2022 and 22.05.2024. On 26.11.2024, a sum of ₹37,54,166.91p was due from the defendant.

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Despite repeated requests, defendant did not make the repayment. Hence, this application.
3. On 16.01.2025, summons was sent to the defendant by registered
post, which was duly served. However, defendant did not put in
appearance. Vide order dated 05.02.2026, he was proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Chanchal Singh, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-8.
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
₹24.90 Lacs and on 26.11.2024, a sum of ₹37,54,166.91p was due.
6. Accordingly, the application of the bank for the recovery of
₹37,54,166.91p (Rupees Thirty Seven Lacs Fifty Four Thousand One
Hundred Sixty Six and Paise Ninety One Only) with interest @11.25%
per annum with half-yearly rests from 25.11.2024, 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.5v 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
09.10.2026.
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: 08.09.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Sh. Gurbaksh Singh

Case brief

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State Bank of India v. Sh. Gurbaksh Singh

Case brief

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