Allowed

Punjab National Bank v. Balkar Singh (Since Deceased)

DRT19 Mar 2026OA/29/2023

Case brief

AI extract

What is this about?

Applicant bank filed an OA for recovery of ₹29,30,588/- plus interest against legal heirs of a deceased borrower. Being absent, respondents were proceeded ex parte. The Tribunal examined the evidence and allowed the recovery application.

What did the court decide?

Recovery of ₹29,30,588/- with interest allowed; Recovery Certificate issued; Sale proceeds from mortgaged land to be distributed.

Punjab National Bank versus Balkar Singh (Since Deceased) — Company and Corporate | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

¶2

BEFORE: A S NARANG, PRESIDING OFFICER

¶3

OA No: 29/2023 Date of Institution: 29.11.2022 Date of Decision: 19.03.2026

¶4

Punjab National Bank having its branches all over India and a branch at Aliwal, Tehsil Batala, District Gurdaspur, Punjab.

¶5

……..Applicant Vs.

¶6

Balkar Singh (since deceased) through Legal Heirs:-

¶7

i. Chanan Kaur (Wife) ii. Gurnam Singh (Son) iii. Satnam Singh (Son) iv. Narinder Singh (Son)

¶8

All r/o H.No.37, Basant Kot, P.O. Dhia, Tehsil Dera Baba Nanak, Gurdaspur, Punjab.

¶9

……….Defendants

¶10

Advocates

¶11

Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants - ex parte vide order dated 26.04.2024 .

¶12

OA for the Recovery of ₹29,30,588/- with interest @11.50% per annum with yearly rests from 29.11.2022.

¶13

ORDER

¶14

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 ₹29,30,588/- with interest against Sh. Balkar Singh (since deceased) and others (defendants).

¶15

Bank’s case is that on 24.06.2014, it had granted a loan of ₹15.00 Lacs to defendant i.e. Sh. Balkar Singh (since deceased now represented through his legal heirs) in the form of K.C.C Limit for agricultural purpose. To secure the loan, Deceased Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was

¶16

¶17

chargeable to interest @11.50% per annum with yearly rests. Defendants had duly acknowledged their liability towards the debt on 18.11.2016, 06.08.2019 and 02.08.2020. On 31.08.2022, a sum of ₹29,30,588/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

¶18

On 12.01.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 26.04.2024, they were proceeded ex parte .

¶19

In order to prove its case, the Bank has placed on record the affidavit of Sh. Gurpreet Singh, Authorized Officer along with the loan and security documents and marked them as Exhibit A-1 to A-11.

¶20

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 ₹15.00 Lacs and on 31.08.2022, a sum of ₹29,30,588/- was due.

¶21

Accordingly, the application of the bank for the recovery of ₹29,30,588/- (Rupees Twenty Nine Lacs Thirty Thousand Five Hundred Eighty Eight Only) with interest @11.50% per annum with yearly rests from 29.11.2022, till the date of payment is hereby allowed with costs. The liability of the legal heirs of Sh. Balkar Singh (since deceased) would be limited upto the extent of the property inherited by them from him. 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 movable and immovable property(ies) inherited by the legal heirs from Sh. Balkar Singh (since deceased).

¶22

Pending IAs, if any, stand disposed of.

¶23

Recovery Certificate be issued accordingly.

¶24

¶25

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 . 10. A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties.

¶26

Pronounced in the open Court. (A S Narang) Dated: 19.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank v. Balkar Singh (Since Deceased)

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Balkar Singh (Since Deceased)

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

Coram

Case details

Similar cases

Punjab National Bank versus Bhavna Wajekar

International Asset Reconstruction Compant Pvt. Ltd. versus Ms. Trimurti Construction Developers and Builders

Punjab National Bank versus Mrs. Kuljeet Singh

Smt Ritu Raj versus Punjab National Bank

Icici Bank Limited versus Mr Mohammad Razzaq Alam

Mundhra Comfoware versus West Bengal Gramin Bank