Bank of India v. Ranjit Kaur
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Bank of India's application under Section 19 of the RDB Act for recovery of ₹34,45,00/- with interest. The court found the bank's case proved and ordered the issuance of a recovery certificate.
What did the court decide?
Allowed recovery of ₹34,45,00/- with interest and directed issuance of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 316/2023 Date of Institution: 27.01.2023 Date of Decision: 09.04.2026
Bank of India having its branches all over India and a branch at Chherharta, Amritsar, Punjab.
……..Applicant Vs.
- Smt. Ranjit Kaur w/o Sh. Darshan Singh,
- Sh. Darshan Singh s/o Sh. Piara Singh,
- Both r/o Village Bhalla Pind, Tehsil Ajnala, District Amritsar, Punjab.
- Sh. Jaswant Singh s/o Sh. Niranjan Singh, r/o Plot No.19, Khairabad, New Friend Avenue, Gurudwara Palah Sahib Road, Amritsar, Punjab.
- Sh. Satnam Singh s/o Sh. Piara Lal, r/o H.No.9, Gali no.3, Aman Avenue, Majitha Road, Amritsar, Punjab.
……….Defendants
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recover the outstanding dues of ₹34,45,00/- with interest under the RDB Act.
Whether the recovery certificate can be issued against the mortgaged property and hypothecated stocks.
Parties & counsel
- applicant
Bank of India
- respondent
Smt. Ranjit Kaur
- respondent
Sh. Darshan Singh
- respondent
Sh. Jaswant Singh
- respondent
Sh. Satnam Singh
Case details
As recorded by the court registry
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