The Debts Recovery Tribunal allowed an application filed by Punjab National Bank for the recovery of ₹22,42,938.37 with interest against a defaulting borrower under Section 19 of the RDB Act, directing the sale of mortgaged and other properties.
Recovery of ₹22,42,938.37 with interest @11.50% per annum allowed; Recovery Certificate to be issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 368 of 2024 Date of Institution: 16.02.2024 Date of Decision: 28.08.2026
Punjab National Bank having its branches all over India and a branch at Sri Hargobindpur, Punjab.
……..Applicant
Vs.
Mr. Swaran Singh S/o Darshan Singh, R/o #1, Village Noorpur, Tehsil Batala, District Gurdaspur, Punjab.
……….Defendant
Advocates
Sh. Sunil Salhotra proxy counsel for Sh. Anirudh Gupta, Counsel for the applicant bank.
Defendant - ex parte .
OA for the Recovery of ₹22,42,938.37/- with interest @11.50% per annum with half-yearly rests from 16.02.2024.
ORDER
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10.05.2019, 30.01.2020, 04.04.2022, 25.01.2023 and 22.02.2023. On 30.09.2023, a sum of ₹22,42,938.37/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.
| 7. | Pending IAs, if any, stand disposed of. |
|---|---|
| 8. | Recovery Certificate be issued accordingly. |
| 9. | Party is directed to appear before Recovery Officer on |
| 29.0 | 9.2026. |
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2 issues framed by the court
Whether the application for recovery of outstanding loan amount with interest under Section 19 of the RDB Act is maintainable.
Whether the quantum of debt and accrued interest claimed by the bank is supported by the evidence.
1 provisions across 1 enactments
Punjab National Bank
Mr. Swaran Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
