Allowed

Punjab National Bank (United Bank of India) v. Shri Surjit Singh

DRT24 Mar 2026OA/368/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicants recovery application for ₹21,48,324/- with interest. The court found that the bank proved the loan advance and outstanding dues. The application was permitted, and the defendant was directed to appear before the Recovery Officer for distribution of sale proceeds from mortgaged land.

What did the court decide?

The application for recovery of ₹21,48,324/- with interest was allowed with costs. A Recovery Certificate was directed to be issued, and the defendant was ordered to appear before the Recovery Officer

Punjab National Bank (United Bank of India) versus… — Contract and Commercial Disputes | 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: 368/2025 Date of Institution: 03.03.2025 Date of Decision: 24.03.2026

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Punjab National Bank (erstwhile United Bank of India) having its branches all over India and a branch at Circle Sastra Centre, Ranjit Avenue, Amritsar, Punjab.

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……..Applicant Vs.

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Sh. Surjit Singh s/o Sh. Banta Singh, r/o Village Nangal Sohal, Tehsil Ajnala, District Amritsar, Punjab.

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……….Defendant

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Advocates

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Sh. Mohan Prasad proxy counsel for Sh. Pancham Sharma, Counsel for the applicant bank.

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Defendant- ex parte vide order dated 13.08.2025 .

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OA for the Recovery of ₹21,48,324/- with interest @11.50% per annum with half-yearly rests from 03.03.2025.

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ORDER

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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 ₹21,48,324/- with interest against Sh. Surjit Singh (defendant).

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Bank’s case is that on 12.03.2018, it had granted a loan of ₹17.00 Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.50% per annum with half-yearly rests. On 12.03.2024, a sum of ₹21,48,324/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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3. On 13.03.2025, summons was sent to the defendant by registered
post, which was duly served. However, defendant did not put in
appearance. Vide order dated 13.08.2025, he was proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Gurnam Singh, Senior 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 ₹17.00 Lacs and on 12.03.2024, a sum of ₹21,48,324/- was due.
6. Accordingly, the application of the bank for the recovery of
₹21,48,324/- (Rupees Twenty One Lacs Forty Eight Thousand Three
Hundred Twenty Four Only) with interest @11.50% per annum with
half-yearly rests from 03.03.2025, 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.3A 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
01.05.2026,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 party.
Pronounced in the open Court. (A S Narang) Dated: 24.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (United Bank of India) v. Shri Surjit Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (United Bank of India) v. Shri Surjit Singh

Case brief

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