Allowed

Hdfc Bank v. Ranjit Singh

DRT8 Sept 2026OA/412/2024

Case brief

AI extract

What is this about?

In this ex parte order, the Debts Recovery Tribunal allowed an application filed by HDFC Bank Limited under Section 19 of the RDB Act for the recovery of a debt aggregating to ₹46,09,799/- with interest. The bank advanced ₹40.00 Lacs to three primary defendants for agricultural purposes, secured by mortgaged agricultural land, with three others standing as guarantors. Upon default and absence of respondents, the court accepted the submitted documentary evidence and granted relief for recovery from mortgaged and personal assets.

What did the court decide?

Recovery of ₹46,09,799/- with interest @11% per annum with half-yearly rests allowed. Recovery Certificate to be issued. Recovery from mortgaged land and personal movable/immovable properties of defendants declared.

Hdfc Bank versus Ranjit Singh — DRT (2026) — LawSathi Research

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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: 412/2024 Date of Institution: 16.12.2023 Date of Decision: 08.09.2026

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HDFC Bank Limited having its branches all over India and a branch at Ferozepur, District Ferozepur, Punjab.

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……..Applicant

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Vs.

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Ranjit Singh s/o Sh. Nihal Singh, r/o Village Shahdinwala, Tehsil Dastul Sahib, District Ferozepur, Punjab.

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Jaspreet Kaur w/o Sh. Gurnaam Singh, r/o Village Shahdinwala, Tehsil Dastul Sahib, District Ferozepur, Punjab.

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Arshdeep Singh s/o Sh. Gurnam Singh, r/o Village Shahdinwala, Tehsil Khuda Sahib, District Ferozepur, Punjab.

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Shahbhaj Singh s/o Sh. Mahinder Singh, r/o Village Shahdinwala, Tehsil Khuda Sahib, District Ferozepur, Punjab.

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Kashmir Singh s/o Sh. Nihal Singh, r/o Villages Shahdinwala, Tehsil Khuda Sahib, District Ferozepur, Punjab.

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Mahinder Kaur w/o Sh. Nihal Singh, r/o Village Shahdinwala, Tehsil Khuda Sahib, District Ferozepur, Punjab.

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……….Defendants

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Advocates

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Sh. Saurabh Bhardwaj, Counsel for the applicant bank along with Mr. Deepak Kumar, Legal Manager.

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Defendants- ex parte vide order dated 09.12.2025 .

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OA for the Recovery of ₹46,09,799/- with interest @11% per annum with half-yearly rests from 16.12.2023.

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ORDER

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HDFC Bank Limited has filed this application under Section 19 of

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the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹46,09,799/- with interest against Sh. Ranjit Singh and others (defendants).

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Bank’s case is that on 09.05.2019, it had granted C.C. Limit-I of ₹17.20 Lacs, C.C Limit-II of ₹14.80 Lacs and Demand Overdraft Limit of ₹8.00 Lacs under Farm Development Scheme, aggregating to ₹40.00 Lacs to defendant Nos.1 to 3 for agricultural purpose. To secure all the loan facilities, Defendant Nos.1 to 3 had mortgaged their agricultural land (fully detailed in para No.5v of the application). Defendant Nos.4 to 6 stood as guarantors for all the loan facilities vide various Guarantee Agreements dated 25.05.2019 and 17.05.2019. All the limits were chargeable to interest @11% per annum with half-yearly rests. On 02.11.2023, a sum of ₹46,09,799/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 26.03.2024, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 09.12.2025, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Dinesh Kumar, Deputy Manager along with the loan and security documents and marked them as Exhibit A-1 to A-13. 5. I have perused the evidence on the record. Mr. Deepak Kumar, Legal Manager is present along with the original documents which have been perused by me. The same have been returned to him after perusal. I am of the considered view that the Bank has proved its case that it had advanced the total loan of ₹40.00 Lacs and on 02.11.2023, a sum of ₹46,09,799/- (C.C. Limit-I - ₹23,76,546/-; C.C Limit-II - ₹17,18,751/and Demand Overdraft Limit - ₹5,14,502/-) was due. 6. Accordingly, the application of the bank for the recovery of ₹46,09,799/- (Rupees Forty Six Lacs Nine Thousand Seven Hundred

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Ninety Nine Only) with interest @11% per annum with half-yearly rests from 16.12.2023, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. 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 defendants.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are 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 parties. Pronounced in the open Court. (A S Narang) Dated: 08.09.2026 Presiding Officer DRT-1, Chandigarh

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MANOJ KALRA

Hdfc Bank v. Ranjit Singh

Case brief

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Hdfc Bank v. Ranjit Singh

Case brief

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