The DRT allowed the bank's application to recover ₹36,88,355 with interest, proving the loan advance and default, and directed property sale.
Recovery of ₹36,88,355/- with interest of 8.50% per annum; order for sale of mortgaged land and other properties.
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: 423/2023 Date of Institution: 14.02.2023 Date of Decision: 11.03.2026
Punjab National Bank having its branches all over India and a branch at Amritsar, Punjab. ……..Applicant
Vs.
Parminder Pal Singh s/o Sh. Tarlok Singh, r/o H.No.34, Village Lohgarh, Tehsil Batala, District Amritsar, Punjab. ……….Defendant
Advocates
Mr. Bharat Kawal proxy counsel for Sh. Kulbhushan Singh Manhas, Counsel for the applicant bank.
Defendant- ex parte vide order dated 17.05.2024 .
OA for the Recovery of ₹36,88,355/- with interest @8.50% per annum with yearly rests from 14.02.2023.
ORDER
2
1 issue framed by the court
Whether the debtor failed to repay the dues as acknowledged.
1 provisions across 1 enactments
Punjab National Bank
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
