The Debts Recovery Tribunal allowed an application filed by SBI for recovery of Rs. 27,68,790/- with interest against the defendant. The court found the bank proved it advanced the loan and the amount was due on 12.10.2022 despite the defendant not appearing.
Application for recovery of Rs. 27,68,790/- with interest on 13.70% per annum with yearly rests allowed.
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:44/2023 Date of Institution: 30.11.2022 Date of Decision: 15.01.2026 SBI having its branches all over India and a branch at Moga Road, Shahkot, District Jalandhar, Punjab. ……..Applicant Vs.
Karnail Singh s/o Sh. Lal Singh, r/o Village Yusafpur Darewal, P.O. Guddarpindi, Tehsil Shahkot, District Jalandhar, Punjab.
……….Defendant
Advocates
Sh. Gurinderjit Singh, Counsel for the applicant bank. Defendant- ex parte vide order dated 01.05.2024 . OA for the Recovery of Rs.27,68,790/- with interest @13.70% per annum with yearly rests from 30.11.2022.
ORDER
2
2 issues framed by the court
Whether the Debt Recovery Tribunal should allow the application for recovery of the outstanding loan amount with interest.
Whether evidence placed on record by the bank was sufficient to prove the loan advancement and demand.
1 provisions across 1 enactments
SBI
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
