Uco Bank v. Roshan Lal
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant bank's application for recovery of a term loan of ₹57.00 Lacs advanced to the respondents. The court found the loan advanced and dues outstanding, directing sale of mortgaged property and issuance of a recovery certificate.
What did the court decide?
Allowed recovery of ₹64,73,798.45 plus interest; directed sale of mortgaged property and joint liability of defendants.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 461/2025 Date of Institution: 19.03.2025 Date of Decision: 06.05.2026
UCO Bank having its branches all over India and a branch at Sanjauli, Shimla, District Shimla, Himachal Pradesh.
……..Applicant
Vs.
- Roshan Lal s/o Sh. Alam Chauhan, r/o Village Dhartarpunu PO Chanair Up, Tehsil Deha, District Shimla, Himachal Pradesh.
- Pankaj Chauhan s/o Sh. Roshan Lal, r/o Village Dhartarpunu PO Chanair Up, Tehsil Deha, District Shimla, Himachal Pradesh.
……….Defendants
Advocates
Sh. Kaveesh, Counsel for the applicant bank. Defendants - ex parte vide order dated 27.08.2025 .
Issues for consideration
1 issue framed by the court
Whether the bank is entitled to recover the loan amount with interest under Section 19 of the RDB Act.
Parties & counsel
- applicant
UCO Bank
- respondent
Roshan Lal s/o Sh. Alam Chauhan
- respondent
Pankaj Chauhan s/o Sh. Roshan Lal
Coram
Case details
As recorded by the court registry
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