DRT allowed the bank's application for recovery of principal and interest. The court directed issuance of a recovery certificate and appearance before the Recovery Officer for distribution of sale proceeds.
Application allowed; Recovery Certificate to be issued; Recovery Officer to distribute sale proceeds of mortgaged land.
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: 472/2024 Date of Institution: 20.03.2024 Date of Decision: 27.03.2026
SBI having its branches all over India and a branch at Manali, District Kullu, Himachal Pradesh.
……..Applicant
Vs.
Advocates
Sh. VK Sharma, Counsel for the applicant bank. Defendants - ex parte vide order dated 13.08.2025 .
OA for the Recovery of ₹30,68,533/- with interest @10.50% per annum with monthly rests from 20.03.2024.
ORDER
2
facilities vide guarantee agreement dated 20.10.2012. The loan was chargeable to interest @10.50% per annum with monthly rests. On 28.02.2024, a sum of ₹30,68,533/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
2 issues framed by the court
Whether the bank proved its case for recovery of dues from defendants.
Whether the applicants are entitled to joint and several recovery from mortgaged and personal properties.
2 provisions across 1 enactments
SBI
Smt. Anjna Sharma
Sh. Pitambar Sharma
Sh. Ganesh Sharma
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
