Allowed

State Bank of India v. Sh. Jasvir Singh @Jasbir Singh

DRT12 Feb 2026OA/473/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application under Section 19 of the RDB Act, permitting the SBI to recover an outstanding debt of Rs. 26,53,758/- with interest from the defendant through the sale of mortgaged land and other properties.

What did the court decide?

Recovery of Rs. 26,53,758/- with interest allowed; Recovery Certificate issued; Defendant to appear before Recovery Officer.

State Bank of India versus Sh. Jasvir Singh… — Contract and Commercial Disputes | DRT (2026)

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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: 473/2022 Date of Institution: 07.03.2022 Date of Decision: 12.02.2026

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SBI having its branches all over India and a branch at Noormahal Road, Nakodar, District Jalandhar, Punjab.

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……..Applicant

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Vs.

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Sh. Jasvir Singh @Jasbir Singh s/o Sh. Gurdev Singh, r/o H.No.110, Village Lohgarh, Tehsil Nakodar, District Jalandhar, Punjab.

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……….Defendant

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Advocates

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Sh. R.K. Jindal, Counsel for the applicant bank. Defendant- ex parte vide order dated 28.03.2023 .

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OA for the Recovery of Rs.26,53,758/- with interest @10.60% per annum with half-yearly rests from 07.03.2022.

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ORDER

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SBI has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.26,53,758/- with interest against Sh. Jasvir Singh @Jasbir Singh (defendant).

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Bank’s case is that on 24.10.2013, it had granted a loan of Rs.20.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. The above mentioned K.C.C. Limit was renewed from time to time and was lastly renewed on 22.08.2016, for Rs.20.00 Lacs. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @10.60% per annum with half-yearly rests. The defendant had duly acknowledged his liability towards the debt on 22.08.2016 & 25.05.2018 & 20.11.2019. On 15.02.2022, a sum of Rs.26,53,758/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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3. On 25.03.2022, summons was sent to the defendant by registered
post, which was duly served. However, defendant did not put in
appearance. Vide order dated 28.03.2023, he was proceeded_ex parte_.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Navnath Mehetre, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-15.
5. I have perused the evidence on the record. I am of the considered
view that the Bank has proved its case that it had advanced the loan of Rs.20.00 Lacs and on 15.02.2022, a sum of Rs.26,53,758/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.26,53,758/- (Rupees Twenty Six Lacs Fifty Three Thousand Seven Hundred Fifty Eight Only) with interest @10.60% per annum with half- yearly rests from 07.03.2022, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged land fully
detailed in para No.3A of the application as well as from the personal movable and immovable property(ies) of the defendant.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Party is directed to appear before Recovery Officer on
23.03.2026,who is directed to distribute the sale proceeds of the
mortgaged land and standing crops as per the provisions of Section
19(20-AB) of the Act.
10. A Copy of this order along with Recovery Certificate be sent to
the Recovery Officer as well as the party.
Pronounced in the open Court. (A S Narang) Dated: 12.02.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

State Bank of India v. Sh. Jasvir Singh @Jasbir Singh

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sh. Jasvir Singh @Jasbir Singh

Case brief

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What did the court decide?

What the court decided

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