Allowed

State Bank of India v. Sh. Ashwani Kumarm

DRT27 Aug 2026OA/492/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application by State Bank of India for recovery of Rs. 20,25,022/- plus interest against a defaulting borrower, permitting recovery through sale of movable and immovable property via a recovery certificate.

What did the court decide?

Recovery of Rs. 20,25,022/ with interest by sale of defendant's personal movable and immovable property; Recovery Certificate issued.

State Bank of India versus Sh. Ashwani Kumarm — Company and Corporate | 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: 492/2025 Date of Institution: 20.03.2025 Date of Decision: 27.08.2026 SBI, AMCC Naura, VPO Naura, District Sirmour. …Applicant Vs. Sh. Ashwani Kumarm son of Daulat Ram, resident of VPO Sanora Giripul, Tehsil Rajgarh, District Sirmour (HP). ...Defendants

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Advocates

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Sh. Gurinderjit Singh, Counsel for the applicant bank. Defendants - ex parte. OA for the Recovery of Rs.20,25,022/- with interest @10.25% per annum with monthly rests from 20.03.2025.

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ORDER

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On 20.03.2025, SBI filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.20,25,022/- with interest against Sh. Ashwani Kumarm (defendant).

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Bank’s case is that on 02.04.2024, it had granted a Term Loan of Rs.18,05,000/- and a CC limit of Rs.95,000/- to the defendant for business purpose. It is pertinent to mention here that no collateral security or immoveable property is mortgaged as the loan is under CGTMSE Scheme. The loan was chargeable to interest @10.25% per annum with monthly rests. On 20.03.2025, a sum of Rs.20,25,022/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 02.04.2025, summons was sent to the defendant by registered post, which were duly served. However, defendant did not put in appearance. Vide order dated 29.10.2025, defendant was proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Mr. Prem Kumar, Manager, along with the loan and security documents. 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 a Term Loan of Rs.18,05,000/- and a CC limit of Rs.95,000/- and on 20.03.2025 a sum of Rs.20,25,022/- was due.

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Accordingly, the application of the Bank for the recovery of Rs.20,25,022/- (Rupees Twenty Lacs Twenty-Five Thousand and Twenty-Two Only) with interest @10.25% per annum with monthly rests from 20.03.2025, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of from the personal movable and immovable property(ies) of the defendant.

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7.	Pending IAs, if any, stand disposed of.
8.	Recovery Certificate be issued accordingly.
9.	Parties are directed to appear before Recovery Officer on
29.0	9.2026.
10.	A Copy of this order along with Recovery Certificate be sent to
the R	ecovery Officer as well as the parties.

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Pronounced in the open court.	(A S Narang)
Dated: 27.08.2026	Presiding Officer
	DRT-1, Chandigarh
HARSH

State Bank of India v. Sh. Ashwani Kumarm

Case brief

What is this about?

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State Bank of India v. Sh. Ashwani Kumarm

Case brief

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What did the court decide?

What the court decided

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