DRT allowed Canara Bank's application for recovery of Rs.28,40,379 against a defendant who failed to repay Kisan Credit Card loans. The bank was granted interest at 8% per annum and authorized to enforce security via SARFAESI Act.
Allowed application; debt of Rs.28,40,379 recoverable with 8% simple interest from filing date via sale of mortgaged/debtor assets.
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.
DEBTS RECOVERY TRIBUNAL-III, CHANDIGARH
ORIGINAL APPLICATION NO.527/2025
PRESIDED OVER BY MRIDULESH KUMAR SINGH
DATE OF INSTITUTION: 21.04.2025
DATE OF DECISION: 23.06.2026
Canara Bank, having its Head Office at J.C. Road Banglore – 560002, Karnataka. Having Its Branch Office at Samana Disrict Patiala. Through Its Attorney Holder Sh. Ashish Barotia.
……..Applicant
Versus
Sh. Ranbeer Singh S/o Sh. Jarnail Singh, R/o Near Shiv Mandir, VPO Marori, Tehsil Samana, District Patiala.
……. .Defendant
Advocates:
Argued by Sh. Ankit Kaushal, Advocate proxy for Sh. Hemant Nanda, Advocate for the applicant
None for Defendant (Already ex-parte vide order dated 20.06.2026).
FINAL ORDER
2 OA NO.527/2025 CANARA BANK VS SH. RANBEER SINGH
cum Appraisal Form for Credit Facilities for Agricultural Loan dated 20.04.2023, which is Annexure A7 to this OA.
| 4. Defendant mortgaged his Immoveable Property i.e., |
|---|
| Total Land measuring 37K-18 ½M situated at Village Marori, Tehsil |
| Samana, District Patiala as per Jamabandi of the year 2016-2017 vide |
| Mortgaged Deed No. 689/1/A dated 20.12.2022 and Mortgage Deed |
| No. 103/1/A dated 25.05.2023 along mutation entry dated |
| 30.05.2023, which areAnnexures A6, A11 & A12to this OA. |
| Documents executed: Agreement and Deed of Hypothecation for |
| Kisan Credit Card, Memorandum of Agreement and Agricultural Loans, |
| both dated 10.01.2023, which areAnnexures A4 & A5to this OA; |
| Insurance Copy dated 12.02.2024, which isAnnexure A7to this OA; |
| Agreement and Deed of Hypothecation for Kisan Credit Card dated |
| 30.05.2023, which isAnnexure A10to this OA; Legal Notice dated |
| 05.02.2024, along postal receipt, which isAnnexure A13to this OA; |
| Statement of accounts along with certificates, which areAnnexures |
| A14 to A16to this OA. |
| 5. The loan accounts became irregular and were classified as NPA |
| and after adjusting debit and credit entries in loan accounts, there was |
| a debit of Rs.28,40,379.00, which is recoverable and the defendant |
| was served recall notices but he did not repay the outstanding amount, |
| therefore, the applicant requested to accept the application and to |
| issue Recovery Certificate accordingly. |
3 OA NO.527/2025 CANARA BANK VS SH. RANBEER SINGH
From the perusal of all the Annexures A1 to A16 to this OA, it is proved that the defendant approached applicant for availing of the loan facilities, which were granted to him and for that he had executed all the relevant documents in favour of the bank. The defendant failed to pay back the loans as per terms and conditions of the agreement between the parties. Subsequently, loan accounts were classified as NPA. From the documentary evidence brought on record, it is proved that applicant is entitled to recover a sum of Rs.28,40,379.00 (Rupees Twenty Eight Lacs Forty Thousand Three Hundred and Seventy Nine Only), along with interest from the defendant, from the date of filing of the present Original Application till realization of the amount.
The Tribunal is of the considered opinion that sometimes in appropriate cases the prerogative of mercy is the brightest jewel in the crown of the Judge. Keeping in view the facts and circumstances of the instant case including nature of the mortgaged property, undertaking of the defendant, quantum of loans and prevalent market rates of interest which have gone drastically downhill in yester years, while exercising the discretion vested in this Tribunal, this Tribunal deems it just and appropriate to grant simple interest @08.00%p.a. in the loan
4 OA NO.527/2025 CANARA BANK VS SH. RANBEER SINGH
accounts from the date of filing of the OA till realization of the amount ordered vide this final order. It is ordered accordingly.
12. Any other application pending stands disposed of.
Pronounced by me in the open Tribunal .
Dated: 23.06.2026
(MRIDULESH KUMAR SINGH)
Presiding Officer, DRT-III, Chandigarh
2 issues framed by the court
Whether the bank's claim for recovery of NPA loans was substantiated by evidence.
Whether the rate of interest claimed should be modified by the Tribunal.
2 provisions across 2 enactments
Canara Bank
Mridulesh Kumar Singh
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
Mridulesh Kumar Singh
Parties & counsel
