Allowed

State Bank of India v. M/S Inderjit Singh

DRT28 Aug 2026OA/557/2023

Case brief

AI extract

What is this about?

served default judgment allowing the applicant bank's application for recovery of dues under the RDB Act. The court confirmed the loan advance and outstanding amount, permitting recovery from hypothecated assets and personal property of the respondents.

What did the court decide?

The application for recovery of Rs.35,50,466/- with interest is allowed. A Recovery Certificate is to be issued.

State Bank of India versus M/S Inderjit Singh — Cheque Dishonour | 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: 557 of 2023 Date of Institution: 29.03.2023 Date of Decision: 28.08.2026

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SBI having its branches all over India and a branch at ADB Paonta Sahib, Tehsil Paonta Sahib, District Sirmour, Himahca Pradesh.

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……..Applicant

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Vs.

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M/s Inderjit Singh Near Baweja Petrol Pump, Kedarpur, Paonta Sahib, District Sirmour, Himachal Pradesh thorugh its proprietor Inderjit Singh.

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Inderjit Singh s/o Meharban Singh r/o Near Walia Petrol Pump, Paonta Sahib, Tehsil Paonta Sahib, District Sirmour, Himachal Pradesh.

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……….Defendants

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Advocates

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Sh. Sunil Salhotra proxy counsel for Sh. Gurinderjit Singh, Counsel for the applicant bank.

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Defendants - ex parte .

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OA for the Recovery of Rs.35,50,466/- with interest @10.25% per annum with monthly rests from 29.03.2023.

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ORDER

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SBI (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of Rs.35,50,466/- with interest against M/s Inderjit Singh and another (defendants).

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Bank’s case is that on 20.07.2021, it had granted a loan of Rs.36.00Lacs to defendant no.1 through its proprietor Defendant no.2 in the form of C.C Limit under C.G.T.S.M.E. for business purpose. To secure the loan, Defendant no.1 had hypothecated assets (fully detailed in para No.3A of the application). The loan was chargeable to interest

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@10.25% per annum with monthly rests. On 09.03.2023, a sum of Rs.35,50,466/- was due from the defendants. Despite repeated requests,
defendants did not make the repayment. Hence, this application.
3. On 18.04.2023, summonses were sent to the defendants by
registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 18.02.2025, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Viverk Kumar, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-12.
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.36.00Lacs and on 09.03.2023, a sum of Rs.35,50,466/- was due.
6. Accordingly, the application of the bank for the recovery of
Rs.35,50,466/- (Rupees Thirty Five Lacs Fifty Thousand Four Hundred
Sixty Six Only) with interest @10.25% per annum with monthly rests
from 29.09.2023, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can
recover its dues by the sale of hypothecated assets fully detailed in para
No.3A of the application as well as from the personal movable and immovable property(ies) of the defendants.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on 29.09.2026.

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A Copy of this order along with Recovery Certificate be sent to the Recovery Officer as well as the parties. Pronounced in the open Court. (A S Narang) Dated: 28.08.2026 Presiding Officer DRT-1, Chandigarh

State Bank of India v. M/S Inderjit Singh

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S Inderjit Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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Parties & counsel

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