The Debt Recovery Tribunal allowed the applicant bank's application for recovery of approximately 33.33 lakh rupees with interest against the respondents, who were proceeded ex parte for failing to appear in response to the summons.
Recovery of ₹33,33,600.36 with interest and costs allowed; Recovery Certificate issued; Pending IAs disposed of.
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: 599 of 2023 Date of Institution: 23.03.2023 Date of Decision: 20.05.2026
Punjab National Bank having its branches all over India and a branch at Circle Sastra, Amritsar, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Manish Singla, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of ₹33,33,600.36p with interest @10.80% per annum with half-yearly rests from 23.03.2023
ORDER
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₹33,33,600.36p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application. 3. On 25.04.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 25.04.2024, they were proceeded ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Mohit, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-11. 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 ₹20.00Lacs and on 02.10.2022, a sum of ₹33,33,600.36p was due. 6. Accordingly, the application of the bank for the recovery of ₹33,33,600.36p (Rupees Thirty Three Lacs Thirty Three Thousand Six Hundred and Thirty Six Paise Only) with interest @10.80% per annum with half-yearly rests from 23.03.2023, 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 mortgaged land 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 24.06.2026, who is directed to distribute the sale proceeds of the mortgaged property(ies) and standing crops as per the provisions of Section 19(20-AB) of the Act .
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1 issue framed by the court
Whether the applicant bank is entitled to recovery of the loan amount and interest as claimed.
1 provisions across 1 enactments
Punjab National Bank
Smt. Ranjit Kaur w/o Ajit Singh
Sh. Jaspal Singh s/o Ajit Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
