Allowed

Punjab National Bank (Oriental Bank of Commerce) v. Kheta Singh

DRT19 Mar 2026OA/609/2023

Case brief

AI extract

What is this about?

This order is a recovery application under Section 19 of the RDB Act. The DRT I, Chandigarh allowed the bank's application for recovery of an agricultural loan principal and interest, permitting sale of mortgaged land and joint recovery from defendant assets.

What did the court decide?

Recovery of ₹20,86,986.44p with interest allowed; Recovery Certificate issued; Parties directed to appear before Recovery Officer on 28.04.2026.

Punjab National Bank (Oriental Bank of Commerce) versus… — Execution and Attachment | 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: 609/2023 Date of Institution: 24.02.2023 Date of Decision: 19.03.2026

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Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch at Talwandi Sabo, Tehsil Talwandi Sabo, District Bathinda, Punjab.

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……..Applicant Vs. 1. Kheta Singh s/o Sh. Jagraj Singh, 2. Virinder Singh s/o Sh. Kheta Singh, Both r/o Village Bhagi Bandar, Laleana Road, Bahi Patti, Tehsil Talwandi Sabo, District Bathinda, Punjab. ……….Defendants Advocates Sh. Ankit Kaushal, Counsel for the applicant bank. Defendants - ex parte vide order dated 03.04.2024 . OA for the Recovery of ₹20,86,986.44p with interest @8.50% per annum with yearly rests from 24.02.2023.

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ORDER

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Punjab National Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹20,86,986.44p with interest against Sh. Kheta Singh and another (defendants). 2. Bank’s case is that on 29.12.2012, it had granted a loan of ₹15.00Lacs to defendants in the form of O.G.C. Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @8.50% per annum with yearly rests. Defendants had duly acknowledged their liability towards the debt on 26.11.2015, 02.08.2018 and 31.03.2020. On 15.02.2023, a sum of ₹20,86,986.44p

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was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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3. On 26.04.2023, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 03.04.2024, they were proceeded_ex_ parte.
4. In order to prove its case, the Bank has placed on record the
affidavit of Sh. Mahesh Kumar Yadav, Authorized Officer 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
₹15.00 Lacs and on 15.02.2023, a sum of ₹20,86,986.44p was due.
6. Accordingly, the application of the bank for the recovery of
₹20,86,986.44p (Rupees Twenty Lacs Eighty Six Thousand Nine
Hundred Eighty Six and Paise Forty Four Only) with interest @8.50%
per annum with yearly rests from 24.02.2023, till the date of payment is hereby allowed with costs. The liability of both 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
28.04.2026,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.

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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: 19.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab National Bank (Oriental Bank of Commerce) v. Kheta Singh

Case brief

What is this about?

What did the court decide?

Punjab National Bank (Oriental Bank of Commerce) v. Kheta Singh

Case brief

What is this about?

What did the court decide?

What the court decided

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