The Debts Recovery Tribunal allowed an application for recovery of ₹32,18,069.07p with interest against a mortgagor and guarantor who failed to appear. The court permitted recovery through mortgaged land and other properties.
Recovery of ₹32,18,069.07p with interest at 10.25% per annum; recovery certificate to be issued; parties directed to appear on 29.09.2026.
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: 625/2024 Date of Institution: 17.04.2024 Date of Decision: 28.08.2026
Bank of Baroda (erstwhile Dena Bank) having its branches all over India and a branch at 11, The Mall, Opp. Town Hall Ferozepur, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. Sunil Salhotra proxy counsel for Sh. Sumit Batra, Counsel for the applicant bank.
Defendants- ex parte vide order dated 10.03.2026 .
OA for the Recovery of ₹32,18,069.07p with interest @10.25% per annum with half-yearly rests from 17.04.2024.
ORDER
2
acknowledged their liability towards the debt on 12.08.2018, 26.10.2019 and 06.07.2022. On 31.03.2024, a sum of ₹32,18,069.07p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
2 issues framed by the court
Whether recovery of debt principal and interest against the mortgagor and guarantor is sustainable.
Whether the applicants were entitled to proceed ex parte in the absence of respondents.
1 provisions across 1 enactments
Bank of Baroda
Sh. Dharam Singh
Sh. Karaj Singh
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
