The Debts Recovery Tribunal allowed the applicant bank's application for recovery of Rs.34,74,958/- with interest against joint and several defendants who failed to appear, directing issuance of a recovery certificate.
Recovery of Rs.34,74,958/- with interest @7.60% per annum allowed; Recovery Certificate issued; Joint and several liability declared.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 659/2023 Date of Institution: 03.04.2023 Date of Decision: 06.02.2026
SBI having its branches all over India and a branch at Phul Town, Bathinda, Punjab.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Seerat Sharma proxy counsel for Sh. Pankaj Beri, Counsel for the applicant bank.
Defendants - ex parte vide order dated 08.11.2024 .
OA for the Recovery of Rs.34,74,958/- with interest @7.60% per annum with monthly rests from 03.04.2023.
ORDER
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rests. On 07.01.2023, a sum of Rs.34,74,958/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3
mortgaged property as per the provisions of Section 19(20-AB) of the Act . 10. 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: 06.02.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA
1 issue framed by the court
Whether the application for decreeing a decretal amount of Rs.34,74,958/- with interest under Section 19 of the RDB Act allowed.
2 provisions across 1 enactments
SBI having its branches all over India and a branch at Phul Town, Bathinda, Punjab
Sh. Ravesh Kumar s/o Sh. Naresh Kumar r/o Rampura Phul, District Bathinda, Punjab
Smt. Monika Garg w/o Sh. Ravesh Kumar r/o Rampura Phul, District Bathinda, Punjab
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
