Idbi Bank v. Jaswant Singh
Case brief
What is this about?
The Tribunal allowed IDBI Bank's application under Section 19 of the RDB Act for recovery of Rs.25,11,464/- with interest against the borrowers and guarantor, who appeared ex parte. A Recovery Certificate was directed to be issued.
What did the court decide?
Recovery of Rs.25,11,464/- with interest at 12% p.a. from 11.10.2023 allowed; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 703/2024 Date of Institution: 11.10.2023 Date of Decision: 25.08.2026
IDBI Bank Limited, Beas Branch, Punjab.
…Applicant
Vs.
- Jaswant Singh S/o Garib Singh, R/o Village Jabbowal, the Baba Bakala, District Amritsar, Punjab.
- Gurbhej Singh S/o Jaswant Singh, R/o Village Jabbowal, the Baba Bakala, District Amritsar, Punjab.
- Sukhjinder Singh S/o Gurmej Singh, R/o Village Jabbowal the Baba Bakala, Distt. Amritsar – Punjab.
…Defendants
Advocates
Sh. Deepal Tamang proxy counsel for Sh. RS Badhran, Counsel for the Applicant Bank. Defendants – ex parte .
Issues for consideration
1 issue framed by the court
Whether the bank is entitled to recover the due amount of Rs.25,11,464/- from the borrowers and guarantor under Section 19 of the RDB Act.
Parties & counsel
- applicant
IDBI Bank Limited
- respondent
Jaswant Singh
- respondent
Gurbhej Singh
- respondent
Sukhjinder Singh
Coram
Case details
As recorded by the court registry
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