Allowed

Idbi Bank v. Dalbir Kaur

DRT12 Mar 2026OA/718/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed IDBI Bank's application for recovery of ₹25,29,262/- plus interest against three respondents. The court accepted the Bank's affidavit evidence proving the loan advance and subsequent default, dismissing the proceedings as ex parte. A recovery certificate was issued directing the sale of mortgaged land and other properties.

What did the court decide?

Liability recovered through sale of mortgaged land and personal movable/immoveable property; Recovery Certificate issued.

Idbi Bank versus Dalbir Kaur — Banking and Recovery | 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: 718/2022 Date of Institution: 16.04.2022 Date of Decision: 12.03.2026

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IDBI Bank Limited having its branches all over India and a branch at Batala, District Gurdaspur, Punjab.

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……..Applicant

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Vs.

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Dalbir Kaur w/o Sh. Sukhwant Singh, r/o Village Bhoewal, P.O. Channanke, District Amritsar, Punjab.

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Gurbej Singh s/o Sh. Sukhwant Singh, r/o Village Bhoewal, P.O. Channanke, Tehsil Baba Bakala, District Amritsar, Punjab.

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Sukhwant Singh s/o Sh. Sadhu Singh, r/o Village Bhoewal, P.O. Channanke, Tehsil Baba Bakala, District Amritsar, Punjab.

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……….Defendants

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Advocates

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Sh. Deepak Tamang proxy counsel for Sh. R. S. Badhran, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 17.02.2025 .

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OA for the Recovery of ₹25,29,262/- with interest @10.70% per annum with half-yearly rests from 16.04.2022.

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ORDER

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IDBI Bank Limited has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹25,29,262/- with interest against Smt. Dalbir Kaur and others (defendants).

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Bank’s case is that on 04.01.2019, it had granted a loan of ₹20.00 Lacs to defendant Nos.1 and 2 in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant No.1 had mortgaged her land (fully detailed in para No.3A of the application). Defendant No.3 stood as guarantor. Defendant no.3 stood as the guarantor. The loan

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was chargeable to interest @10.70% per annum with half-yearly rests. Defendants had duly acknowledged their liability towards the debt on 10.12.2021. On 21.03.2022, a sum of ₹25,29,262/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 13.05.2022, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 17.02.2025, they were proceeded ex parte .

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In order to prove its case, the Bank has placed on record the affidavit of Sh. Varun Kapoor, Branch Manager along with the loan and security documents and marked them as Exhibit A-1 to A-15. 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 ₹20.00 Lacs and on 21.03.2022, a sum of ₹25,29,262/- was due.

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Accordingly, the application of the bank for the recovery of ₹25,29,262/- (Rupees Twenty Five Lacs Twenty Nine Thousand Two Hundred Sixty Two Only) with interest @10.70% per annum with halfyearly rests from 16.04.2022, 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.

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Pending IAs, if any, stand disposed of. 8. Recovery Certificate be issued accordingly. 9. Parties are directed to appear before Recovery Officer on 21.04.2026, who is directed to distribute the sale proceeds of the

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mortgaged land and standing crops 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: 12.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Idbi Bank v. Dalbir Kaur

Case brief

What is this about?

What did the court decide?

Idbi Bank v. Dalbir Kaur

Case brief

What is this about?

What did the court decide?

What the court decided

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