Allowed

Punjab National Bank v. Mr. Mohkam SI9NGH @ Mohakam Singh

DRT19 Aug 2026OA/82/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Chandigarh allowed an application filed by Punjab National Bank under Section 19 of the RDB Act for the recovery of ₹30,37,238.93 along with interest, directing a recovery certificate and appearance before the Recovery Officer.

What did the court decide?

Allowed recovery of ₹30,37,238.93 with interest; Recovery Certificate to be issued; Appearance before Recovery Officer on 09.02.2026.

Punjab National Bank versus Mr. Mohkam SI9NGH @… — Contract and Commercial Disputes | 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: 82 of 2024 Date of Institution: 22.12.2023 Date of Decision: 19.08.2026

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Punjab National Bank having its branches all over India and a branch at Village Mari Buchian, Tehsil Batala, District Gurdaspur, Punjab w.

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……..Applicant Vs.

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Mr. Mohkam Singh @ Mohakam Singh S/O Sh. Tarlok Singh R/O Village Chaudhriwal, Tehsil Batala, District Gurdaspur, Punjab.

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……….Defendant

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Advocates

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Sh. S.N. Sharma, Counsel for the applicant bank along with Vinay Kumar, Deputy Manager of the Applicant Bank. Defendant - ex parte .

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OA for the Recovery of ₹30,37,238.93p with interest @11.50% per annum with half-yearly rests from 22.12.2023.

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ORDER

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Punjab National Bank (Bank) has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹30,37,238.93p with interest against Mr. Mohkam Singh @ Mohakam Singh (defendant).

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Bank’s case is that on 11.01.2016, it had granted a loan of ₹17.00Lacs to defendant in the form of K.C.C Limit for agricultural purpose. To secure the loan, Defendant had mortgaged his land (fully detailed in para No.3A of the application). The loan was chargeable to interest @11.50% per annum with half-yearly rests. The defendant had acknowledged the liability towards the debt on 18.01.2019 and 06.01.2022. On 30.11.2023, a sum of ₹30,37,238.93p was due from the

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defendant. Despite repeated requests, defendant did not make the repayment. Hence, this application.

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On 31.01.2024, summons was sent to the defendant by registered post, which was duly served. However, defendant did not put in appearance. Vide order dated 06.11.2024, he proceeded was ex parte . 4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Vikas Mahajan, Authorised Officer along with the loan and security documents and marked them as Exhibit A-1 to A-14. 5. I have perused the evidence on the record. Mr. Vinay Kumar, Deputy Manager is present along with the original documents which have been perused by me. The same has been returned to him after perusal. I am of the considered view that the Bank has proved its case that it had advanced the loan of ₹17.00Lacs and on 30.11.2023, a sum of ₹30,37,238.93p was due. 6. Accordingly, the application of the bank for the recovery of ₹30,37,238.93p (Rupees Thirty Lacs Thirty Seven Thousand Two Hundred Thirty Eight and Ninety Three Paise Only) with interest @11.50% per annum with half-yearly rests from 22.12.2023, till the date of payment is hereby allowed with costs. 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 defendant.

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7.	Pending IAs, if any, stan	d disposed of.
8.	Recovery Certificate be	issued accordingly.
9.	Party is directed to	appear before Recovery Officer on
21.0	9.2026,who is directed	to distribute the sale proceeds of the

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mortgaged property(ies) 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 party. Pronounced in the open Court. (A S Narang) Dated: 19.08.2026 Presiding Officer DRT-1, Chandigarh

Punjab National Bank v. Mr. Mohkam SI9NGH @ Mohakam Singh

Case brief

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What did the court decide?

Punjab National Bank v. Mr. Mohkam SI9NGH @ Mohakam Singh

Case brief

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What did the court decide?

What the court decided

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