The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 30,26,498/- with interest against the borrowers, who defaulted on renewed term loans and credit card limits secured by hypothecated assets.
Recovery of Rs. 30,26,498/- with interest @10.25% per annum from 06.06.2025 along with a Recovery Certificate.
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IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 904 of 2025 Date of Institution: 06.06.2025 Date of Decision: 01.09.2026
SBI having its branches all over India and a branch at Gondhla branch, V.P.O. Gondhla, Tehsil Keylong, District Lahul & Spiti, Himachal Pradesh.
……..Applicant
Vs.
……….Defendants
Advocates
Ms. Anupama Takhi, Counsel for the applicant bank. Defendants - ex parte .
OA for the Recovery of Rs.30,26,498/- with interest @10.25% per annum with monthly rests from 06.06.2025.
ORDER
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renewed again on 09.08.2024, C.C. Limit at Rs.5.00Lacs and Term Loan at Rs.27,24,844/-. The loans were chargeable to different rates of interest. On 23.04.2025, a sum of Rs.30,26,498/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
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1 issue framed by the court
Whether the applicant bank was entitled to recover the debt of Rs. 30,26,498/- with interest under Section 19 of the RDB Act.
1 provisions across 1 enactments
SBI
M/s Grass Root
Vijay Chand
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
