The Debts Recovery Tribunal allowed the Canara Bank's application for recovery of a sum of Rs. 31,89,419.29 with interest from the mortgagor and guarantor following an ex parte hearing due to their absence.
Application allowed; Recovery Certificate issued; Order to proceed for sale of mortgaged land.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
OA No: 967/2023 Date of Institution: 04.05.2023 Date of Decision: 04.02.2026
Canara Bank having its branches all over India and a branch at V.P.O. Virk, Tehsil Phillaur, District Jalandhar, Punjab.
……….Defendants
Advocates Sh. Sumit Batra, Counsel for the applicant bank. Defendants - ex parte vide order dated 18.07.2024 . OA for the Recovery of Rs.31,89,419.29p with interest @11% per annum with half-yearly rests from 04.05.2023.
ORDER
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rests. Defendants had duly acknowledged their liability towards the debt on 18.04.2018, 24.03.2021. On 31.03.2023, a sum of Rs.31,89,419.29p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
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mortgaged land and standing crops as per the provisions of Section 19(20-AB) of the Act .
2 issues framed by the court
Whether the bank's application for recovery of dues under Section 19 of the RDB Act is maintainable and proven.
Whether the order to proceed ex parte against non-appearance is valid.
2 provisions across 1 enactments
Canara Bank
Sh. Kulwinder Singh Virk
Sh. Inderjit Singh
A. S. Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
