Allowed

Punjab and Sind Bank v. M/S Mehak Lenhga

DRT25 Mar 2026OA/971/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's application for recovery of a loan of Rs. 22,04,023.28 with interest. The court held the respondents jointly and severally liable and directed the issuance of a Recovery Certificate and sale proceeds distribution under Section 19(20-AB).

What did the court decide?

Recovery of principal amount ₹22,04,023.28 and interest @11.95% per annum with monthly rests allowed and Recovery Certificate issued.

Punjab and Sind Bank versus M/S Mehak Lenhga — 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: 971/2024 Date of Institution: 27.06.2024 Date of Decision: 25.03.2026

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Punjab and Sind Bank having its branches all over India and a branch at Jandiala Guru District Amritsar, Punjab.

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……..Applicant

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Vs.

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M/s Mehak Lenhga situated at Near Sudhir Karyana Store Gehri Mandi, Jandiala Guru, District Amritsar, Punjab, through its Prop. Sh. Baljit Singh.

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Sh. Baljit Singh S/o. Sh. Shingara Singh Proprietor, r/o. H no.4537, Ward -6, New Abadi Jandiala Guru, District Amritsar, Punjab.

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Smt. Balraj Kaur W/o. Sh. Baljit Singh, r/o. H. no.4537, Ward-6, New Abadi Jandiala Guru, District Amritsar, Punjab.

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Sh. Ranjit Singh S/o. Sewa Singh, r/o. Village Bhangwan near Jandiala Guru, District Amritsar, Punjab.

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……….Defendants

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Advocates

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Ms. Lovedeep Kaur proxy cousnel for Ms. Puja Sharma, Counsel for the applicant bank.

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Defendants - ex parte vide order dated 13.08.2025 .

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OA for the Recovery of ₹22,04,023.28p with interest @11.95% per annum with monthly rests from 27.06.2024.

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ORDER

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Punjab and Sind Bank has filed this application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) for the recovery of ₹22,04,023.28p with interest against M/s. Mehak Lenhga and others (defendants).

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Bank’s case is that on 12.08.2015, it had granted a loan of

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₹15.00Lacs to defendant No.1 through its proprietor i.e. defendant No.2

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in the form of C.C Limit for Business purpose. To secure the loan, Defendant No.3 had mortgaged her property (fully detailed in para No.3A of the application). Defendant Nos.3 and 4 stood as guarantors vide deed of guarantee dated 12.08.2015. The loan was chargeable to interest @11.95% per annum with monthly rests. Defendants had duly acknowledged their liability towards the debt on 04.07.2018 and 30.06.2021. On 31.05.2024, a sum of ₹22,04,023.28p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.

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On 23.07.2024, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 13.08.2025, 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. Jaswinder Singh Bhatia, Chief Manager along with the loan and security documents and marked them as Exhibit A-1 to A-16. 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 ₹15.00 Lacs and on 31.05.2024, a sum of ₹22,04,023.28p was due. 6. Accordingly, the application of the bank for the recovery of ₹22,04,023.28p (Rupees Twenty Two Lacs Four Thousand Twenty Three and Paise Twenty Eight Only) with interest @11.95% per annum with monthly rests from 27.06.2024, 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 property and hypothecated assets 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 04.05.2026, who is directed to distribute the sale proceeds of the mortgaged property and hypothecated assets 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: 25.03.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA

Punjab and Sind Bank v. M/S Mehak Lenhga

Case brief

What is this about?

What did the court decide?

Punjab and Sind Bank v. M/S Mehak Lenhga

Case brief

What is this about?

What did the court decide?

What the court decided

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