Disposed

Gurbir Singh v. Central Bank of India

DRT13 Mar 2026SA/364/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal disposed of a securitization application filed under Section 17 of the SARFAESI Act. The court held that the respondent bank failed to produce a CERSAI registration report for one of the two loans in dispute, thereby depriving it of the right to enforce SARFAESI action on that specific loan. The application was disposed on this ground.

What did the court decide?

Bank was ordered not to be entitled to enforce SARFAESI action in respect of the loan of Rs. 20 lacs due to lack of CERSAI report.

Gurbir Singh versus Central Bank of India — Money Laundering | DRT (2026)

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SA No.364/2025

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DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH

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SA/364/2025 GURBIR SINGH AND ANOTHER Vs AUTHORIZED OFFICER, CENTRAL BANK OF INDIA

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13.03.2026 Item No.15

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Present: Mr. Subham Aggarwal, Counsel for the Applicants. Mr. Ashutosh Bajpai, Counsel for respondent Bank.

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Gurbir Singh and another (Applicants) have filed this Securitization Application under Section 17 of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act), against the Authorized Officer, Central Bank of India (Respondent).

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On 22.12.2009, Central Bank of India (CBI) had sanctioned home loan of Rs.20.00 Lacs to the Applicants. The loan was repayable in 15 years. Again on 12.07.2022, respondent Bank had sanctioned a loan of Rs.2.50 Lacs to the Applicants. Both the accounts turned NPA on 18.08.2025. On 20.08.2025, Bank issued the notice under Section 13(2). Since the payment was not made, on 27.10.2025 Bank issued the notice under Section 13(4). On 04.12.2025, Applicants filed the present SA.

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The case of the Applicants is that the notices under Section 13(2) and 13(4) were not served upon them. Further, there is no CERSAI Registration in respect of the loan of Rs.20.00 Lacs.

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Admittedly, Bank has produced on the record the CERSAI report. This CERSAI report is in respect of the loan of Rs. 2.50 lacs. However, Bank has failed to produce on the record any CERSAI report in respect of the loan of Rs. 20 lacs. Since, the Bank has failed to produce on the record the CERSAI report in respect of the loan of Rs. 20 lacs, it is hereby ordered that the Bank would not be entitled to enforce the SARFAESI action in respect of the loan of Rs. 20 lacs. The SA is disposed of accordingly. All the pending IAs, if any, are also stand disposed of accordingly.

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Registrar is directed to send a copy of this order to all the parties, as per rule. File be consigned to record room after due compliance.

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(A S Narang) Presiding Officer DRT-I, Chandigarh

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Pronounced in open court Dated: 13.03.2026 PANKAJ

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Gurbir Singh v. Central Bank of India

Case brief

What is this about?

What did the court decide?

Gurbir Singh v. Central Bank of India

Case brief

What is this about?

What did the court decide?

What the court decided

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