In a Debt Recovery Tribunal application, the bank recovered a loan of ₹80 Lacs advanced to Defendant 1. The court allowed recovery of the outstanding sum of ₹1.30 Crores with interest, dismissing defendants' default as a waiver of defence.
Recovery of ₹1,30,76,769.43 p with interest @14% p.a. allowed; Recovery Certificate issued.
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
TA No: 282/2023
Date of Institution: 16.11.2019
Date of Decision: 08.06.2026
Punjab National Bank having its branches all over India and a branch at Unit Jahangir Chowk, Srinagar, Jammu and Kashmir.
……..Applicant
Vs.
……….Defendants
Advocates
Mr. Gulshan Mehta proxy counsel for Sh. Ankit Kaushal, Counsel for the applicant bank.
Mr. Kaveesh proxy counsel for Ms. Shivani Saini, Counsel for the Defendants.
None for other Defendants
TA for the Recovery of ₹1,30,76,769.43p with interest @14% per annum with monthly rests from 16.11.2019.
2
ORDER
3
2 issues framed by the court
Whether the applicant bank established its claim for recovery of loan dues and interest.
Whether the defendants' failure to appear precluded defence and justified the bank's claim.
1 provisions across 1 enactments
Punjab National Bank
M/S G.M Shah Prop: Ghulam Muhammad Shah Gonchoo
Ghulam Muhammad Shah Gonchoo
Shafi-ur-Rehman Shah Gonchoo
Manzoor Ahmed Shah Gonchoo
Mst Khataja Begum
A S NARANG
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
