Bank applicant, after proving a loan of ₹25 Lacs advanced to sole proprietor respondent, obtained an order allowing recovery of ₹36.72 Lakhs plus interest via sale of assets through the Recovery Officer.
Recovery of ₹36,72,344.80p with interest allowed; Recovery Certificate issued; parties directed to appear before Recovery Officer for asset sale.
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: 64/2023
Date of Institution: 29.09.2021 Date of Decision: 06.08.2026
Jammu and Kashmir Bank Limited Business Unit at Bagaat Barzulla, Srinagar.
……..Applicant
Vs.
……….Defendants
Advocates
Sh. R.K. Jindal through VC, Counsel for the applicant bank. Defendants- ex parte vide order dated 25.04.2025 .
TA for the Recovery of ₹36,72,344.80p with interest @15.45% per annum with monthly rests from 29.09.2021.
ORDER
2
chargeable to interest @15.45% per annum with monthly rests. On 31.08.2021, a sum of ₹36,72,344.80p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, the suit.
3
1 issue framed by the court
Whether the applicant bank established its right to recover the outstanding dues of ₹36,72,344.80p with interest from the respondents?
1 provisions across 1 enactments
Jammu and Kashmir Bank Limited Business Unit at Bagaat Barzulla, Srinagar
M/s Khazin Rafi
Khazin Rafi d/o Mohammad Rafi Shah
A S Narang
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
