Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs MRS. KULJEET SINGH on 18 March 2026
**Debts Recovery Tribunal-I, Delhi
4<sup>th</sup> floor, Jeevan Tara Building, Parliament Street, New Delhi**
**Presiding Officer: Shri Govind Ballabh Sharma**
**T.A. No. 1423 of 2022**
Punjab National Bank
Circle Sastra North Delhi, Vikrant Tower 2<sup>nd</sup> Floor, Rajendra Place, New Delhi-110008
Applicant
**Versus**
1. Mrs. Kuljeet w/o Late Sh. Inderpal Singh R/o A-20, Om Vihar, Uttam Nagar New Delhi-110059
2. Ms. Simran d/o Late Sh. Inderpal Singh R/o A-20, Om Vihar, Uttam Nagar New Delhi-110059
3. Ms. Tanya d/o Late Sh. Inderpal Singh (A minor through her mother Respondent no.1)
R/o A-20, Om Vihar, Uttam Nagar
New Delhi-110059
4. Mr. Anil Thakur (Guarantor)
R/o 2<sup>nd</sup> floor, C-22, Gulab Bagh Om Vihar, Uttam Nagar New Delhi-110059
Defendants
Present: Shri Sudhir Kr. Singh, Counsel for the applicant bank Date of Reserve: 26.02.2026
Date of Pronouncement: 18.03.2026
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**FINAL ORDER**
This original application has been filed by the applicant bank on 13.05.2015 before DRT-III, Delhi and then transferred to DRT-I Delhi through Shri Chander Bhan Rao, authorized *Sd/-*
representative of the applicant bank under Section 19 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 against the defendants for recovery of Rs.10,95,491/- (Rupees Ten Lacs Ninety Five Thousand Four Hundred Ninety One only) as on 31.12.2014 along with pendentelite and future interest @18.75% per annum with monthly rests from the date of filing of this application till the date of its realization and costs. Further, the name of Sh. Gaurav Kumar was substituted as new authorized representative in place of erstwhile ARs of the applicant bank.
2. The brief facts of the case are that on the request of the Sh.Inderpal Singh (now deceased) and now through his legal heirs being defendant no.1 to 3 (wife and daughters), the applicant bank sanctioned housing loan for a sum of Rs.11,00,000/- (Rupees Eleven Lacs only) on 01.09.2010 @8.50% per annum, which was to be repayable in 240 monthly installments of Rs.9,548/- each against mortgage of property. The defendant no.4 stood as guarantor for housing loan facility sanctioned in favour of the defendant no.1 by the applicant bank.
3. That in order to avail the housing loan facility, the defendants submitted housing loan application form and executed Housing Loan Agreement on 01.09.2010 and defendant no.4 executed Agreement of Guarantee on 01.09.2010 with the applicant bank.
4. That in order to secure the housing loan facility, the defendant no.1 (since deceased) created mortgage of the built up property bearing No.H.No.142, 2<sup>nd</sup> Floor, Pocket-I, Sector- Sd- 20, Rohini, Delhi-85 in favour of the applicant bank on 25.09.2010 by submitting title deeds
5. It has been submitted by the applicant bank that after availing the housing loan facility, the defendants failed to maintain financial discipline and failed to adhere to the terms and conditions of housing loan agreement despite several requests and reminders. Ultimately, the applicant bank classified the account as NPA and issued demand notice dated 07.01.2015 under Section 13(2) of SARFAESI Act to clear the dues but defendants neglected, hence the applicant bank has approached this Tribunal for recovery of their dues.
6. Notices of this O.A. were issued to the defendants and despite proper service, the defendants have chosen to absent from the proceedings. As per order dated 23.07.2018, the defendants have been proceeded ex-parte as they have not appeared before the Tribunal nor written statement, evidence and affidavit of assets have been filed.
7. In order to prove its case, the applicant bank has filed its evidence by way of affidavit of Shri Akhouri Binay, authorized representative of the applicant bank who has proved the documents such as Power of Attorney, Loan Application, Agreement of Guarantee, Housing Loan Agreement, Letters, Title Deeds of property, Notice u/s 13(2) of SARFAESI Act alongwith Postal Receipts, Statement of Account alongwith Certificate under Banker's Books Evidence Act, Death Certificate marked as Ex.AW-1/1 to Ex.AW-1/10.
8. The applicant bank has fully corroborated the averments made in the O.A. Even otherwise the whole case of the Sd- applicant bank is based on the documents and the same have been duly proved.
9. The case filed by the applicant bank gone unrebuted and there is no question of disbelieving the case of the applicant bank and the applicant bank has proved its case beyond reasonable doubts.
10. In the light of the above discussions, the Original Application deserves to be allowed.
ORDER
I, allow this OA and direct the defendants to pay to the applicant bank, jointly or severally, within a period of 30 days, a sum of Rs.10,95,491/- (Rupees Ten Lacs Ninety Five Thousand Four Hundred Ninety One only) along with pendentelite and future interest @18.75% per annum with monthly rests from the date of filing of this application till its realization with costs, failing which the aforesaid amount shall be recovered from the sale of mortgaged property i.e. 2<sup>nd</sup> Floor, H.No.142, Pocket-I, Sector-20, Rohini, Delhi-85. In case of shortfall, the same shall be recovered from the sale of movable and immovable properties of the defendants.
(II) The recovery certificate be issued forthwith and be sent to the Recovery Officer, Debt Recovery Tribunal-I, Delhi.
(III) Parties are directed to appear before Recovery Officer, DRT I, Delhi on 18.05.2026.
*Sd-*
(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost.
*Sd- 026*
**(GOVIND BALLABH SHARMA)** **PRESIDING OFFICER** **DRT-I, DELHI**
(Dictated and pronounced in open court)
Dated: 18.03.2026