Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK (ORIENTAL BANK OF COMMERCE) vs MRS. SUKHPREET KOUR on 8 June 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 174/2024
Date of Institution: 30.12.2021
Date of Decision: 08.06.2026
Punjab National Bank (erstwhile Oriental Bank of Commerce) having its branches all over India and a branch a Last Morh, Gandhi Nagar, (Jyoti Public High School), Jammu, Jammu and Kashmir.
……..Applicant
Vs.
Mrs. Sukhpreet Kour w/o Sh. Parvinder Singh, r/o H.No.81, Sector No- 13, Nanak Nagar, Jammu, Jammu and Kashmir.
……….Defendant
Advocates
Mr. Gulshan Mehta, proxy counsel for Mr. Anirudh Gupta, Counsel for the applicant bank.
Defendant - ex parte.
TA for the Recovery of ₹43,37,040/- with interest @10.75% per annum with monthly rests from 30.12.2021.
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ORDER
1. On 30.12.2021, Punjab National Bank filed the suit for the recovery of ₹43,37,040/- with interest against Mrs. Sukhpreet Kour (defendant) in the Civil Court Jammu. However, vide order dated 14.02.2023, this suit was transferred by the Court of Additional District Judge, (Bank Cases), Srinagar, to DRT-I, Chandigarh.
2. Bank’s case is that on 11.12.2018, it had granted a loan of ₹30.00 Lacs to defendant in the form of Term Loan for Housing purpose. To secure the loan, Defendant had mortgaged her property (fully detailed in para No.2 of the application). The loan was chargeable to interest @10.75% per annum with monthly rests. On 30.11.2021, a sum of ₹43,37,040/- was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, the suit.
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3. The Civil Court sent summons to the defendant by registered post, which was duly served. After transfer, Defendant was sent summons which were duly served. However, the defendant did not put in appearance and she was proceeded ex parte on 12.08.2025.
4. In order to prove its case, the Bank has placed on record the affidavit of Sh. Hans Raj, Senior Manager, along with the loan and original security documents.
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 ₹30.00 Lacs and on 30.11.2021, a sum of ₹43,37,040/- was due.
6. Accordingly, the case of the bank for the recovery of ₹43,37,040/- (Rupees Forty Three Lacs Thirty Seven Thousand Forty Only) with interest @10.75% per annum with monthly rests from 30.12.2021, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of mortgaged property fully detailed in para No.2 of the application as well as from the personal movable and immovable property(ies) of the defendant.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Party is directed to appear before Recovery Officer on 10.07.2026, who is directed to distribute the sale proceeds of the mortgaged property 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: 08.06.2026 Presiding Officer DRT-1, Chandigarh MANOJ KALRA