CANARA BANK vs SMT. BIMLA DEVI on 4 August 2026

ORDER

1. On 13.11.2021, Canara Bank filed the suit for the recovery of Rs.31,22,984.48/- with interest against Smt. Bimla Devi (defendant) in the Court of the Learned Principal District Judge, Jammu. However, vide order dated 17.03.2023, this suit was transferred by the Court of the Additional District Judge (Commercial Court), Jammu, to DRT-I, Chandigarh.

2. Bank’s case is that on 01.02.2018, it had granted a Term Loan of Rs.30.00 lacs to the defendant for vehicle purpose. To secure the loan, Defendant had hypothecated her vehicle bearing Registration No. UP17AT5347 (fully detailed in the Hypothecation Deed: Annexure P-4). The loan was chargeable to interest @10.45% per annum with monthly rests. The defendant had acknowledged her liability towards the debt on 27.10.2021. On 25.10.2021, a sum of Rs.31,22,984.48/- was due from the defendant. Despite repeated requests, defendant did not make the repayment. Hence, this suit.

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3. Summons was sent to the defendant by registered post, which was duly served. However, the defendant did not put in appearance. Vide order dated 07.07.2022 of the Court of the Additional District Judge (Commercial Court), Jammu, defendant was proceeded ex parte.

4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Deepak Mehra, Branch 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 Rs.30.00 lacs and on 25.10.2021, a sum of Rs.31,22,984.48/- was due.

6. Accordingly, the application of the Bank for the recovery of Rs.31,22,984.48/- (Rupees Thirty-One Lacs Twenty-Two Thousand Nine Hundred Eighty-Four and Paise Forty-Eight Only) with interest @10.45% per annum with monthly rests from 13.11.2021, till the date of payment is hereby allowed with costs. Bank can recover its dues by the sale of hypothecated vehicle (fully detailed in the Hypothecation Deed: Annexure P-4), 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. Parties are directed to appear before Recovery Officer on 07.09.2026, who is directed to distribute the sale proceeds of the hypothecated vehicle 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: 04.08.2026 Presiding Officer DRT-1, Chandigarh HARSH