Debts Recovery Tribunals and Appellate Tribunals
CANARA BANK vs M/S A.R. TILES on 7 August 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 53 of 2022
Date of Institution: 25.08.2020
Date of Decision: 10.08.2026
Canara Bank at Gandhi Nagar, Jammu.
……..Applicant
Vs.
M/s A.R. Tiles through its proprietor Sh. Abdul Rahim s/o Sh. Mohd.
Iqbal Chowdhary r/o Village Lower Birpur, Purmandal Road, Near Data Talab, Tehsil Bari Brahmana, District Samba.
……….Defendant
Advocates
Sh. Sumit Batra, Counsel for the applicant bank.
Defendant - ex parte.
TA for the Recovery of ₹32,89,708.01p with interest @12% per annum with monthly rests from 25.08.2020.
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ORDER
1. On 25.08.2020, Canara Bank, filed the suit for the recovery of ₹32,89,708.01p with interest against M/s A.R. Tiles (defendant) in the District Court, Jammu. However, vide order dated 20.09.2022, 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 01.06.2018, it had granted a loan of ₹30.00Lacs to defendant through its proprietor in the form of O.C.C. Limit for business purpose. To secure the loan, Defendant had hypothecated assets (Fully detailed in Annexure P-3). The loan was chargeable to interest @12% per annum with monthly rests. On 01.08.2020, a sum of ₹32,89,708.01p was due from the defendants. Despite repeated requests, defendant did not make the repayment. Hence, the suit.
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3. The Civil Court sent summons to the defendant which was duly served. After receiving the file by transfer from Jammu, this Tribunal sent summons to the defendant by registered post on 21.11.2023, which was duly served. However, defendant did not put in appearance and vide order dated 17.09.2025, the defendant was proceeded ex parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Jatinder Kumar, Branch Manager, along with the loan and 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 ₹30.00Lacs and on 01.08.2020, a sum of ₹32,89,708.01p was due.
6. Accordingly, the case of the bank for the recovery of ₹32,89,708.01p (Rupees Thirty Two Lacs Eighty Nine Thousand Seven Hundred and Eight and One Paise Only) with interest @12% per annum with monthly rests from 25.08.2020, till the date of payment is hereby allowed with costs. The liability of all the defendants would be joint and several. Bank can recover its dues by the sale of hypothecated assets (fully detailed in Annexure P-3) and the personal movable and immovable property(ies) of the defendants.
7. Pending IAs, if any, stand disposed of.
8. Recovery Certificate be issued accordingly.
9. Parties are directed to appear before Recovery Officer on 11.09.2026.
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: 10.08.2026 Presiding Officer DRT-1, Chandigarh
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