Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs ABRAR ASHRAF on 11 August 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 330 of 2023
Date of Institution: 31.12.2022
Date of Decision: 11.08.2026
SBI at Baramulla, Srinagar.
……..Applicant
Vs.
Abrar Ashraf s/op Mohd Ashraf r/o Azad Gunj Baramulla, District Baramulla, Srinagar.
……….Defendants
Advocates
Ms. Puja Sharma, Counsel for the applicant bank.
Defendants - ex parte.
TA for the Recovery of ₹22,17,716/- with interest @10.10% per annum with monthly rests from 31.12.2022.
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ORDER
1. On 31.12.2022, SBI filed the suit for the recovery of ₹22,17,716/- with interest against Abrar Ashraf (defendant) in the District Court, Baramulla. However, vide order dated 05.12.2023, 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 03.11.2020, it had granted a loan of ₹24.00Lacs to defendant in the form of Vehicle Loan. To secure the loan, Defendant had hypothecated vehicle (fully detailed in para No.4 of the plaint). The loan was chargeable to interest @10.10% per annum with monthly rests. On 28.12.2022, a sum of ₹22,17,716/-was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, the plaint.
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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 30.09.2024 which was duly served. However, defendant did not put in appearance and vide order dated 16.01.2026, he was proceeded ex parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Zaffar Khurram, Chief 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 ₹24.00Lacs and on 28.12.2022, a sum of ₹22,17,716/- was due.
6. Accordingly, the case of the bank for the recovery of ₹22,17,716/- (Rupees Twenty Two Lacs Seventeen Thousand Seven Hundred Sixteen Only) with interest @10.10% per annum with monthly rests from 31.12.2022, 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 vehicle fully detailed in para No.4 of the plaint as well as from 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 14.09.2026.
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: 11.08.2026 Presiding Officer DRT-1, Chandigarh
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