Debts Recovery Tribunals and Appellate Tribunals
STATE BANK OF INDIA vs SH. NIRBHAY TREHAN on 8 September 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 212/2024
Date of Institution: 08.06.2015
Date of Decision: 08.09.2026
SBI, B/u SME Jammu, at Rail Head Complex, Bahu Plaza, Jammu.
...Applicant
Vs.
1. Sh. Nirbhay Trehan S/o Sh. P.L. Saraf R/o 31-D/C Green Belt Park, Gandhi Nagar, Jammu.
2. Smt. Bani Trehan W/o Sh. Nirbhay Trehan R/o 3-D/C Green Belt Park, Gandhi Nagar, Jammu.
...Defendants
Advocates
Mr. Devender Rattan and Ms. Nisha Ola, Counsel for the Applicant Bank.
Ms. Ridhi Bansal, Counsel for the defendants.
TA for the Recovery of Rs.34,02,752.70p with interest @10.50% per annum with monthly rests from 08.06.2015.
ORDER
1. On 08.06.2015, SBI filed the suit for the recovery of Rs.34,02,752.70p with interest against Sh. Nirbhay Trehan and another (defendants) in the Court of District Judge, Jammu. However, vide order dated 02.05.2023, this suit was transferred by the Court of Additional District Judge (Commercial Court), Jammu, to DRT-I, Chandigarh.
2. Bank’s case is that on 22.10.2012, it had granted a Vehicle Loan facility of Rs.49 lacs to defendant Nos.1 and 2 for purchase of Jaguar Land Rover. To secure the loan, the defendants had hypothecated their vehicle bearing Registration No. HR26BW0217 (fully detailed in Annexure ‘D’). The loan facility was chargeable to interest @10.50% per annum with monthly rests. On 06.06.2015, a sum of Rs.34,02,752.70p
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was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this suit.
3. The Civil Court sent summonses to the defendants. None of the defendants put in appearance. After transfer, summonses were sent to the defendants through registered post and paper publication which were duly served. The service of the defendants was completed on 16.07.2026. The defendants did not put appearance or filed their written statement. On 31.08.2026, the Bank filed an IA/611/2026 for the preponement of the application from 16.09.2026 to 05.09.2026. The IA was allowed vide order dated 05.09.2026. Ms. Ridhi Bansal has put in appearance on behalf of the defendants today and denied the case of the Bank.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Vinod Dhar, Chief 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 a vehicle loan of Rs.49 lacs and on 06.06.2015, a sum of Rs.34,02,752.70p was due.
6. Accordingly, the application of the Bank for the recovery of Rs.34,02,752.70p (Rupees Thirty-Four Lacs Two Thousand Seven Hundred Fifty-Two and Paise Seventy Only) with interest @10.50% per annum with monthly rests from 08.06.2015 till the date of payment is hereby allowed with costs. The liability of both the defendants would be joint and several. Bank can recover its dues by the sale of hypothecated vehicle bearing Registration No. HR26BW0217 (fully detailed in Annexure ‘D’), 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 09.10.2026.
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: 08.09.2026 Presiding Officer DRT-1, Chandigarh HARSH
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