Debts Recovery Tribunals and Appellate Tribunals
CAPITAL SMALL FINANCE BANK LIMITED vs SUKHRAJ SINGH on 27 October 2026
IN THE DEBTS RECOVERY TRIBUNAL-I, CHANDIGARH
BEFORE: A S NARANG, PRESIDING OFFICER
TA No: 70/2025
Date of Institution: 15.05.2025
Date of Decision: 27.10.2026
Capital Small Finance Bank Ltd., Registered Office at MIDAS, Corporate Park, 3rd Floor, 37 G.T. Road, Jalandhar, District Jalandhar, Punjab and branch office amongst other places at Rayya, District Amritsar, Punjab.
...Applicant
Vs.
1. Sh. Sukhraj Singh S/o Sh. Baldev Singh R/o Village Mahimadpur, P.O. Bhama, Tehsil Batala, District Gurdaspur (Pb)
2. Smt. Baljit Kaur W/o Sh. Sukhraj Singh R/o Village Mahimadpur, P.O. Bhama, Tehsil Batala, District Gurdaspur (Pb).
3. Sh. Amrik Singh S/o Sh. Parkash Singh R/o Village Devi Dasspura, District Amritsar (Pb).
...Defendants
Advocates
Sh. Vikas Sharma, proxy Counsel for Sh. Varun Katyal, Counsel for the applicant bank.
Defendants – ex parte.
TA for the Recovery of Rs.24,08,957.10p with interest @13.05% per annum with half-yearly rests from 15.05.2025.
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ORDER
1. On 15.05.2025, Capital Small Finance Bank Ltd. filed the application for the recovery of Rs.24,08,957.10p with interest against Sh. Sukhraj Singh and others (defendants) in the Debts Recovery Tribunal – III, Chandigarh. However, vide order dated 07.07.2025, this application was transferred to DRT-I, Chandigarh.
2. Defendant Nos.1 and 2 are the borrowers. Defendant No.3 is the guarantor. Bank’s case is that on 10.12.2020, it had granted a KCC limit of Rs.18.80 lacs to defendant Nos.1 and 2 for agricultural purpose. To secure the limit, defendant No.1 had hypothecated assets and mortgaged his land (fully detailed in Annexure A-3 and Para No.5.vi of the Application, respectively). The limit was chargeable to interest @13.05% per annum with half-yearly rests. Defendant No.3 stood as Guarantor for the above facility vide Guarantee Deed dated 10.12.2020. On 16.04.2025, a sum of Rs.24,08,957.10p was due from the defendants. Despite repeated requests, defendants did not make the repayment. Hence, this application.
3. On 24.07.2025, summonses were sent to the defendants by registered post, which were duly served. However, defendants did not put in appearance. Vide order dated 24.03.2026, they were proceeded ex parte.
4. In order to prove its case, the Bank has placed on record the affidavit of Mr. Bharat Bhushan, Authorized Officer, 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 a KCC limit of Rs.18.80 lacs and on 16.04.2025, a sum of Rs.24,08,957.10p was due.
6. Accordingly, the application of the Bank for the recovery of Rs.24,08,957.10p (Rupees Twenty-Four Lacs Eight Thousand Nine Hundred Fifty-Seven and Paise Ten Only) with interest @13.05% per annum with half-yearly rests from 15.05.2025 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 and mortgaged land (fully detailed in Annexure A-3 and Para No.5.vi of the Application, respectively) 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 01.12.2026.
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: 27.10.2026 Presiding Officer DRT-1, Chandigarh HARSH