Debts Recovery Tribunals and Appellate Tribunals
PUNJAB NATIONAL BANK vs DEVI LAL on 26 October 2026
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** BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIMAL GUPTA PRESIDING OFFICER O.A. NO. 1357 OF 2022 (Misc. Application No. 220/2026) DATE OF DELIVERY OF ORDER 26.10.2026 RECOVERY CERTIFICATE (UNDER SUB Section 22 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (Act 51 of 1993)
Punjab National Bank, having its Head Office at Plot no. 4, Sector-10, Dwarika, New Delhi and Circle Sastra Centre, PNB House, Meera Chowk, Sri Ganganagar through its Chief Manager. …..Applicant Bank…..
VERSUS
Devi Lal S/o Shri Dalu Ram Jaat, Resident of 2-K, Mirjewala, Sri Ganganagar, Suratgarh, Rajasthan-335804. ……Defendant…..
Recovery Certificate for Rs. 24,49,178.98 In terms of order passed by this Tribunal in MA no.220/2026 which was filed in OA no. 1357/2022 and the Misc. Application was allowed. Accordingly, it is ordered that-
a) Vide award dated 08.05.2026 passed in Lok Adalat by this Tribunal, it is recorded that settlement was arrived at between the bank and the defendant. The defendant was agreed to settle the account in sum of Rs. 21,28,171/- out of which 20% amount of the settlement through postdated cheque no. 568557 dated 18.05.2026 was paid immediately an balance amount will be paid in four equal installments by 15.09.2026.
b) The applicant bank has filed Misc. application no. 220/2026 for issuance of Recovery Certificate in OA No. 1357/2022 as the defendant failed to comply with the award passed in Lok Adalat. The defendant only deposited Rs. 5,26,000/- of the settlement amount and has committed default in making balance payment of the settlement amount.
c) In view of the above, the Defendant is liable to pay balance outstanding amount to the applicant bank i.e. Rs. 24,49,178.98 (Rupees Twenty Four Lac Forty Nine Thousand One Hundred Seventy Eight and Ninety Eight Paisa only) with future interest @ 10.80% p.a..
d) The applicant bank is entitled to recover the above amount from the sale of hypothecated assets and mortgaged property i.e. Agriculture land Admeasuring of 11.891 Hectares, Khata No. 19 having M. No. 106/335, 106/337, 106/338 situated at Village 4 MNWM, Tehsil Suratgarh, Sri Ganganagar as well as from the personal movable and immovable properties/assets of Defendant. The applicant bank is entitled to proceed against the same towards recovery of its debt.
c) The applicant bank is entitled to the costs of the O.A. Parties are directed to appear before the Recovery Officer, DRT, Jaipur on 22.12.2026. The Recovery Officer shall realize the amount as per this Certificate in the manner and mode prescribed under Section 25 and 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to time) from the above named Certificate Debtor. This Certificate has been issued under my signatures and seal of the Tribunal.
BEFORE THE DEBTS RECOVERY TRIBUNAL, JAIPUR PRESENT- SHRI VIMAL GUPTA PRESIDING OFFICER O.A. NO. 1357 OF 2022 DATE OF DELIVERY OF ORDER 26.10.2026 SCHEDULE TO RECOVERY CERTIFICATE MEMO OF COST
Punjab National Bank, having its Head Office at Plot no. 4, Sector-10, Dwarika, New Delhi and Circle Sastra Centre, PNB House, Meera Chowk, Sri Ganganagar through its Chief Manager. …..Applicant Bank…..
VERSUS
Devi Lal S/o Shri Dalu Ram Jaat, Resident of 2-K, Mirjewala, Sir Gangangar, Suratgarh, Rajasthan-335804. ……Defendant…..
S.No. Item of Costs Amount (Rs.)
Fee on the Application 32,000.00
Process Fee (Inc. Publication) 00.00
Advocate Fee 1,250.00
Commission/Receiver/Valuation 00.00
5. Miscellaneous Charges 148.00
Total 33,398.00
Date : 26.10.2026 Counsel: Ms. Kanika Wadhwani, Counsel for Applicant Bank None for the Defendants
The Tribunal directed the Registrar to verify the Recovery Certificate as per Regulation 22(1) of Debts Recovery Tribunal Regulation 2024. The Registrar verified the Recovery Certificate as per Regulation 22(1) of Debts Recovery Tribunal Regulation 2024. Recovery Certificate be prepared accordingly. Copy of the Recovery Certificate be given free to the concerned parties as well as be sent to the Recovery Officer for further proceedings. File be put up before the Registrar for compliance. After compliance file be consigned to record.