The Debts Recovery Tribunal allowed the Application Order filed by Canara Bank for recovery of Rs. 24,02,284.01 plus interest against borrowers and guarantor holding a housing term loan that was declared non-performing.
The Bank is directed to recover Rs. 24,02,284.01 with interest, proceed against mortgaged property and defendants' assets, and is awarded costs of the OA.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL.I AT HYDERABAD DATED THIS THE 1OTH DAY OF FEBRUARY,2023
PRESENT: SRI GUMMADI GoPICHAND, PRESIDING OFFICER
OA.No.t6t ot 2022
Between:
Canara Bank, Kazipet branch, Warangal district Telangana state Represented by its authorised Officer
Applicant
VERSUS
s/o N. Sambaiah (borrower)
aged 32 yrs, occ: business, H.No2-334/ 4, bheemaram village, Hasanparthy (M) Warangal District - 506 015.
Defendants
Counsel for the Parties:
Shaik Faheemullah For the Applicant ' a., For the Defendants ry
(OA.No.161 of 2022)
ORDER
(OA.No.161 of 2022)
dot[8 Jffi,"0 costs, as under:
(OA.No.161 of 20221
and paise one only) with interest @ 9.70o/op.a from ol.o4.zo2z till realization.
- Issue Recovery certificate accordingly.
(Dictated to the P.A.., transcribed by her, corrected, signed and pronounced by me in the open court on this the lOth day of Feb., 2023)
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(G. GOPTCHAND)
PRES!DING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants as prayed for?
Canara Bank
Sri N. Surender
Sri V. Sambaiah
Gummaadi GoPichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
