Canara Bank v. Naresh
Case brief
What is this about?
The Debts Recovery Tribunal adjudicated an application filed by Canara Bank for recovery of a housing loan of Rs. 20 lakhs with outstanding dues. The Tribunal allowed the Applicant Bank's claim and issued a recovery certificate against the defendants.
What did the court decide?
Defendants jointly and severally liable to pay Rs.24,02,284.01ps with interest; Bank entitled to proceed against mortgaged property and defendant's personal properties; Recovery certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE lOrH DAy oF FEBRUARI,2023
PRESENTI SRI GUMMADI GoPICHAND, PRESTDING oFFICER
OA.No.162 ot 2022
Between:
Canara Bank, Kazipet branch, Warangal district Telangana state Represented by its authorised Officer
Applicant
VERSUS
- Sri N, Naresh,
s/o N. Sambaiah (borrower)
aged 32 yrs, occ: business,
H.No2-334/ 4, bheemaram village,
Hasanparthy (M) Waranga I
District - 506 015.
_.i -^e.,
2. SriV. Sambaiah, , -, -:. I ':-rfr);,i.
s/o aged 55 V. Ramaiah yrs, occ: (Guarantor) ,,:' business, i" i--:: . }) ). ,
H-No.11-22-673, pothanaveedhi, ,;
waransal distriif -;oo orii""' iH I o rt^ att 'i 0.FFR flE oJ
'.R.b.,,,,€9
counser ror the parries: \dtdtr,ilE.i"tq
\1Y,
For the Applicant
Dr. Shaik FaheemullahShaik Faheemullah
For the Defendants
Dr. Shaik FaheemullahShaik Faheemullah Exparte
(OA.No.162 of 2022)
Issues for consideration
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?
Parties & counsel
- appellant
Canara Bank, Kazipet branch, Warangal district
- respondent
Sri N. Naresh
- respondent
Sri V. Sambaiah
Coram
Case details
As recorded by the court registry
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