Uco Bank v. Anitha
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application filed by UCO Bank under Section 19 of the RBI Act, 1993, seeking recovery of a loss of Rs.55,82,132/- from the principal debtor and guarantor. In the absence of defendants, the court recorded the bank's evidence as admitted and granted the relief along with costs.
What did the court decide?
The OA was allowed as prayed for with interest and costs; Recovery Certificate is directed to be issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL - I,KARNATAKA
AT BENGALURU
Dated this the 20th day of November,2023
Present: Sri Imtiaz Ali
Presiding Officer
OANo.2L7 12022
BETWEEN:
UCO BANK
Davanagere Branch At: First Floor, Narasarajpet,
H.M. Road, Mandipet
DAVANAGERE
Karnataka - 577 OOI Represented by its Manager Sri Bhakti Bhusan Garanayak
,. APPLICANT
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank proved its case for recovery of loan dues sanctioned to Defendant No.1?
Parties & counsel
- applicant
UCO Bank Davanagere Branch
- respondent
Smt. Anitha
- respondent
M/S CGR Collateral Management Ltd.
Coram
Case details
As recorded by the court registry
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