Uco Bank v. H Ramesha
Case brief
What is this about?
DRT allowed Original Application filed by UCO Bank against borrower and guarantor for recovery of Rs.56,74,277/-. In ex parte proceedings, Court held bank's evidence proved and Issue allowed with interest and costs.
What did the court decide?
Order allowed with interest and costs. Bank permitted to file calculation and issue Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL- I,KARNATAKA
AT BENGALURU
Dated this the 17th dayof october, 2023
Present: Sri Imtiaz Ali
Presiding Officer
OA No.302l2O22
BETWEEN:
UCO BANK
DAVANAGERE BRANCH
At First Floor, NarasarajPet,
H.M. Road, Mandipet,
DAVANAGERE ,
Karnataka - 577OOI
Represented bY itslvlanager Sri Bhakti Bhusan Garanayak
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank proved its case and was entitled to recovery of the outstanding loan dues?
What order is appropriate in the instant OA?
Parties & counsel
- applicant
UCO BANK
- respondent
Sri H. Ramesha
- respondent
M/S CGR COLLATERAL MANAGEMENT LTD
Coram
Case details
As recorded by the court registry
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