Uco Bank v. Lingaraj D
Case brief
What is this about?
The Tribunal allowed the Original Application filed by UCO Bank for recovery of Rs. 56,86,237/- owed by Sri Lingaraj D. and M/S CGR Collateral Management Ltd. The respondents were absent, and the Bank's evidence was accepted, leading to an ordered Recovery Certificate.
What did the court decide?
Original Application allowed with interest and costs; Office directed to issue Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL . I, KARNATAKA
AT BENGALURU
Dated this the 16th day of October, 2023
Present: Sri Imtiaz Ali
Presiding Officer
OA No.32Ol2022
BETWEEN:
UCO BANK
DAVANAGERE BRANCH
At First Floor, Narasarajpet,
H.M. Road, Mandipet, DAVANAGERE,
Karnataka - 577 OOt
Represented by its Manager Sri Bhakti Bhusan Garanayak
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank proved its case as contended in the OA?
What order is to be passed in the OA?
Parties & counsel
- applicant
UCO BANK DAVANAGERE BRANCH
- respondent
SRi LINGARAJ D.
- respondent
M/S CGR COLLATERAL MANAGEMENT LTD.
Coram
Case details
As recorded by the court registry
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