Canara Bank v. Sheela
Case brief
What is this about?
The Debt Recovery Tribunal allowed an application filed by Canara Bank for recovery from three borrowers who defaulted on a housing term loan. The court ruled in favor of the bank and authorized the sale of mortgaged property.
What did the court decide?
Defendants ordered to pay Rs.39,35,159/- plus interest; mortgaged property authorized for sale; Recovery Certificate issued.
What the court decided
| Presented on | : 10.01.2022 |
|---|---|
| Registered on | : 04.06.2022 |
| Decided on | : 20.12.2023 |
| Duration | : Y M D |
| 01 11 10 |
IN THE DEBTS RECOVERY TRIBUNAL AT PUNE (Before Shri Dilip G Murumkar, Presiding Officer) ORIGINAL APPLICATION No. 486/2022.
Canara Bank,
A body corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1980 and having its head office at 112 JC Road, Bangalore in the State of Karnataka and branch at Shubham Arcade, Ram Mandir Chowk, Sangli 416416, Taluka Miraj, District Sangli.
.. Applicant
Versus
- 1 Mrs. Sheela Pramod Kumbhar,
- Age 30 years, Occ. : Business,
- 2 Mr. Pramod Suresh Kumbhar,
- Age 36 years, Occ. : Business,
Issues for consideration
2 issues framed by the court
Whether the bank was entitled to recover the outstanding loan amount and interest from the defaulting borrowers.
Whether the mortgage property could be sold to recover the dues.
Parties & counsel
- applicant
Canara Bank
- respondent
Mrs. Sheela Pramod Kumbhar
- respondent
Mr. Pramod Suresh Kumbhar
- respondent
Mr. Vinod Suresh Kumbhar
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Dilip G Murumkar
- Order 2 — this page · Dilip G Murumkar
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