Canara Bank v. Sri S. Hoysala
Case brief
What is this about?
The Debt Recovery Tribunal upheld the Bank's claim for recovery of a farm development loan defaulting amounting to Rs.39,06,265/- with interest, allowing the sale of mortgaged and personal assets for realization.
What did the court decide?
Allowed the OA allowing recovery of Rs.39,06,265/- plus interest @12.30% p.a. and overdue interest @2%, permitting sale of mortgaged and personal assets.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 22nd Day of December, 2023
Present: SMT. S. V. GOWRAMMA Hon`ble Presiding Officer
OA. No.749/2021
BETWEEN:
Canara Bank Main Branch Sira, Sira Taluk-572137, Tumakuru District. Represented by its Chief Manager, Sri. Dasharatham K.
… APPLICANT
AND:.
Sri. S. Hoysala S/o K. Shivalingappa, Aged about 33 years, R/at. Hariyabbe Village, Dharmpura Hobli, Hiriyur Taluk, Chitradurga District-577546. ... DEFENDANT
Counsel on record/appeared for:
Applicant : Sri. Mohamed Afroze Ahamed Defendant : Exparte
Issues for consideration
1 issue framed by the court
Whether the Defendant is liable to repay the outstanding loan amount and accrued interest.
Parties & counsel
- applicant
Canara Bank Main Branch Sira
Coram
Smt. S. V. Gowramma
Case details
As recorded by the court registry
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