Canara Bank v. Mr. v.Uoomadurai
Case brief
What is this about?
DRT-II, Chennai allowed a transfer application filed by Canara Bank to recover an agricultural loan of approximately Rs. 70.87 lakhs from borrowers and guarantors, permitting recovery of dues with reduced interest.
What did the court decide?
Recovery of Rs. 70,87,63/- plus future and pendentelite interest @8% simple from the date of filing; sale of schedule properties; issuance of Recovery Certificate.
What the court decided
IN THE DEBT RECOVERY TRIBUNAL-II, CHENNAI
Dated this 30th day of November, 2023
PRESENT : SHRI T.RAJESH PRESIDING OFFICER
TA.No.289 OF 2022
(Old OA No.22/2022 DRT-I, Chennai)
CANARA BANK, IFSC- CNRB0001221 THANJAVUR MAIN BRANCH Represented by its Chief Manager (Erstwhile Syndicate Bank) No. 1783, South Main Street, Opposite to Rajarajan Clinic Thanjavur-613009 Thanjavur District.
… APPLICANT
Vs.
- Mr. V.UOOMADURAI, S/o. Shri Vadivel, No.1/51,South Street, Shenbagapuram Village& (P.O) Papanasam Taluk, Thanjavur District-613501
- Mr. SWAMINATHAN, S/o. Shri Gopalasamy No.1/44-A,Kudiyan Street, Shenbagapuram Village& (P.O) Papanasam Taluk, Thanjavur District-613502.
- Mr. V.ELANGOVAN, S/o.Shri Vadivel, No.1/51, South Street, Shenbagapuram Village& (P.O) Papanasam Taluk, Thanjavur District-613501.
Parties & counsel
- applicant
CANARA BANK
- respondent
Mr. V.UOOMADURAI
- respondent
Mr. SWAMINATHAN
- respondent
Mr. V.ELANGOVAN
- respondent
Mrs. E.LOGANAYAGI
Case details
As recorded by the court registry
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