M/s.Canara Bank v. Mr.Devanand
Case brief
What is this about?
The Debt Recovery Tribunal allowed the application filed by Canara Bank to recover Rs.43,31,346.31 along with interest from the defendant Mr. Devanand who remained in absentia.
What did the court decide?
Recovery of Rs.43,31,346.31 with interest @9.6% p.a. from date of filing; 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.789 OF 2022
(Old OA.No.254/2021–DRT-I, Chennai)
M/s.Canara Bank, Arumbakkam Branch, 41/49, Main Road, Janakiraman Colony, Arumbakkam, Chennai – 600 106. Rep. by its Branch Manager, IFSC Code:CNRB0016044. … APPLICANT.
Vs.
Mr.Devanand, S/o.Gopal, Proprietor of M/s.Splendour Solutions, (As proprietor and individual), No.6, B3 Block, SAFGAMES Village, Koyambedu, Chennai – 600 106. PAN No.BDIPD2730B. … DEFENDANT. Counsel for Applicant : M/s.V.Jayanandakumar. Defendant : Exparte. ……
ORDER
- The above Transfer Application is filed under section 19 of the
Recovery of Debt and Bankruptcy Act seeking recovery of Rs.43,31,346.31 with further interest from the date of filing of the TA
1
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the original application claim?
What orders are to be passed regarding the recovery of the amount?
Parties & counsel
- applicant
M/s.Canara Bank, Arumbakkam Branch
- respondent
Mr.Devanand
Coram
SHRI T.RAJESH
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court