Canara Bank v. Sri Balla
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Bank's OA for recovery of two agricultural loans aggregating Rs.22,86,082.50 with interest. The Tribunal confirmed the Bank's right to proceed against mortgaged and hypothecated assets.
What did the court decide?
Recovery of Rs.22,86,082.50 including principal and interest; permission to proceed against mortgaged/hypothecated assets and defendant's properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD
DATED THIS THE 3RD DAY OF JULY' 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.1O7 ol 2024
Between:
Canara Bank, Shivajinagar branch, KotagallyMunnuruKapu Sangam, Beside Hanuman Temple, New MPL No.3-4-198 & 3-7-733, Kotagally, Maisammaveedi, Varni road, Nizamabad, Telangana -503 001. Rep by its authorized officer
Applicant
VERSUS
Sri Balla, S/o Madaya @ Madhya, Aged about 47 years, occ: business Male, R/o H.No.2-8611, Chadmal Thanda, Chadmal village, Gandhari Mandal, Nizamabad district, Telangana - 503 114. Defendant
Counsel for the Parties:
For the Applicant Smt Tarangini Pisipati For the Defendantthe DefendantDefendant Exparte
For the Defendantthe DefendantDefendant Exparte 1, The Applicant Ebnk fi t OA against Defendant for recovery of 082.sops (Rupees Twenty
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant as prayed for?
Parties & counsel
- applicant
Canara Bank, Shivajinagar branch
- respondent
Sri Balla
Coram
Gummadigopichand
Case details
As recorded by the court registry
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