Canara Bank v. Mr. M. Vivek
Case brief
What is this about?
The Debt Recovery Tribunal allowed an Original Application filed by Canara Bank for recovery of an education loan amounting to Rs. 27,41,772.65 with interest from two respondents including a student and business owner, along with a guarantor, on default.
What did the court decide?
Defendants to pay Rs. 27,41,772.65 with interest at 10.25% p.a. and costs; recovery certificate issued against mortgaged and personal properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE 5TH DAY OF JANUARY' 2024
PRESENT: SRI GUMMADI GoPIcHAND, PRESIDING oFFICER
OA.No.12 ot 2022
Between:
Canara Bank, Madikonda Branch, Warangal, TS. Represented by its GpA Holder
Applicant
VERSUS
- Mr. M. Vivek, S/o M. Surender (Borrower/ Student) lry.a 7Zyears, occ: student, H.No.9-6-19, Mandi Bazaar, Warangal 506 OO2.
- Mr. M. Surender, s/o Jr4. Venkata Narayana (parent) aged 52 years, occ: business, H.No.9-6-19, Mandi Bazaar, Warangal - 506 002.
- Sri B. Srinivas, S/o B. Balaiah (guarantor) lS.9O 9eyears, occ: business, H. No.3-2l1, parvathagiri, Warangal - 506 365.
Defendants
Counsel for the parties:
For the Applicant
Faheemullah
For the Defendants
E*ilart{
i-_t ...s
:.i,,r.:. .'r:: .iJ.-.
;,-.-_r . ,,-l:Y
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants as prayed for?
Parties & counsel
- applicant
Canara Bank
- respondent
Mr. M. Vivek
- respondent
Mr. M. Surender
- respondent
Sri B. Srinivas
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court