Canara Bank v. Megha Bose
Case brief
What is this about?
The Tribunal allowed the Applicant Bank's Original Application filed against absent defendants for recovery of a term loan of Rs. 29,19,871.20 with interest and costs, passing a decree based on ex parte proceedings.
What did the court decide?
Decree for recovery of Rs. 29,19,871.20 plus interest; bar on disposal of assets; 30-day repayment period; direction to issue Recovery Certificate.
What the court decided
BEFORE THE DEBTS RECOVERY TRIBUNAL.III KOLKATA PRESENT: -SRI KAMAL DE.
PRESIDING OFFICER.
O.A, No. 5S0 OF 2023.
DATE OF DELIVERY OF ORDER | 26/O6/2O2a
Canaia Bank is a body Corporate constituted under the Banking Compantes (Acquisition and Transfer of Undertakings) Act, 1970, havjng its Head Offi." ut trz, J.C. Road, Bengaluru-560002, and having among others, a branch office at Sat ake City Branch, B8-24, Saltlake, Sector-1, p.S- Bidhannagar North, Kolkata-/00064, within the jurisdiction of this Ld. Tribunal.
Applicant 8ank.
-Versus-
- Ms. l4e9ha Bose, Daughter of Arabinda 8ose, at Paschrmpanshita, KhdrdaI,
- Panihati (M), North 24 parganas, Kotkata, West Bengal-700122.
l
Defendant.
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled to the claim made in the O.A. against the Defendants?
Whether the debt is determinable given the Defendant's absence and submitted evidence?
Parties & counsel
- applicant
Canara Bank
- respondent
Megha Bose
Coram
Kamal De
Case details
As recorded by the court registry
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