Canara Bank v. Rajat Kanti Das
Case brief
What is this about?
The Debts Recovery Tribunal allowed the ex-parte application filed by Canara Bank for recovery of Rs. 33.50 lakhs with interest against Rajat Kanti Das due to default in home loan repayment.
What did the court decide?
Recovery of Rs. 33,50,896.72 with interest at 11.25% per annum; debarment from disposing of properties; time granted for repayment of 30 days.
What the court decided
J
BEFORE THE DEBTS RECOVERY TRIBUNAL-III KOLKATA PRESENT: -SRI KAMAL DE.
PRESIDING OFFICER.
o.A, No. 7O2 OF 2023'
DATE OF DELIVERY OF ORDER I 2OII2I2O24
Canara Bank is a body Corporate constituted under theBankingCompanies (Acquisition and Transfer of Undertakings) Act, 1970, having its Registered Office at 112, layachamarajendra Road, Bangalore 560002, andhaving amongothers, a branch office at Retail Asset Hub, Jadavpur,having its gffice at 203, SaratBose Road, Police Station- Tollygunge, Kolkata-700029, westBengal,within the jurisdiction of this Ld. Tribunal.
Applicant Bank.
-Versus
- Rajat Kanti Das, son of Paresh Chandra Das, residing at Purba Bishnupur, Post Office- Purba Bishnupur, Police Station- Chakdaha, Pincode-7 41223, District Nadia, West Bengal.
Defendant.
Counsel for the Applacant Bank:-
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the sum claimed from the Defendants under the term loan repayment agreement?
Parties & counsel
- applicant
Canara Bank
Coram
Kamal De
Case details
As recorded by the court registry
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