Canara Bank v. Fathimabi
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application under Section 19 of the RDB Act to recover principal and interest totaling Rs. 42,55,714. The court observed the claim was within the limitation period and unchallenged due to the defendants' absence.
What did the court decide?
Recovery of Rs. 42,55,714 plus interest at 16.25% per annum with liberty to recover via sale of schedule properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 1st Day of January, 2024
Present: SMT. S. V. GOWRAMMA Hon’ble Presiding Officer
OA No.806/2020
BETWEEN: Canara Bank
Nanjungudu Branch Priya Complex, M.G. Road Nanjungudu, Mysore District 571 301
Represented by its Senior Manager and PA Holder Smt. Saritha K.S.
.. APPLICANT
AND:
- Smt. Fathimabi
Aged about 79 years
- W/o. Late Abdul Haq Sab
Issues for consideration
2 issues framed by the court
Whether the Original Application filed under Section 19 of the RDB Act for recovery of loan dues is maintainable within the period of limitation.
Whether the Tribunal can proceed ex parte due to the non-appearance of the defendants.
Parties & counsel
- applicant
Canara Bank
- respondent
Smt. Fathimabi
- respondent
Sri Noorulla
- respondent
Sri Mujeeb
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court