Canara Bank v. Mr.M.Jothi
Case brief
What is this about?
The tribunal allowed a recovery application filed by Canara Bank against two defendants for a farm machinery loan. Evidence was accepted as unrebutted, and a recovery certificate was issued with award of interest.
What did the court decide?
Issuance of Recovery Certificate for Rs.13,64,558/- plus interest at 8% p.a. to be recovered from defendants jointly, severally, and personally including from sale of hypothecated vehicle and schedule
What the court decided
IN THE DEBT RECOVERY TRIBUNAL –II CHENNAI
Dated this 27th day of March, 2024
PRESENT: SHRI T.RAJESH PRESIDING OFFICER
TA.No.282 of 2022
(Old OA.No.212/2020 - DRT-I, Chennai)
Canara Bank, Mangalur Branch, Represented by its Manager, No.374/23, Middle Street, Mangalur, Cuddalore District. … Applicant.
Vs.
- Mr.M.Jothi, S/o.Shri Muthu Kumar, Pathangi Village, Kaikalathur Post, Veppanthattai Taluk, Perambalur District – 621 117.
- Mrs.J.Manimehalai, W/o.Mr.M.Jothi, Pathangi Village, Kaikalathur Post, Veppanthattai Taluk, Perambalur District – 621 117. … Defendants. Counsel for Applicant : Mr.M.Muthukumaran. Defendants : Exparte. ……
ORDER
- The Application is filed Under Section 19 (1) of the Recovery of Debts
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the recovery claim under Section 19(1) of the RDB Act?
What orders are to be passed on a proved recovery claim involving agricultural loan?
Parties & counsel
- applicant
Canara Bank, Mangalur Branch
- respondent
Mr.M.Jothi
- respondent
Mrs.J.Manimehalai
Coram
Case details
As recorded by the court registry
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