Canara Bank v. v. Ranganathan
Case brief
What is this about?
The Tribunal allowed the recovery application filed by Canara Bank. It found the un-rebutted evidence sufficient to prove the claim and ordered the issuance of a Recovery Certificate for the outstanding agricultural loan amount with future interest.
What did the court decide?
Recovery Certificate issued for Rs. 30,27,293/- with 8% future and pendente lite interest from filing till realization, recoverable from defendant personally and via asset foreclosure.
What the court decided
BEFORE THE DEBTS RECOVERY TRIBUNAL –II AT CHENNAI
Dated this 26th day of March, 2024
PRESENT: SHRI T. RAJESH
PRESIDING OFFICER
TA No. 29 of 2022
(Originally filed before DRT-I Chennai as OA No.268 of 2020 and thereafter transferred to this Tribunal and renumbered as TA No.29 of 2022)
Canara Bank 21/6, 1st Floor, Chennai-Trichy Trunk Road Villupuram-605602, Rep. by its Senior Manager V.Kirubasankar … Applicant
Versus
V. Ranganathan S/o. Veerabadra Achari Melvalai Village and Post Thirukkoilur Taluk Villupuram District …Defendant
Counsel for the Applicant Bank : M/s S.R. Sumathy Counsel for Defendants : Ex-parte
FINAL ORDER
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the Tune And Transfer/Offer claim?
What orders are to be passed in the case of an un-rebutted application?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · A. Sivasubramanian
- Order 2 — this page · T. Rajesh
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