Canara Bank v. G. Edison
Case brief
What is this about?
The Debt Recovery Tribunal allowed an application filed by Canara Bank for a Recovery Certificate against the defendant. The court found the debt claim proved and un-rebutted, permitting recovery of approximately Rs. 48.92 lakhs with future and pendente lite interest.
What did the court decide?
Issuance of Recovery Certificate for Rs. 48,91,956/- with future and pendente lite interest @ 10% p.a. from filing date till realization.
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.467 of 2022
(Originally filed before DRT-I Chennai as OA No.306 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.467 of 2022)
Canara Bank Rep. by its Senior Manager Karaikadu Branch, Virudhachalam Road Kannarapettai, Cuddalore … Applicant
Versus
G. Edison S/o. Ganasekaran Melveli, Vatharayanthethu Manjakollai Post,, Chindambaram Taluk Cuddalore – 608 601 …Defendant
Counsel for the Applicant Bank : M/s K. Anbarasan Counsel for Defendant : Ex-parte
FINAL ORDER
Issues for consideration
2 issues framed by the court
Whether the applicant had proved the time-barred claim?
What orders are to be passed?
Parties & counsel
- applicant
Canara Bank Rep. by its Senior Manager Karaikadu Branch
Coram
T. RAJESH
Case details
As recorded by the court registry
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