Canara Bank v. D. Murugan
Case brief
What is this about?
The Tribunal allowed the applicant bank's application for issuance of a Recovery Certificate against the defendant for a principal amount of Rs. 21,38,601/- with interest at 9% p.a., finding the claim proved beyond rebuttal.
What did the court decide?
Issued a Recovery Certificate to the recovery officer to enable recovery of Rs. 21,38,601/- plus 9% p.a. simple interest from the defendant personally and against his assets.
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.799 of 2023
(Originally filed before DRT-I Chennai as OA No.303 of 2021 and thereafter transferred to this Tribunal and renumbered as TA No.799 of 2023)
Canara Bank Rep. by its Senior Manager Karaikadu Branch, Virudhachalam Road, Kannarapettai Cuddalore District … Applicant
Versus
D. Murugan S/o. Desingu 82, Malayan Street, Sammattikuppam Kurunjippam,Kurunjipadi Cuddalore District-607301 …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 transferable advance (TA) claim?
What orders are to be passed regarding issuance of recovery certificate?
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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