Canara Bank v. Manjegowda
Case brief
What is this about?
The Tribunal allowed the applicant bank's Original Application for a Recovery Certificate against the defendant for the outstanding loan amount, setting interest at 6% p.a. simple, in the absence of the defendant.
What did the court decide?
Recovery Certificate issued for Rs.24,91,366/- with interest at 6.00% p.a. (simple) from the date of filing until realization, executable against the defendant personally and schedule properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 29th Day of August, 2025
Present: Sri. T. RAJESH Presiding Officer
OA. No.1037/2023
BETWEEN:
Canara Bank Having its head office at 112, J.C. Road, Bangalore-560002, And one of its branch office called Hassan Main Branch, at NR Pura Road, Hassan City, Hassan Taluk, Hassan District – 573201 Rep. by its Senior Manager Sri. Hanumanthappa H … APPLICANT
AND:
Sri. Manjegowda S/o. Sri. Halagegowda Aged about 76 years, Residing at No.135, Koravangala Village, Dudda Hobli, Hassan Taluk, Hassan District-573118 ...DEFENDANT
Counsel on record/appeared for:
Applicant : Sri. V. Haridas Bhat Defendant : Exparte
OA. No. 1037/2023
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendant in the absence of the defendant?
What order are to be passed regarding the issuance of the Recovery Certificate and interest rate?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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