Canara Bank v. Nanjaiah
Case brief
What is this about?
The recovery tribunal allowed an original application for a recovery certificate against defendants who defaulted on a farm machinery loan, granting reduced interest due to agricultural purpose.
What did the court decide?
Issued recovery certificate for Rs. 28,51,889/- with interest at 6.00% simple p.a. from filing date, recoverable jointly and severally from defendants via schedule property.
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.1232/2023
BETWEEN:
Canara Bank, Hassan Main-I, P.O. No. 45, Near Narasimharaja Circle, Malnad House, Hassan- 573201, Represented By: Its Senior Manager, Hanumanthappa H.
…APPLICANT
AND:
- Sri. Nanjaiah, S/o Bhoothaiah, Aged about 58 years.
- Sri. Rangaiah, S/o Javaraiah, Aged about 60 years.
Both are R/at: Koravangala Kavalu Village, Dudda Hobli, Hassan Taluk & District 573201. ...DEFENDANTS
Counsel on record/appeared for:
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim against the defendants?
What order are to be passed?
Parties & counsel
- applicant
Canara Bank, Hassan Main-I
Coram
T. RAJESH
Case details
As recorded by the court registry
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