Canara Bank v. Manjunatha M v
Case brief
What is this about?
DRT allowed Original Application for issuance of Recovery Certificate. Tribunal found defendant's case unproven. Reduced interest to 9%. Permits recovery from defendant personally and against schedule assets.
What did the court decide?
Recovery Certificate to be drawn and transferred to Recovery Section for execution. Applicant to file cost memo within 7 days.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 27th Day of November, 2025
Present: Sri. T. RAJESH Presiding Officer
OA.No.1252/2024
BETWEEN:
Canara Bank, Mid Corporate Branch, Maruthi Towers, Ground Floor, SIT Main Gate, Tumkur- 572103, Represented by: Its Officer, Sri. Pavan Krishna B.
…APPLICANT
AND:
Sri. S V Manjunatha, S/o Vasantha Kumar, Proprietor of M/s. Manjunatha Enterprises, Registered office at: No. 474, Yamuna Road, Ward No. 72, 8th Block, SMV Layout, Herohalli, Bengaluru- 560091.
No.7, 3rd Cross, Shanrappa Layout BEMI, 5th Stage, RR Nagar Bangalore- 560098.
Also at: No. 1483, G Floor, 20th Main, D Group Layout, Bangalore- 560091.
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendant?
What order are to be passed regarding the issuance of Recovery Certificate?
Parties & counsel
- applicant
Canara Bank, Mid Corporate Branch
- respondent
Sri. S V Manjunatha
Coram
T. RAJESH
Case details
As recorded by the court registry
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