Canara Bank v. Prema
Case brief
What is this about?
The Debts Recovery Tribunal allowed an Original Application filed by Canara Bank seeking a Recovery Certificate. The defendants appeared ex parte. The Tribunal confirmed the default on agricultural loans and granted a certificate for the principal amount with reduced interest at 6% per annum.
What did the court decide?
Recovery Certificate allowed for Rs.32,99,100/- with interest at 6% p.a. (simple) from filing date. Recovery proceedings allowed against schedule property and personal assets.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II,
BENGALURU
Dated this 29th Day of August, 2025
Present: Sri. T. RAJESH
Presiding Officer OA.No.1294/2023
BETWEEN:
Canara Bank Hassan Main-I P.O. No.45, Near Narasimharaja Circle, Malnad House, Hassan- 573201
…APPLICANT
AND:
- Smt. Prema W/o Late Ramachandregowda
- Sri. Vijay Kumar S/o Late Ramachandregowda
Both 1 & 2 are R/at Tkalyanapura Village, Madihalli Hobli, Belur Taluk, Hassan District-573201
Issues for consideration
2 issues framed by the court
Whether the applicant successfully proved the claim against the defendants as they appeared ex parte?
What order should be passed regarding the issuance of a Recovery Certificate and interest rate?
Parties & counsel
- applicant
Canara Bank Hassan Main-I
- respondent
Smt. Prema W/o Late Ramachandregowda
- respondent
Sri. Vijay Kumar S/o Late Ramachandregowda
- respondent
Smt. Chaithra D/o Late Ramachandregowda
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court