Canara Bank v. Susheelamma
Case brief
What is this about?
Debts Recovery Tribunal allowed Canara Bank's application for issuance of Recovery Certificate against four legal heirs of a deceased guarantor, confirming liability for the term loan and associated interest based on uncontroverted evidence.
What did the court decide?
Issuance of Recovery Certificate for Rs.56,70,205/- with 14.30% p.a. interest against respondents jointly, severally, personally, and over scheduled property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 19th Day of June, 2025
Present: Sri. T. RAJESH Presiding Officer
OA. No.138/2022
BETWEEN:
Canara Bank Having head office at No.112, J.C. Road, Bangalore – 560002 And one of its branch office called Dasarahosahalli Branch, at Dasarahosahalli – 563115, Bangarpet Taluk, Kolar District Rep. by its Senior Manager Sri. Ujjwal Krishna
… APPLICANT
AND:
- Smt. Susheelamma W/o. Late K. Govindappa Aged about 53 years, Proprietrix of M/s. SVB Industry, Having her place of business at No.3 S.G. Kote, KGF Main Road, Bangarpet, Kolar District-563114 And residing at Door No.12, S.G. Kote Village, Bangarpet/KGF Taluk, Kolar Disrtrict-563114
- Sri. Arun Kumar S/o. Late K. Govindappa Aged about 29 years, Residing at Door No.12, S.G. Kote Village, Bangarpet/KGF Taluk, Kolar District – 563114
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What order are to be passed?
Parties & counsel
- applicant
Canara Bank
- respondent
Smt. Susheelamma
- respondent
Sri. Arun Kumar
- respondent
Mrs. Deepa G
- respondent
Ms. Ramya. G D/o. Late K. Govindappa
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court