Canara Bank v. Adimurthy
Case brief
What is this about?
The Debts Recovery Tribunal allowed a recovery certificate application under Section 19 of the RBI Act 1993 for an agricultural loan default, setting interest at a reduced rate of 6% p.a. and permitting recovery against joint and several liable defendants.
What did the court decide?
Issue of Recovery Certificate for principal and reduced interest against joint and several liability of defendants, with right to proceed against scheduled mortgaged properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 18th Day of December, 2025
Present: Sri. T. RAJESH Presiding Officer OA.No.1382/2024
BETWEEN:
Canara Bank Head office at: 112, JC road, Bangalore
Branch office at:
Aavathi, Devanahalli Taluk, Bengaluru Rural District – 562 164
Represented by Chief Manager & Constituted attorney Mr. Chouta Gangadhara Rao …APPLICANT
AND:
- Adimurthy S/o. late Anjinappa Aged about 66 years Resident of Jilajiralu Village, Golur Hobali, Bagepalli Taluk, Chikkaballapura District – 562 105 Karnataka
- G Mahesh Kumar S/o. Adimurthy Aged about 36 years Resident of Jilajiralu Village, Golur Hobali, Bagepalli Taluk, Chikkaballapura District – 562 105 Karnataka ...DEFENDANTS
Issues for consideration
1 issue framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
Parties & counsel
- applicant
Canara Bank
- respondent
Adimurthy S/o. late Anjinappa
- respondent
G Mahesh Kumar S/o. Adimurthy
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court