Canara Bank v. Mr. Piwal Raj Kiran
Case brief
What is this about?
Debts Recovery Tribunal allowed the settlement stating applicant bank possessed the claim against the defendant for the NPA classified loan sum.
What did the court decide?
The Defendant is directed to pay Rs. 20,95,465.40 with interest @ 11.40% p.a from 03.04.2025. Applicant Bank to proceed against hypothecated vehicle for debt realization.
What the court decided
IN THE DEBTS RECOVERYTRIBUNAL-I AT HYDERABAD
DATED THIS THE 1OTH DAY OF JULY'2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING oFFICER OA,No.14O ot 2025
Between:
Canara Bank, Branch office at MJ Market, Tuljaguda complex, APHB building, Mojamjahi Market, Hyderabad - 500 001. Represented by its Authorised officer
Applicant
VERSUS
Mr. Piwal Raj Kiran, S/o Piwal Jagadish, aged about 36 years, occ: business, male, r/o H.No.6-249, Bombay Hotel, Nehru nagar, Gagularamaram, Qutubullapur,Medchal - Malkajgiri district - 500 055.
Defendant
Counsel for the Parties:
For the Applicant
For the Defendant
Issues for consideration
3 issues framed by the court
Adhere to paragraph character limit: 'Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant as prayed for?'
Whether the Defendant is liable to pay the claimed sum with future interest and costs.
Whether the Applicant Bank is entitled to proceed against the hypothecated vehicle for realization of debt.
Parties & counsel
- applicant
Canara Bank
- respondent
Mr. Piwal Raj Kiran
Coram
SRI GUMMADI GOPICHAND
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court