Canara Bank v. Gururaj
Case brief
What is this about?
Debt Recovery Tribunal allowed an original application filed by Canara Bank seeking a Recovery Certificate against legal heirs of a deceased borrower. The court reduced the interest rate to 6% simple, permitting recovery against inherited estate and secured properties.
What did the court decide?
Recovery Certificate allowed for Rs. 29,13,936.86 plus 6% simple interest; claim to be recovered from defendants' inherited estate or schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 25th Day of November, 2025
Present: Sri. T. RAJESH
Presiding Officer
OA. No.1422/2023
BETWEEN:
Canara bank Head office at: 112, JC road, Bangalore
Branches at:
Karehalli Branch, Tiptur Road, Channarayapatna Taluk, Hassan district – 573 131
Rep: By Its Senior Manager, Mr. Bindukumar N …APPLICANT
AND:
- Mr. Gururaj S/o. late Thimmaiah @ Thimmabovi Aged about 50 years
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendants?
What orders are to be passed?
Parties & counsel
- applicant
Canara bank
- respondent
Mr. Gururaj S/o. late Thimmaiah
- respondent
Mr. Veeresh S/o. late Thimmaiah
- respondent
Mrs. Thimmamma W/o. late Thimmaiah
Coram
Case details
As recorded by the court registry
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