Debts Recovery Tribunal allowed an application seeking a recovery certificate. The court found the applicant's evidence un-rebutted and sufficient to prove the loan default claim for an agricultural facility.
Recovery Certificate issued for Rs.55,89,892/- plus future interest at 6% simple rate from filing date, along with costs.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II, BANGALORE
Dated this 30th Day of October, 2025
PRESENT: SHRI T. RAJESH Hon’ble Presiding Officer
O.A.No.144 of 2022
Canara Bank, Ankali Branch, Mayur Chitra Mandir, Ankali, Chikkodi Taluk, Belgaum Dist., Karnataka – 591 213. Through its Branch Manager, Mr.Sahilesh Namdeoji Rangari. … Applicant.
Vs.
2
ORDER
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obliging to pay back the amount, the defendants failed in compliance of the same and all the efforts of the Applicant to make the defendants pay back the amount failed, forcing the Applicant to file this Application.
ii)If so, to what extent?
Both these issues are gone into and decided together.
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pendent lite and future interest is awarded at simple rate that too at
reduced rate of 6% p.a. (simple).
ii) Applicant is permitted to recover an amount of Rs.55,89,892/(Rupees Fifty Five Lakhs Eighty Nine Thousands Eight Hundred and Ninety Two only) together with interest @6% p.a. (simple) from the date of filing of OA till the date of realization together with costs from the defendants jointly, severally and personally after giving credit to all the amounts recovered and received during the pendency of the OA.
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(Procedure) Rules, 1993.
(Dictated to PS, transcribed by him corrected and pronounced by me in the open Court on this the 30th day of October, 2025)
Sd./- (T. RAJESH) PRESIDING OFFICER
Applicant Witness:
AW1 –Mr.Deepak Magadum, Branch Manager, Applicant Bank.
Exhibits on the part of the Applicant:
Ext A1 - Loan application dt.28.01.2006. Ext.A2 - Memorandum of Agreement for Agricultural Loans dt.30.01.2006. Ext.A3 - Letter of Revivals dt.31.07.2008, 01.07.2011, 28.06.2014, 24.05.2017 and 09.04.2020. Ext.A4 - Legal Notice dt.19.07.2016. Ext.A5 - True Extract of Statement of Accounts pertaining to the Defendant’s Loan Accounts.
Witness Examined for the Defendants:
NIL
List of Documents Exhibited for the Defendants :
NIL
Sd./- (T. RAJESH) PRESIDING OFFICER
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the Defendants?
To what extent is the OA claim supported in view of the evidence proved?
1 provisions across 1 enactments
Canara Bank, Ankali Branch
Sri Ramappa Santram Pujari
Sri Laxman Santram Pujari
Mr. Ningappa Sidling Hasare
T. RAJESH
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
