Canara Bank v. Manjula
Case brief
What is this about?
The Recovery Tribunal allowed the Original Application filed by Canara Bank for recovery of Rs. 40,39,112.18 along with interest from the defendants in default of a vehicle loan. The case was heard ex-parte as the defendants did not appear.
What did the court decide?
Recovery of Rs. 40,39,112.18 with further interest and penal interest; liberty to sell defendants' assets for balance recovery; issuance of Recovery Certificate.
What the court decided
O.A. No. 171 of 2022
13.06.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 13th day of June, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 171 of 2022
CANARA BANK, Rep. by its Branch Manager, No.541/108, Hospital Road, Ethraj Nagar, Ariyalur, Tamil Nadu – 621 704. ….Applicant
-Vs-
- L. Manjula,
- Wife of Lakshmanan,
No.347, Melatheru,
Issues for consideration
2 issues framed by the court
Whether the debtor defaulted on the vehicle loan and is liable for recovery of the dues.
Whether the Tribunal is entitled to allow the Original Application for recovery of the debt.
Parties & counsel
- applicant
Canara Bank
- respondent
L. Manjula
- respondent
Lakshmanan
Coram
Case details
As recorded by the court registry
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