Canara Bank v. Naresh
Case brief
What is this about?
DRT allowed an Original Application filed under Section 19 RDB Act seeking a Recovery Certificate for Rs.34 lakhs. The court reduced interest to 6% p.a. considering the agricultural purpose and ordered recovery from personal assets and mortgaged properties.
What did the court decide?
Issuance of Recovery Certificate for Rs. 34,30,251/- with 6% p.a. simple interest, recoverable from defendant personally and schedule properties. Cost of proceedings allowed.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 27th Day of November, 2025
Present: Sri. T. RAJESH
Presiding Officer
OA. No.1767/2023
BETWEEN:
Canara Bank Having a branch at Maski, Basavan Gouda building, New Bazaar, Maski, Raichur district – 584124 Rep. by its Manager and Constituted Attorney, Mr. Parashuram L Bharamoji … APPLICANT
AND:
Si. Naresh S/o. Sri. Sadashiva Gouda Aged about 39 years R/o. Hire Kadabur Village, Manvi Taluk, Raichur District
...DEFENDANT
Counsel on record/appeared for:
Applicant : Sri. K. Raveendran Defendant : Exparte
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendant?
What order are to be passed regarding the issuance of recovery certificate?
Parties & counsel
- applicant
Canara Bank
- respondent
Naresh
Coram
T. RAJESH
Case details
As recorded by the court registry
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