Canara Bank v. M/s R C Traders
Case brief
What is this about?
The Debts Recovery Tribunal, Patna allowed the bank's application under Section 19, determined the debt of Rs.41,25,815.09 plus interest, and issued a Recovery Certificate against the defaulting borrowers.
What did the court decide?
The debt of Rs.41,25,815.09 with interest at 13.25% p.a. was determined, and a Recovery Certificate was issued for realization of the dues.
What the court decided
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DRT.PATNA
OA 178of20231.11
Debts Recovery Tribunal, Patna Karpuri Thakur Sadan, Aashiana Digha Road Poloo·800025
Presiding Officer : Shri Kaushalendra Yadav
OA Case No. 178 of 2023
Canara Bank, branch at Guthani, Near Bus Stand. P.O.- Guthani, P.S.Guthani, District- Siwan- 84I435
....... Applicant
Vs.
- I. Mis R.C. Traders. at Barpalia. P.O.- Guthani. P.S.- Guthani. District841435, a proprietorship concern through its proprietor .Jay Prakash Choudhary, Sio Ravindra Choudhary.
- Jay Prakash Choudhary. Sio Ravindra Choudhary, Rio village- Sellor. P.O.P.O.Guthani, P.S.Guthani, District841435. PAN NO.AMOPC4086E
Issues for consideration
3 issues framed by the court
Whether the Debts Recovery Tribunal had jurisdiction to try the application.
Whether the application was filed within the limitation period.
Whether the debt and interest claimed were admissible in evidence as proved.
Parties & counsel
- applicant
Canara Bank
Coram
Kaushalendra Yadav
Case details
As recorded by the court registry
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