Canara Bank v. Gowramma
Case brief
What is this about?
Debts Recovery Tribunal allowed Canara Bank's application for a Recovery Certificate against two defendants who were absent. The Court reduced the claimed interest rate to 8% per annum and directed recovery of the principal, interest, and costs.
What did the court decide?
Recovery Certificate directed for aggregate sum of Rs. 49,94,294.96 with interest at 8.00% p.a. simple from the date of filing OA.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 31st Day of December, 2025
Present: Sri. T. RAJESH Presiding Officer
OA.No.1841/2024
BETWEEN:
Canara Bank, Kudige Branch, Taluk Somwar pet, Dist. Kodagu- 571 232, Through its Senior Manager, Mr. Nidhin M S/o Madhusoodanan K. …APPLICANT
AND:
- Smt. Gowramma, w/o Somanna, Aged about 75 years, Having address at: Shiraholalu, Madalapura Post, Somwarpet Taluk, Dist. Kodagu- 571 232.
- Smt. Vimala, D/o Gowramma, Age: 56 years, Shiraholalu, Madalapura Post, Somwarpet Taluk, Dist. Kodagu- 571 232. ...DEFENDANTS
Counsel on record/appeared for:
Applicant : Venu K V Defendants : EXPARTE
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What order are to be passed in the absence of defendants appearing?
Parties & counsel
- applicant
Canara Bank
- respondent
Smt. Gowramma
- respondent
Smt. Vimala
Coram
Case details
As recorded by the court registry
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