Uco Bank v. Guruhvac
Case brief
What is this about?
The Tribunal allowed the Original Application filed by UCO Bank for issuance of a Recovery Certificate of Rs. 2.17 crore with interest against partnership firm and individual defendants. The bank proved loan defaults without contestation due to ex parte proceedings.
What did the court decide?
Recovery Certificate for Rs. 2,17,89,595/- with future interest at 10% p.a. simple; recovery from defendants jointly and severally and against schedule properties; costs awarded.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 27th Day of November, 2025
Present: Sri. T. RAJESH Presiding Officer
OA.No.02/2022
BETWEEN:
UCO Bank, Asset Management Branch, First Floor, UCO Bank building, K. G. Road, Bangalore -560009, Rep. by its Assistant General Manager,
…APPLICANT
AND:
- M/s. Guru HVAC,
A partnership firm Rep. by its Managing partners,
Sri. Srinivasa Gowda, No. 881, 2nd Stage, Dr M C Modi, Hospital Road, WOC Road, Mahalakshmipuram, Bengaluru -86.
- Sri. B T Srinivasa Gowda, S/o. Late B Thimmaiah, Residing at No. 813/A, First Main Road, NGO Layout, Vrushabhavathi Nagar, Bangalore -560079.
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the Original Application claim as against the Defendants?
If so, to what extent was the claim due?
Parties & counsel
- applicant
UCO Bank, Asset Management Branch
- respondent
M/s. Guru HVAC
- respondent
Sri. Srinivasa Gowda
- respondent
Sri. B T Srinivasa Gowda
- respondent
Smt. M Anusuya
Case details
As recorded by the court registry
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