Canara Bank v. Bangaraswamy H R
Case brief
What is this about?
Debts Recovery Tribunal allowed an application under Section 19 RDB Act for issuance of a recovery certificate against fatal defendants raised exparte. Claim reduced to 6% simple interest.
What did the court decide?
Recovery Certificate issued for Rs. 21,49,769/- with 6% simple interest, recoverable from schedule property and jointly & severally from defendants.
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.9/2023
BETWEEN:
Canara Bank, Nanjangudu Branch, Priya Complex, M.G.S Road, Nanjangudu, Mysore District- 571 301.
Represented by its Manager & PA Holder, Mrs. Tashi Sivi V. Panackal, Aged about 37 years, W/o Jeen P. Xavier.
…APPLICANT
AND:
- Sri. Bangaraswamy H.R. S/o Late Raghupathi Naika, Aged about 54 years.
- Sri. Nagaraju H.R. S/o Late Raghupathi Naika, Aged about 50 years.
Both are residing at: Hallididdi Village, Chatara Hobli, Nanjungud Taluk, Mysore District- 571 301. ...DEFENDANTS
Issues for consideration
3 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendants?
What order is to be passed?
Whether interest awarded for recovery under section 19 RDB Act may be reduced?
Parties & counsel
- applicant
Canara Bank
- respondent
Bangaraswamy H.R.
- respondent
Nagaraju H.R.
Coram
Case details
As recorded by the court registry
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