Canara Bank v. Mahadevu
Case brief
What is this about?
Debts Recovery Tribunal allowed the applicant bank's application under Section 19 RDB Act for a recovery certificate against defendants who defaulted on an agricultural farm machinery loan, awarded interest at 6% reduced from the agreed rate.
What did the court decide?
Allowed recovery of Rs. 31,31,925/- plus interest at 6% simple p.a. from filing date by proceeding against schedule property and other assets of defendants.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 22nd Day of August, 2025
Present: Sri. T. RAJESH Presiding Officer OA.No.5/2023
BETWEEN:
Canara Bank, Nanjangudu Branch, Priya Complex, M.G. Road, Nanjangudu, Mysore District- 571 301.
Represented by its Sr. Manager & PA Holder, Smt. Saritha K.S. Aged about 38 years, W/o Sreenivasa K.
…APPLICANT
AND:
- Sri. Mahadevu, S/o Late Kariyappa, Aged about 51 Years,
- Sri. Srikanta, S/o Late Kariyappa, Aged about 45 Years,
- Late Siddu, (Reported deceased) (Since deceased represented by his Lr’s- D-1,2,4,5,6 & 7)
- Smt. Rajamma, D/o. Late Kariyappa, Aged about 39 years,
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the original application claim as against the defendants?
What order is to be passed on the application?
Parties & counsel
- applicant
Canara Bank
- respondent
Mahadevu
- respondent
Srikanta
- respondent
Rajamma
- respondent
Nanjamma
- respondent
Case details
As recorded by the court registry
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