Canara Bank v. Mr. P Gopal Reddy
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application for recovery of dues from two defendants who remained absent. The court directed payment of the claim secured by a mortgage and issued a recovery certificate.
What did the court decide?
Defendants held fully liable; to pay OA claim secured by mortgage of properties; issue Recovery Certificate; direct Applicant Bank to file Cost Memo.