Canara Bank v. Muddukrishna
Case brief
What is this about?
The Tribunal allowed the Original Application for issuance of a Recovery Certificate against defendants who defaulted on an agricultural loan. Reduced interest was permitted at 6% per annum.
What did the court decide?
Issuance of Recovery Certificate for Rs. 31,94,344/- with interest at 6% p.a. (simple) until realization, recoverable jointly, severally, and personally from the 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.22/2023
BETWEEN:
Canara Bank Kollegala Branch – 000 795 PB No. 14, Atcham’s Mansion 7-4-34, Southern Extn. Road, Kollegala – 571 440 Chamarajanagar District
Represented by its Chief Manager Sri. D Vijayasekar …APPLICANT
AND:
- Sri. Muddukrishna S/o. Veera Aged about 78 years
- Sri. Maheswara S/o. Muddukrishna Aged about 50 years
- Sri. Magath S/o. Muddukrishna Aged about 45 years
- Sri. Gemini S/o. Muddukrishna Aged about 42 years
- Sri. Mahadewaswamy S/o. Muthu Aged about 58 years
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim against the defendants?
What order is to be passed?
Parties & counsel
- applicant
Canara Bank Kollegala Branch
- respondent
Sri. Muddukrishna
- respondent
Sri. Maheswara
- respondent
Sri. Magath
- respondent
Sri. Gemini
- respondent
Case details
As recorded by the court registry
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