Canara Bank v. Boraiah
Case brief
What is this about?
The Tribunal allowed an application by Canara Bank for issuance of a Recovery Certificate against Sri. Boraiah for an agricultural loan default of approx. Rs 38.38 lakh, reducing interest to 8% due to agricultural purpose.
What did the court decide?
Recovery certificate allowed for Rs. 38,38,842.60 with interest at 8% p.a. (simple) from filing date; costs allowed to applicant.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 29th Day of August, 2025
Present: Sri. T. RAJESH Presiding Officer
OA.No.234/2023
BETWEEN:
Canara Bank, Hassan Main Branch, PO. No. 45, Near Narashimharaja Circle, Malnad House, Hassan H.O, Hassan, Karnataka- 573201, Through its Senior Manager, Mr. Hanumanthappa H.
…APPLICANT
AND:
Sri. Boraiah, S/o. Ammasaiah, Aged about 45 years, R/o, Seege Village, Salagame Hobli, Hassan Dist, Karnataka. ...DEFENDANT
Counsel on record/appeared for:
Applicant : M/s. VS Associates Defendant : Exparte
FINAL ORDER
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendant?
What order are to be passed in the matter?
Parties & counsel
- applicant
Canara Bank, Hassan Main Branch
Coram
T. RAJESH
Case details
As recorded by the court registry
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