Canara Bank v. K Sambaiah
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's original application for recovery of an outstanding term loan amount of Rs. 29,50,212.49 with interest and costs against the ex-parte defendant.
What did the court decide?
Ordered the defendant to pay Rs. 29,50,212.49 with interest, confirmed security via hypothecation, authorized proceedings against person/properties for realization, and awarded costs.
What the court decided
IN THE DEBTSRECOVERYTRIBUNAL'IIAT HYDERABAD DATED THISTHE Ogth DAY OF JANUARY,2025
PRESENT: SH.RAMESHWAR KOTHE,B.COM.,L.LB. (HONS.), M.A. PRESIDINGOFFICER
ORIGINAL APPLICATIONNO: 243 OF 2023
Canara Bank, AnanthapuramuMainBranch, D.No.12l3/50, SaiEnclaveApartment, Sai Nagar, 3'dcross, Ananthapuramu, Andhra Pradesh. Rep by its chief Manager'
Applicant'
Versus
K.Sambaiah, S/o.K.KrishnaI\4urthy, Aged about lvlajor,lYale,B-17, lndustrial Estate, Bellary Road, Anantapur, Andhra Pradesh -515004.
Also at:-
D. No.403, Comfort Residency, Ram Naga r, Ana ntapur, ...Defendant Andhra Pradesh - 515004.
: M/s.AIluri Krishnam Raju Counsel for the Applicant
Defendant
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendant regarding hypothecated assets?
Parties & counsel
- applicant
Canara Bank, Ananthapuramu Main Branch
- respondent
K. Sambaiah
Coram
Rameshwar Kothé
Case details
As recorded by the court registry
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