Canara Bank v. Smt.Buddamma
Case brief
What is this about?
Debts Recovery Tribunal in Bengaluru allowed the application of Canara Bank for issuance of a recovery certificate. The court held the defendants' defaulted loan is proved and decreed recovery of principal, interest at 8% p.a., and costs.
What did the court decide?
Recovery certificate issued for Rs. 44,98,991/- plus interest at 8% p.a. (simple). Defendants jointly and severally liable. Execution against schedule properties or other assets if sale proceeds are i
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 19th Day of June, 2025
Present: Sri. T. RAJESH Presiding Officer OA. No. 326/2023
BETWEEN:
Canara Bank, Chandramoulishwar Circle, Lingasugur Road, Raichur District, Raichur -585101 Rep. by its Chief Manager
…APPLICANT
AND:
- Smt. Buddamma, W/o. Sri. Eranna, Residing at: Kalwaladoddi, Athkur Village, Raichur Taluk, Raichur District.
- Sri. Satyappa, S/o. Sri. Eranna, Kalwaladoddi, Athkur Village, Raichur Taluk, Raichur District.
...DEFENDANTS
Counsel on record/appeared for:
Applicant : Guru Associates Defendants : Exparte
Issues for consideration
3 issues framed by the court
Whether the applicant succeeded in proving the OA claim against the defendants?
Whether the claimed amount and interest were within limitation and admissible?
Whether the recovery certificate should be issued allowing realization against defendants and schedule properties?
Parties & counsel
- applicant
Canara Bank
- respondent
Smt. Buddamma
- respondent
Sri. Satyappa
Coram
Case details
As recorded by the court registry
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