Canara Bank v. v S Nagappa
Case brief
What is this about?
The Debts Recovery Tribunal allowed an application for a recovery certificate filed by Canara Bank against respondents for a farm loan default, fixing interest at 6% simple due to agricultural use.
What did the court decide?
Recovery certificate issued for Rs. 67,65,808/- with 6% simple interest on defendants jointly, severally and personally, executable against schedule properties.
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.36/2023
BETWEEN:
Canara Bank, Nanjungudu Branch, Priya Complex, M.G. Road, Nanjangudu, Mysore District- 571 301.
Represented by its Sr. Manager & PA Holder, Smt. Saritha K.S, Aged about 38 years, W/o Sreenivasa K.
…APPLICANT
AND:
- Sri. V.S. Nagappa, S/o Late Subbappa, Aged about 64 years.
- Sri. Rajshekar Murthy, S/o Late Subbappa, Aged about 56 years.
- Smt. Ningamma, Deceased- Represented by her Lr’s -Defendant No. 1 & 2)
D1 & D2 are residing at: Voddagere Village, Gundlupet Taluk,
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendants?
What order are to be passed upon allowance of the application?
Parties & counsel
- applicant
Canara Bank, Nanjungudu Branch
- respondent
V.S. Nagappa
- respondent
Rajshekar Murthy
- respondent
Ningamma
Coram
Case details
As recorded by the court registry
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