Indian Bank v. G S Charan
Case brief
What is this about?
The Tribunal allowed the bank's Original Application for a Recovery Certificate against an absent defendant for a home loan default, awarding simple interest and permitting recovery from personal and mortgaged assets.
What did the court decide?
Issuance of Recovery Certificate for Rs. 80,18,891.31 plus simple interest at 7.40% p.a., recoverable from defendant personally and schedule properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 25th Day of November, 2025
Present: Sri. T. RAJESH Presiding Officer OA.No.422/2023
BETWEEN:
Indian Bank, (Erstwhile Allahabad Bank), Sam Branch, No.10, K.G. Road, Bangalore -560009, Rep. by its chief manager,
…APPLICANT
AND:
Sri. G. S. Charan, S/o. Shanth G, No.306/1, 2nd Floor, 6th Cross, Near Sarala Devi School, Jayanagar 1st Block, Bangalore -560011.
...DEFENDANT
Counsel on record/appeared for:
Applicant : Sri. K. R. Parashuram Defendant : Exparte
FINAL ORDER
Issues for consideration
3 issues framed by the court
Whether the Applicant bank succeeded in proving the OA claim against the Defendant?
Whether interest rate needs to be modified regarding monthly rests and penal interest?
What relief is to be granted to the Applicant bank vis-à-vis the Defendant?
Parties & counsel
- applicant
Indian Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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