Canara Bank v. Raman Kumar
Case brief
What is this about?
The Debts Recovery Tribunal, Patna, allowed an application by Canara Bank to recover a loan of Rs. 27,27,064/- from the defendants, who were unsuccessful borrowers and their legal representatives, following ex-parte proceedings.
What did the court decide?
Joint and several recovery of Rs. 27,27,064/- with interest and costs declared; mortgaged assets attached; Recovery Certificate issued to Recovery Officer.
What the court decided
1
OA 43 of20231JI
DRT, PATN A
Debts Recovery Tribunal, Patna
Karpuri Thakur Sadan, Aashiana Digha Road Patna-800025
Presiding Officer : Shri Kaushalendra Yadav
OA Case No. 43 of 2023
Canara Bank Branch at Bhagalpur, M. G. Road, Opposite Telegraphic Office,
Bhagalpur 812001
. . . . . . . Applicant
Vs
- Raman Kumar, S/o Late Mahajan Sah
- Shyamwati Devi, W/o Late Mahajan Sah
Issues for consideration
3 issues framed by the court
Whether the Debts Recovery Tribunal has jurisdiction to adjudicate the bank's application filed under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993.
Whether the bank's application was filed within the period of limitation.
Whether the defendants are liable to pay the outstanding loan amount along with interest and costs.
Parties & counsel
- applicant
Canara Bank Branch at Bhagalpur
Coram
Shri Kaushalendra Yadav
Case details
As recorded by the court registry
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