The Debt Recovery Tribunal allowed Canara Bank's original application for recovery of dues amounting to approximately 26.13 lakhs from a housing loan default, secured by the mortgage of the defendant's property.
The defendant was directed to pay Rs. 26,12,724.73 with future interest at 7.4% p.a. and costs, and the mortgage decree was allowed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE O6TH DAY OF MARCH, 2025
PRESENT: SH. MMESHWAR KOTHE, B.Com.,L.LB. (Hons.), 14.A. PRESIDING OFFICER
ORIGINAL APPLICATION NO: 516 OF 2024
Canara Ban k, Udyami Mitra(SME) Bra nch, Door No.6-3-219, Ram Nagar Extension, Anantapur, Andhra Pradesh-515001. Rep. by its Legal Manager.
...APPlica nt
Versus
lvlr. Udayagiri Chandrasekha r, Aqed aboutyears, Occ: R/O. Flat No.401, 5th Floor, K.V Gold Phase Apartments, Ward No.4, Block No.21B, Opposite Sri Potti Sreeramulu School, 1't road Ana nthapuram u-515001.
...Defendant
Counsel for the Applicant :N4/s.P. SaiChandrasekhar Defendants : Ex-Parte
:: qLLEL ::
oA.NO.516/2024
2
date of realization along with costs and in default for sale of schedule property.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA schedule property?
i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.26,12,724.73ps under Housing Loan A/c. No.6192619000023 Kr.t"'
oA.NO.s1612024
3
with future interest @7.4o/op.a. simple from the date of application till the date of realization;
,/%,*v,/ (RKqESHVilAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the dues claimed in the Original Application against the Defendant?
1 provisions across 1 enactments
Canara Bank
Lkr. Udayagiri Chandra Sekhar
MMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
