Canara Bank v. Buchaiah
Case brief
What is this about?
The Tribunal allowed an application under Section 19 of the RDB Act 1993 for issuance of a recovery certificate. Finding the defendants in default and the evidence uncontroverted, the Tribunal ordered recovery of the principal amount plus reduced interest at 6% simple.
What did the court decide?
Issuance of a Recovery Certificate for Rs. 41,40,005.22 with further interest at 6% simple p.a., recoverable from the defendants personally and against scheduled/hypothecated properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 31st Day of December, 2025
Present: Sri. T. RAJESH Presiding Officer
OA.No.56/2023
BETWEEN:
Canara Bank, Branch office at Raichur- 584101, Raichur District, Karnataka State, Represented by its Chief Senior Manager, Sri. B. Suresh Kumar.
…APPLICANT
AND:
- Sri. Buchaiah, S/o Sri Dodda Hanumanthu, Aged about 60 years, R/o Sarjapur- 584102, Raichur taluk and district (Also as legal Hier of Sri Dodda Hanumanthu).
- Sri Bhaskar Reddy, S/o Sri Yama Reddy, Aged about 50 years, R/o Sarjapur- 584102, Raichur Taluk and District.
...DEFENDANTS
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?
Parties & counsel
- applicant
Canara Bank
- respondent
Sri. Buchaiah
- respondent
Sri Bhaskar Reddy
Coram
Case details
As recorded by the court registry
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