Canara Bank v. D Raju
Case brief
What is this about?
Debts Recovery Tribunal allowed the Original Application filed by Canara Bank for recovery of dues. The tribunal found evidence of loan availing, security creation, and default unrebutted, permitting recovery with reduced interest.
What did the court decide?
Recovery of Rs. 39,59,982/- with interest at 6% p.a. from defendants jointly, severally, and personally, including execution against schedule 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.704/2022
BETWEEN:
Canara Bank Having its head office at: No.112, JC road, Bangalore It’s Maski Branch At: Basavangouda Building, New Bazar, Maski, Lingasugar Taluk, Raichur District – 584 124
Rep. by its Manager Sri. Sudhir Kumar Jitti
…APPLICANT
AND:
- Sir. D Raju S/o. Sri. Subba Rao Aged about 45 years Residing at: #63, Shankar nagara camp, Udbal, Udbal (Umli), Manvi Taluk, Raichur district
- Sri. D Rambabu S/o. Sri. Ramanna Aged major
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What order are to be passed?
Parties & counsel
- applicant
Canara Bank
- respondent
Sir. D Raju
- respondent
Sri. D Rambabu
- respondent
Sri. U Lakshmi
- respondent
Sri. U Phanindra
- respondent
Case details
As recorded by the court registry
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