Canara Bank v. L Gowri
Case brief
What is this about?
Application for issuance of Recovery Certificate in housing loan case allowed. Debts tribunal found evidence un-rebutted, permitted recovery of principal plus 8% simple interest from filing date, and directed issue of Recovery Certificate enforceable against movable/immoveable assets.
What did the court decide?
Recovery Certificate issued for recovery of Rs. 3,79,32,610 plus interest at 8% p.a. simple from filing date jointly and severally against defendants and schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II, BANGALORE
Dated this 19th Day of September, 2025
PRESENT: SHRI T. RAJESH Hon’ble Presiding Officer
O.A.No.751 of 2024
Canara Bank,
Jayanagar 4th T Block Branch, #364, 16th Main Road, Jayanagar 4th T Block, Bengaluru – 560 041. … Applicant.
Vs.
- Smt.L.Gowri, W/o.K.P.Narasimha Murthy, No.101, 19th Cross, 20th Main, SMS Layout, J.P.Nagar V Phase, Bangalore – 560 078.
- Sri K.P.Narasimha Murthy, S/o.K.R.Prahalada Rao, No.101, 19th Cross, 20th Main, SMS Layout, J.P.Nagar V Phase, Bangalore – 560 078. … Defendants. Counsel for Applicant : Mr.C.Vinay Swamy. Defendants : Exparte. …… ORDER
- The Application is filed under Section 19 (1) of the Recovery of Debts
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the Defendants?
What is the extent of entitlement of the applicant?
Parties & counsel
- applicant
Canara Bank, Jayanagar 4th T Block Branch
- respondent
Smt.L.Gowri
- respondent
Sri K.P.Narasimha Murthy
Coram
Case details
As recorded by the court registry
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