Canara Bank v. Muscan Garments
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Applicant Bank's Original Application against absent Defendants, determining a debt for a cash credit loan of Rs. 20,16,745.39/- along with interest and costs to be recovered.
What did the court decide?
Recovery of principal sum Rs. 20,16,745.39/- including interest and costs; stay on alienation of properties; Recovery Certificate to be issued under Section 19(22) of RDBFI Act, 1993.
What the court decided
l
BEFORE THEDEB'SRECOVERY TRTBUNAL-IIIXOLKATA PRESET{T: -SRtKAt'lALDE'
PRESTDIT{GOFTTCER'
O'A' a3 ot2024
DAIE OF DELMRYOFORDER!OSlOelzOzS
Can!ra Banlga body corporateconstituted under theBankingCompanies ,-^,',.,r,.,n & Transfer of Undertakings)Act,1970 havlngits headoffice at 112'Jaya *";i, aansatore-ssooo2and carrylnq on its businessrromits ;";;;;j;;" ii"""rrii",Branch, at Shonepurhat Grama Panchayatoffice'P'o -shonpur' P S - Bhangore,District-South 24 Parganas,Pin-700 135'
.. Applicant
-Versus_
- Hossain, S/o.NidMokaddes Hossain,Vill & P O -
- Mus.anGarmcnts, ProPMiraj Shonepur,P.S.-KashiPur, South 24 Parganas-700135,
Defendant
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled to recover the total sum of Rs. 20,16,745.39/- along with interest from the Defendants?
Whether the Applicants are entitled to a stay on disposing, alienating or dealing with the properties of the Defendants until the decretal debt is recovered?
Parties & counsel
- applicant
Canara Bank
- respondent
Hossain
- respondent
Muscan Garments
Coram
Case details
As recorded by the court registry
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