Canara Bank v. Amutharaj
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application filed under Section 19 of the RDB Act against borrowers defaulting on a housing loan. Borrowers appeared ex-parte. Court awarded principal, interest, and costs, permitting asset sale on default.
What did the court decide?
Recovery of Rs.43,49,766/- with interest @8.30% p.a. and penal interest @2% p.a. from the date of application. Authority to sell the schedule property.
What the court decided
O.A. No.119 of 2024
09.07.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 09th day of July, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No.119 of 2024
Canara Bank, Kotturpuram Branch, Represented by its Chief Manager, 4/1, Gandhi Mandapam Road, Kotturpuram, Chennai-600 085 ….Applicant
-Vs-
- Mr.M.Amutharaj,
S/o Mr. Mannankatti, No.8/17, Pillaiar koil street, Paneer nagar, Mugappair, Chennai- 600 037
Also at: No.139, F block, Poondi Thangammal street, New Washermanpet, Chennai- 600 081
Issues for consideration
1 issue framed by the court
Whether the application under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 deserves to be allowed for recovery of dues.
Parties & counsel
- applicant
Canara Bank, Kotturpuram Branch
- respondent
Mr.M.Amutharaj
- respondent
Mrs.A. Pushpa
Coram
Case details
As recorded by the court registry
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