Canara Bank v. Geeta
Case brief
What is this about?
Debts Recovery Tribunal-2 Mumbai allowed Canara Bank's application for recovery of ₹1,45,96,854.78 reduced after deducting proceeds from auction sale. The debt was reduced to judgment debt as recovery certificates were issued.
What did the court decide?
Application allowed; respondents jointly/severally directed to pay ₹1,45,96,854.78 plus interest at 12% from 01.04.2022 and interest on prior dues till 31.03.2022.
What the court decided
ORIGINAL APPLICATION NO.124 OF 2023
DEBTS RECOVERY TRIBUNAL No.2, MUMBAI
PRESIDING OFFICER: HARISH KUMAR KAUSHIK
ORIGINAL APPLICATION NO.124 OF 2023
Date of Institution: 18.03.2019
Date of Decision: 25.02.2026
TOTAL CLAIM AMOUNT :
₹ 1,45,96,854.78/-
CANARA BANK,
A body corporate, constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970 having Central Office at Circle office, C- 14, G Block, Bandra Kurla Complex, Bandra (E), Mumbai- 400 051 and amongst others, a Branch Office at 1st floor, Kohinoor Building, Opp. Siddhivinayak Mandir, Prabhadevi, Mumbai400 025 through its Officer Mr Chaitanya Tare … Applicant
- Versus
Issues for consideration
2 issues framed by the court
Whether the Original Application filed under Section 19(1) RDB Act deserves to be allowed based on undisputed documentary evidence of loan default.
Whether the recovered amount from public auction of mortgaged property should be deducted from the claim.
Parties & counsel
- applicant
CANARA BANK
- respondent
MRS GEETA MEHUL PAREKH
- respondent
LUV MEHUL PAREKH
- respondent
KUSH MEHUL PAREKH
- respondent
SHILP MEHUL PAREKH
- respondent
Case details
As recorded by the court registry
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