Canara Bank v. Nagaraju D
Case brief
What is this about?
The Tribunal allowed the Original Application filed by Canara Bank for issuance of a Recovery Certificate against Nagaraju D for agricultural loans. Defaults were established uncontrovertedly. Recovery was permitted with reduced interest at 6% p.a.
What did the court decide?
Recovery Certificate issued for Rs. 55,28,556.00 with 6% simple interest, recoverable personally and from assets of the defendant.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 24th Day of January, 2026
Present: Sri. T. RAJESH Presiding Officer
OA.No.1273/2022
BETWEEN:
Canara Bank, And Interalia Its Branch Office And Main Branch, Sira, Sira Taluk- 572 137, Tumakuru District, Represented by its Chief Manager, Sri. Daya Nath Rao.
…APPLICANT
AND:
Sri. Nagaraju D, S/o Dasanna, Aged about 48 years, Residing at, Bevinahally, Gowdagere (Hobli), Sira Taluk 572 137, Tumakuru District. ...DEFENDANT
Counsel on record/appeared for:
Applicant : Mohamed Afroze Ahamed Defendant : E Devaraj
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendant?
What order are to be passed?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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