Canara Bank v. Ayub Ali
Case brief
What is this about?
The Debt Recovery Tribunal allowed the Applicant bank's Original Application filed under Section 19 RDB Act 1993. The Court issued a Recovery Certificate for the outstanding loan amount with interest reduced to 9% p.a. against the defendants who appeared ex parte.
What did the court decide?
Recovery Certificate issued for Rs.96,20,477.71 plus interest @ 9% p.a. to be recovered against schedule property and defendants' other assets.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 27th Day of August 2026
Present: Sri. T. RAJESH Presiding Officer
OA. No.1368/2023
BETWEEN:
Canara Bank Hoskote Branch, College Main Road, Hoskote-562114
… APPLICANT
AND:
- Sri.Ayub Ali
S/o.Sri.Syed Munavar Sab No.12, Parvathipura, Bangalore-562114.
And Also:
Mahalasadevi Complex Near Ayyappa Temple, College Road, M.V. Extension, Hosakote-562114 Karnataka.
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the Original Application claim as against the defendants?
What order are to be passed regarding the recovery of the outstanding loan amount?
Parties & counsel
- applicant
Canara Bank Hoskote Branch
- respondent
Sri. Ayub Ali
- respondent
Smt. Mohsinunnisa
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · P.o
- Order 2 — this page · P.o
Similar cases
Judgements on the same questions, provisions and authorities, from every court