Canara Bank v. N Asokan
Case brief
What is this about?
In an exparte proceeding under the RDB Act, the Tribunal found the bank's claim regarding a housing and vehicle loan uncontroverted and allowed the Recovery Certificate for an aggregate sum with reduced interest.
What did the court decide?
Recovery Certificate issued for Rs. 50,54,008/- with further interest at 8% p.a. (simple); recovery to be effected against defendant's personal assets and schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 27th Day of March, 2026
Present: Sri. T. RAJESH
Presiding Officer OA.No.1372/2022
BETWEEN:
Canara Bank Branch office at: No.76, Kasturi Complex, Mission Road, Sampangiram Nagar, Bengaluru- 560027
…APPLICANT
AND:
Mr. N Asokan S/o. K. Natarajan No.296, 1st Floor, 5th Main, 2nd Cross, 1st Block, Koramangala, Bangalore- 560034
...DEFENDANT
Counsel on record/appeared for:
Applicant : S.K.M. Shetty Defendants : Exparte
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendant?
What order are to be passed regarding the issuance of Recovery Certificate?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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