Uco Bank v. Venkatesh
Case brief
What is this about?
The Debt Recovery Tribunal allowed the applicant bank's original application to issue a recovery certificate against the respondents for a term loan default. The court reduced the interest rate to 8% simple per annum and granted the principal sum plus further interest.
What did the court decide?
Recovery certificate to be drawn for Rs. 62,99,133/- with 8% simple interest; respondents liable jointly, severally, and personally.
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.1514/2022
BETWEEN:
UCO Bank
No. 149/2, Kormanagala Branch, Hosur Road, Bangalore-560 095. Represented by its Chief Manager, Sri. Raj Kumar Bhole.
…APPLICANT
AND:
- Mr. Venkatesh A C S/o Sri. Chandra Mohan
Aged about 37 years, Residing at No. 116, 7th A Main, 7th Cross, R.P.C Layout, 2nd Stage, Vijayanagar, Bangalore-560 040.
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendants?
What order are to be passed?
Parties & counsel
- applicant
UCO Bank
- respondent
Mr. Venkatesh A C
- respondent
Mrs. B.S. Namitha
Coram
Case details
As recorded by the court registry
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