Bank of Baroda v. D v Narayana
Case brief
What is this about?
Debts Recovery Tribunal allowed the applicant's Original Application under Section 19 of the RDB Act for issuance of a Recovery Certificate, awarding interest at a reduced rate of 12% p.a. due to business purpose, as defendants appeared ex parte.
What did the court decide?
Recovery Certificate to be drawn and executed for Rs. 5,63,94,854/- plus interest at 12% p.a. (simple) from date of filing OA against respondents jointly, severally and personally.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 20th Day of August, 2026
Present: Sri. T. RAJESH Presiding Officer OA.No.1564/2023
BETWEEN:
Bank of Baroda Vijaynagar Branch, No. 504, New Kalidasa Road, Vijaynagar, 1st stage, Mysore Dist., Mysore, Karnataka – 570 017 Through its Chief Manager Mr. Sham Ponnappa K …APPLICANT
AND:
- Mr. D V Narayana Prop: M/s. Balaji Industries S/o. D Venkatesh Aged about 37 years R/at: Plot. No. 103/B, Kadakola Industrial Area, Mysore taluk & Dist.
Also, at: R/at: 1198, JP Nagar, Mysore – 570 008
- Mr. V Suresh S/o. Challa Venkataswamy Aged about adult Prop: Sri Devi Industries R/at: #9-15, KSSIDC, Hebbal Industrial area, Mysore – 570 016
Also, at: R/at: 1198, JP Nagar, Mysore – 570 008 ...DEFENDANTS
2 OA-1564/2023
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 in light of uncontroverted evidence?
Parties & counsel
- applicant
Bank of Baroda Vijaynagar Branch
- respondent
Mr. D V Narayana
- respondent
Mr. V Suresh
Coram
Case details
As recorded by the court registry
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