Indian Bank v. S Kumar
Case brief
What is this about?
Allowed an application for issuance of a recovery certificate for an outstanding loan of Rs. 37 Lakh, reduced interest to 6% p.a. due to prior security sale, and directed execution proceedings.
What did the court decide?
Recovery Certificate allowed for Rs.37,46,267.18 plus interest at 6% p.a.; liberty to proceed against other assets.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 31st Day of July, 2026
Present: Sri. T. RAJESH Presiding Officer
OA. No.1737/2024
BETWEEN:
Indian Bank SAM Branch, No.10, K G Road, Bangalore-560009 Rep.by its Chief Manager Mr. Karthik Reddy C
… APPLICANT
AND:
- Mr. Kumar S S/o. Shivanna No.4047, Janani, 2nd Floor, 16th Cross, Kumaraswamy Layout 2nd stage, Bangalore – 560078
- Mrs. Pramila Kumar M W/o. Kumar No.4047, Janani, 2nd Floor, 16th Cross, Kumaraswamy layout 2nd stage, Bangalore-560078
...DEFENDANTS
Issues for consideration
2 issues framed by the court
Whether the bank succeeded in proving its claim against the defendants?
What order ought to be passed regarding the issuance of recovery certificate?
Parties & counsel
- applicant
Indian Bank SAM Branch
Coram
T. RAJESH
Case details
As recorded by the court registry
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