Bank of India v. Varadaraja S K
Case brief
What is this about?
In an ex parte hearing, the Tribunal allowed the Original Application for issuance of a Recovery Certificate against the defendant for loan defaults, fixing interest at 6% p.a. pending realization.
What did the court decide?
Declaration of debt recovery certificate for Rs. 1,06,20,561.88 with interest at 6% p.a.; liberty to proceed against other assets; cost awarded.
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.2128/2025
BETWEEN:
Bank of India Branch office at Davangere, Davangere District Asset Recovery Branch Bank of India Building, K G Road, Bengaluru, Rep. by its Chief Manager Sri. Amit Kumar
… APPLICANT
AND:
Sri. Varadaraja S.K. S/o. Kariyanna Aged about 52 years Residign at, No.73/37, Srivara, Behind RTO, Mahashakthi Road, Shakthinagar, Mysore-570019 Also at: # 15/1, 2nd Main, Opp. Venkateshwara Kalyan Mantapa, Seshadripuram, Bangalore-560020
...DEFENDANT
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendant?
What order are to be passed?
Parties & counsel
- applicant
Bank of India Branch office at Davangere
Coram
T. RAJESH
Case details
As recorded by the court registry
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