Canara Bank v. Lohith
Case brief
What is this about?
The DRT allowed an original application filed by a bank for issuance of a recovery certificate against a defaulter. The court found the claim of ₹24.96 lakhs proven due to default, reduced interest to 10% p.a., and ordered recovery from schedule property.
What did the court decide?
Issuance of recovery certificate for Rs. 24,96,754.48 plus 10% p.a. interest from filing date; recovery against schedule property.
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.221/2025
BETWEEN:
Canara Bank (Formerly Syndicate Bank) Rajarajeshwary Nagar Bangalore.
…APPLICANT
AND:
- Mr.Lohith B.R.
S/o.Mr.Rangaswamy R/o: No.551/, Channamalliah Building, Near Old Govt School, Rajarajeswary Nagara, Bangalore-560098.
Alternate Address:
Mr.Lohith B.R. S/o.Mr.Rangaswamy R/o. No.382, 4th Cross, BHEL Layout 2nd Stage, Pattangere Rajarajeshwary Nagara, Bengaluru-560098. ...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
Canara Bank (Formerly Syndicate Bank) Rajarajeshwary Nagar Bangalore
Coram
T.RAJESH
Case details
As recorded by the court registry
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