Canara Bank v. Sharanappa
Case brief
What is this about?
In an exparte hearing regarding an agricultural loan default, the DR Tribunal allowed the bank's application for a recovery certificate due to uncontroverted evidence of debt and security interest, awarding a reduced interest rate of 6% per annum.
What did the court decide?
Recovery certificate issued for Rs.37,91,660.61 with 6% simple interest p.a., recoverable by proceeding against schedule property.
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.2244/2025
BETWEEN:
Canara Bank Shirahatti Branch Shirahatti
District Gadag-582120.
…APPLICANT
AND:
- Mr.Sharanappa H Harlapur
- S/o. Hanamappa Harlapur,
- Kadakol,
- Shirahatti Taluk,
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
Canara Bank Shirahatti Branch
- respondent
Mr.Sharanappa H Harlapur
- respondent
Mr.Kiran Harlapur
- respondent
Mr.Arun Kumar H. Harlapur
- respondent
Mr.Kalakappa Bisanalli
Case details
As recorded by the court registry
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