Canara Bank v. Mallappa
Case brief
What is this about?
The Tribunal allowed an Original Application filed by Canara Bank for issuance of a Recovery Certificate against a KCC loan defaulting borrower. Awarding recovery of the principal and reduced interest of 6% per annum.
What did the court decide?
Recovery Certificate to be drawn for Rs. 20,48,754/- with interest @ 6% p.a. (simple); proceed against schedule properties.
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.2523/2025
BETWEEN:
Canara Bank Shirahatti Branch, Shirahatti, Gadag District-582120 …APPLICANT
AND:
Sri. Mallappa Basappa Swagi S/o. Basappa Swagi Kusalapur, Shirahatti Taluk, Gadag District-582120.
...DEFENDANT
Counsel on record/appeared for:
Applicant : Sri. Venu K.V Defendant : Exparte
: FINAL ORDER:
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 Shirahatti Branch
Coram
T. RAJESH
Case details
As recorded by the court registry
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