Canara Bank v. Lakkaiah
Case brief
What is this about?
The tribunal allowed an Original Application filed under the RDDB Act for issuance of a Recovery Certificate against legal heirs of deceased borrowers for an agricultural loan default, reducing the interest rate to 6% simple p.a.
What did the court decide?
Issuance of Recovery Certificate for Rs. 33,00,098/- with simple interest at 6% p.a. from date of filing till realization.
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.2547/2024
BETWEEN:
Canara Bank Mallipattana Branch, Arakalgud Talu, Dist . Hassan-573 147. Through its Senior Manager, Smt. Bhagya. V. …APPLICANT
AND:
- Mr. Lakkaiah S/o Ramaiah, 2. Mr. Javaraiah S/o Lakkaiah
Since both deceased through their legal heirs
(a) Mr. Krishnaiah S/o Javaraiah
(b) Mr. Dhanesh S/o Javaraiah
Having address at: Vijayapura Forest Village, Kasaba Hobli, Arkalgud Taluk, Hassan District-573 147. ...DEFENDANTS
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 is to be passed in the Original Application?
Parties & counsel
- applicant
Canara Bank Mallipattana Branch
- respondent
Mr. Krishnaiah S/o Javaraiah
- respondent
Mr. Dhanesh S/o Javaraiah
Coram
Case details
As recorded by the court registry
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