Uco Bank v. Yashoda
Case brief
What is this about?
The Tribunal allowed the applicant bank's Original Application for a Recovery Certificate against the defendants for a term loan. Despite the defendants being found in default, interest was reduced to 8.00% simple, and recovery was permitted from joint assets and schedule properties.
What did the court decide?
Recovery Certificate issued allowing recovery of Rs. 1,20,70,313/- plus interest at 8.00% p.a. (simple) from the defendants jointly, severally, and personally, against personal assets and schedule pro
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.2685/2024
BETWEEN:
UCO Bank Bangalore Cantonment Branch, M.G. Road, Bangalore-560001 Represented by its Chief Manager Chief Manager Sri. Raj Kumar Bhole.
…APPLICANT
AND:
- Smt. Yashoda M W/o Sri. G. Manigandan Aged about 46 years, Residing at: No.19, Nandi Pride Villa, 9th Main, TC Palya Main Road, Hoysala Nagar, Ramamurthy Nagar, Bangalore-560016.
- Sri. G. Manigandan S/o Sri. Gopal Pillai, Aged about 51 years, Residing at: No.19, Nandi Pride Villa, 9th Main, TC Palya Main Road, Hoysala Nagar, Ramamurthy Nagar, Bangalore-560016. ...DEFENDANTS
Counsel on record/appeared for:
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?
Parties & counsel
- applicant
UCO Bank Bangalore Cantonment Branch
- respondent
Smt. Yashoda M W/o Sri. G. Manigandan
- respondent
Sri. G. Manigandan S/o Sri. Gopal Pillai
Coram
Case details
As recorded by the court registry
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