Allowed

Karnataka Gramin Bank v. Mr Revansiddappa

DRT27 Aug 2026OA/3032/2025

Case brief

AI extract

What is this about?

Allowed an Original Application under the RDB Act for issuance of a Recovery Certificate for a defaulted agricultural loan, reducing interest to 6% p.a. and permitting recovery from personal assets and mortgaged property.

What did the court decide?

Issuance of Recovery Certificate for Rs.22,17,708.25 with 6% p.a. simple interest; recovery from personal assets and schedule property; costs allowed.

Karnataka Gramin Bank versus Mr Revansiddappa — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU

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Dated this 27^th Day of August, 2026

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Present: Sri. T. RAJESH Presiding Officer

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OA. No.3032/2025

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BETWEEN:

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Karnataka Grameena Bank Chincholi Branch Beside Kanakadurga Lodge And Restaurant Chincholli Taluk, Kalburgi District-585307 Rep. by its Branch Manager Mr. Shankarappa Nagarale

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… APPLICANT

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AND:

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Mr. Revansiddappa S/o. Ramanna @ Ramrao Patil Aged major R/at. Degalmadi, Chincholi Taluk, Gulbarga/Kalaburagi District-585307

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...DEFENDANT

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Counsel on record/appeared for:

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Applicant : Sri. Prakasha Hegde K Defendant : Exparte

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:FINAL ORDER:

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The present Original Application in short (OA) has been filed under section 19 of Recovery of Debts and Bankruptcy Act 1993 for seeking issuance of Recovery Certificate against the defendant for Rs.22,17,708.25/- (Rupees Twenty Two Lakh Seventeen Thousand

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Seven Hundred Eight and Twenty Five Paisa only) with further interest

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OA. No.3032/2025

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thereon from the date of filing the Application till realization from the Defendant.

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It is the case of the applicant that, the defendant availed the PKCC [Crop loan] of Rs.5,00,000/- on 24.04.2013.

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It is also the case of the applicant that, in view of the above financed credit facility, the defendant executed necessary loan documents. Apart from the creation of security interest by way of mortgage over the Schedule property.

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It is further contended that, despite availing the credit facility, agreeing to service the loan amount promptly and regularly, the defendant failed in complying the same, resulting in default in repayment and consequentially turning the loan account as NPA.

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In the above circumstances, the applicant approached this Tribunal by filing this OA seeking issuance of Recovery Certificate for the amount due in the account.

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Despite, service completed, the defendant remained absent. Hence, the defendant placed exparte on 25.03.2026.

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The applicant had let in evidence through AW-1, who filed Proof Affidavit reiterating the contentions taken in the OA and also produced Exhibits A1 to A7 and got the same marked in evidence.

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OA. No.3032/2025

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Heard the Ld. Counsel for the Applicant and considered the contentions as taken in the OA in the light of documentary evidence and proof affidavit.

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The following issues arise for consideration in this matter:

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i) Whether the applicant had succeeded in proving the OA claim as against the defendant?

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ii) What order are to be passed?

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Both these issues are gone into and decided together.

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The case put forth by the applicant in the Application remains

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unrebutted as defendant remained exparte. The evidence tendered by the applicant remains uncontroverted and undisputed. The evidences put forth by the applicant were found admissible and are sufficient to prove availment of credit facilities as stated in the OA, creation of security interest as claimed by the applicant bank and the defaults committed in the account. The liability of the defendant and the claim of the amount due are also proved by the above documents. The claim of the applicant is well within the limitation.

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Hence in view of the above findings which cover both the issues raised in this manner, this Tribunal is of the view that OA is liable to be allowed.

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OA. No.3032/2025

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Taking into consideration the facts that the credit facility was

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availed for agricultural purpose and also that OA claim is arrived at by calculating interest at the agreed rate, this Tribunal in view of the OA can be allowed with a reduced interest of 6.00% p.a.(simple).

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In the result, OA.No.3032/2025 stands allowed,

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i) The applicant is allowed to recovery an aggregate sum of Rs.22,17,708.25/- (Rupees Twenty Two Lakh Seventeen Thousand Seven Hundred Eight and Twenty Five Paisa only) with further interest of 6.00% p.a.(simple) from the date of filing OA till the realization from the defendant, after giving credit to all the amounts recovered and received during the pendency of the OA and allowed the same to be recovered by proceeding against defendant personally and also by proceeding against the schedule property. The schedule property to the OA be the schedule property to the Recovery Certificate.

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ii) If the sale proceeds are not found sufficient to cover the amount due and payable to the applicant bank, the defendant personally and his other assets are liable for all such amounts due under the loan account.

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OA. No.3032/2025

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iii) The applicant bank is allowed cost of the proceeding

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which applicant to file cost memo within 7 days from the date of receipt of the order.

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iv) The Recovery Certificate to be drawn in terms of this

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order and transferred to Recovery for execution.

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v) Interim Application pending, if any, stands disposed of

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with this Final Order.

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Communicate a copy of the order to the parties concerned in

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terms of Section 19(21)(i) of the RDB Act, read with Rule 16 of DRT

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(Procedure) Rules, 1993.

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[Dictated to the Stenographer (PR), transcribed by her, corrected and signed and pronounced by me in the Open Court, this the 27^th Day of August 2026].

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(T. RAJESH) PRESIDING OFFICER

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ANNEXURES

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WITNESSES EXAMINED FOR THE APPLICANT BANK:

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AW-1: Sri. Senkadir, Assistant Manager of the applicant bank.

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Exhibits on the part of the Applicant:

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Sl.	DOCUMENTS	Exhibit
No		Nos
1	Loan application dated 24.04.2013	A1
2	Loan agreement dated 24.04.2013	A2

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OA. No.3032/2025

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3	Letter of Revival dated 12.04.2016	A3
4	Letter of Revival dated 21.02.2019	A4
5	Letter of Revival dated 25.01.2022	A5
6	Letter of Revival dated 27.11.2024	A6
7	Mortgage deed dated 16.04.2013	A7
8	Statement of loan account loan account No. 74007164417 migrated account
	No.11059130001072 re-numbered as A/c.No. 05915354015916 re-numbered as A/c.No. 05915354015916	a8
9	Legal notice dated 15.09.2025	A9
10	Postal receipts	A10

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(T. RAJESH) PRESIDING OFFICER

Karnataka Gramin Bank v. Mr Revansiddappa

Case brief

What is this about?

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Karnataka Gramin Bank v. Mr Revansiddappa

Case brief

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