Canara Bank v. R
Case brief
What is this about?
Debts Recovery Tribunal allowed an Original Application filed by Canara Bank for recovery of loan dues and interest from four defaulting borrowers. The bank was granted liberty to recover the amount from the first two respondents jointly and severally or by selling the scheduled immovable property.
What did the court decide?
Applicant bank allowed to recover Rs.1,10,70,502.72 from Defendants 1 and 2 jointly and severally or by sale of the scheduled immovable property.
What the court decided
O.A. No. 312 of 2024
01.04.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 01st day of April, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 312 of 2024
M/s. Canara bank Represented by its Manager & Authorised officer Saidapet Udyami Mitra Branch, No.54, Seshachalam Street, Saidapet, Chennai-600 015 ….Applicant
-Vs-
- Mr. R.Sridhar,
S/o Ramamoorthy.R D block first floor, MM Oasis Lakshmi nagar, First street, Gerugambakkam, Chennai-600 112
- Mrs.S.Vishaali, W/o R.Sridhar D block first floor,
Issues for consideration
3 issues framed by the court
Whether the Original Application filed by the bank for recovery of dues is maintainable and within limitation.
Whether the bank has proved its claim against the defendants who did not appear to contest.
Whether the direction to recover the amount or sell the scheduled property is appropriate.
Parties & counsel
- applicant
M/s. Canara bank
- respondent
Mr. R.Sridhar
- respondent
Mrs.S.Vishaali
- respondent
Mrs.S.Banumathi
- respondent
Mr.R.Shankar
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court