Canara Bank v. M S Manjunatha
Case brief
What is this about?
OTP allowed Recovery Application filed under RDB Act for agricultural loan default. Tribunal found claim proved despite defendants being in ex-parte. Ordered issuance of Recovery Certificate with principal and interest @6% simple.
What did the court decide?
Recovery Certificate issued for Rs.29,18,341.86 plus interest @6% p.a. simple until realization, executable against defendants and schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 27th Day of April, 2026
Present: Sri. T. RAJESH Presiding Officer OA.No.37/2025
BETWEEN:
Canara Bank
Branch office at: Avathi, Devanahalli Taluk, Bengaluru Rural District- 562164
…APPLICANT
AND:
- M.S Manjunatha S/o A. Shamanna
- Sri. Aravinda S/o. M.S. Manjunatha
- Arpitha D/o. M.S Manjunatha
- Sri. M.S Nandakumar S/o. A. Shamanna
Issues for consideration
3 issues framed by the court
Whether the applicant had succeeded in proving the claim as against the defendants?
What order are to be passed?
Whether the Recovery Application should be allowed with a reduced interest rate?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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