Canara Bank v. Machindra
Case brief
What is this about?
The Debts Recovery Tribunal adjudged in favor of the applicant bank, directing the defaulting defendant to pay the principal amount of Rs. 77,72,164.01 along with future interest at 9% per annum and authorized the sale of mortgaged assets for recovery.
What did the court decide?
Direct payment of Rs. 77,72,164.01 and future interest @ 9% p.a.; sale of mortgaged properties; issue of Recovery Certificate.
What the court decided
Presented on: 30.12.2023 Registered on: 03.06.2024 Decided on: 14.08.2026 Duration: Y M D 02 07 14
IN THE DEBTS RECOVERY TRIBUNAL AT AURANGABAD (Before Dr. J. R. Chauhan Presiding Officer) ORIGINAL APPLICATION No. 372/2024
TOTAL CLAIM AMOUNT – Rs. 77,72,164.01/-
CANARA BANK,
A Body Corporate constituted under the Banking companies Acquisition and Transfer of Undertakings Act, 1970 & Having its Head Office at 112 J C Road, Bangalore in the State of Karnataka and one of its branch offices amongst other places at Shrigonda, through its Authorized Signatory Shri. Vivek Bhagwat Pawar.
… Applicant
Versus
Shri. Machindra Pandurang Supekar, R/o.: 1194, Varsha Building, Damud, Jamkhed Road, Ahmednagar 413 701 Also at, Gut No. 1500, Shrigonda, Ghodegaon, Ahmednagar 413701. Also at, Gut No. 1567, Shrigonda, Ghodegaon, Ahmednagar 413701.
(OA No.372/2024)
Page 1 of 9
Issues for consideration
2 issues framed by the court
Whether the applicant bank is entitled to recovery of the loan amount along with interest and future interest.
Whether the mortgaged properties are liable to be charged towards the recovery of the dues.
Parties & counsel
- applicant
CANARA BANK
Coram
Dr. J. R. Chauhan
Case details
As recorded by the court registry
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