Canara Bank v. B Rajan
Case brief
What is this about?
The Tribunal allowed the Original Application filed by Canara Bank to recover dues of Rs. 51,20,682.31/- from two respondents arising from availed loans (OCC, MSE Pragati, Canara Vehicle). The claim was proved through affidavit and supporting documents as respondents appeared ex-parte.
What did the court decide?
Directing respondents to pay jointly/severally a sum of Rs.51,20,682.31/- with interest at specified rates, sale of mortgaged properties if default occurs.
What the court decided
OA No. 688/2022
Fair Order
IN THE DEBTS RECOVERY TRIBUNAL AT MADURAI DATED THIS 07TH DAY OF APRIL, 2026 PRESENT: SEEMA SINHA,
[PR. DISTRICT & SESSIONS JUDGE – Retd] PRESIDING OFFICER
OA No.688/2022
Between
Canara Bank, St. Rita’s Convent Branch, 77/13, St. Rita’s Convent Complex, Ramanputhur Junction, Nagercoil – 629 002 Kanyakumari District. Rep. By its Branch Manager. ---Applicant Bank
And
- Mr. B. Rajan, S/o Bagavam Moorthy Nadar, 186, Periyavilai,
- Nagercoil – 629 002.
- Mr. K. Jayaragavan, S/o Kumaraswamy, Elanthaiyadithattu, Puttanthurai, Kanyakumari District – 629 502. ---Defendants
Issues for consideration
2 issues framed by the court
Whether the applicant bank has proved its claim for recovery of loan amounts with interest.
Whether penal interest can be capitalized and claimed with interest.
Parties & counsel
- applicant
Canara Bank
- respondent
Mr. B. Rajan
- respondent
Mr. K. Jayaragavan
Coram
Case details
As recorded by the court registry
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