Canara Bank v. Raja
Case brief
What is this about?
The Debts Recovery Tribunal allowed an original application filed by a bank for recovery of Rs. 62,39,935 due on a housing loan. The court found the claim valid and ordered sale of the mortgaged property or defendant's assets for satisfaction of dues.
What did the court decide?
Recovery of Rs. 62,39,935 plus interest @11.25% p.a.; liberty to sell mortgaged property and personal assets for balance dues.
What the court decided
O.A. No.70 of 2023
12.08.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 12th day of August, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No.70 of 2023
Canara Bank, Micro Finance Bank, No.131, Audiappa Naicken street, Chennai-600 001 ….Applicant
-Vs-
Mr.Raja.G, S/o Mr.Ganesan, No.12/199, F.No.63, Vishnu Nagar, Padappai, Chennai- 601301
Also at:
Mr.Raja.G, No.8, 24A, Melatheru, Tajmahal street, Pudukottai, 614619 …..Defendant
Issues for consideration
2 issues framed by the court
Whether the bank's claim for recovery of dues under Section 19 of the RDB Act is maintainable.
Whether the applicant bank has established its claim against the defendant in default.
Parties & counsel
- applicant
Canara Bank, Micro Finance Bank
- respondent
Mr. Raja.G
Coram
S.V. GOWRAMMA
Case details
As recorded by the court registry
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