Canara Bank v. Lakshmamma
Case brief
What is this about?
Debts Recovery Tribunal allowed an Original Application for recovery against a defendant who defaulted on agricultural loans (KCC, OD, Produce) by issuing a Recovery Certificate for the principal amount at a reduced simple interest rate of 6% per annum.
What did the court decide?
Recovery Certificate to be issued for Rs. 27,21,669/- plus interest at 6% p.a. simple from filing date, recoverable personally or from schedule property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 27th Day of March, 2026
Present: Sri. T. RAJESH
Presiding Officer
OA. No.742/2023
BETWEEN:
Canara Bank
Branch office at: At Maski, Basavan Gouda Building, New Bazaar, Maski, Raichur District-584124 Rep. by its Manager and Constituted Attorney Mr. Parashuram L Bharamoji …
… APPLICANT
AND:
Smt. Lakshmamma W/o. Amatheppa Prop: M/s. Adinarayana Warehouse At Hullur Village, Sindhanur Taluk, Raichur District - 584122
...DEFENDANT
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the claim as against the defendant?
What order are to be passed?
Parties & counsel
- applicant
Canara Bank
Coram
T. RAJESH
Case details
As recorded by the court registry
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