Bank of India v. Video Impact
Case brief
What is this about?
DRT allowed the original application for recovery from bank defaulters appearing ex parte, issuing a recovery certificate for the principal amount with reduced interest at 12% p.a. simple.
What did the court decide?
Recovery certificate issued for Rs. 24,69,453.30 plus interest at 12% p.a. simple from date of filing till realization against defendants jointly/severally.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 30th Day of June, 2026
Present: Sri. T. RAJESH Presiding Officer
OA.No.829/2024
BETWEEN:
Bank of india vishveshwara puram branch, no.84, diagonal road, v.v.puram, bangalore-560004 Respresnted by its Chief Manager,
…APPLICANT
AND:
- M/S Video Impact
[A Proprietor Concern] No.354,6th Main Road, Banashankari 1st Stage, 2nd Block, Hanumanthnagar, Bangalore-560050. Rep By Its Proritor Sri. Shankar K.S.
- Sri.Shankar K.S. Aged About 41 Years, S/O Sri.K M Surendra R/At: No. 354,6th Main Raod, Banashankari 1st Stage, 2nd Block, Hanumanthnagar, Bangalore-560050.
Issues for consideration
3 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendants?
What order is to be passed granting the recovery certificate?
Whether interest rates can be reduced for business purpose loans?
Parties & counsel
- applicant
Bank of India Vishveshwara Puram Branch
- respondent
M/S Video Impact
- respondent
Sri Shankar K.S.
Coram
Case details
As recorded by the court registry
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