Canara Bank v. Kamalamma
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application for a Recovery Certificate. The defendants were absent, and the Tribunal found the loan documents and default proved. It reduced the interest rate to 6% p.a.
What did the court decide?
Recovery Certificate to be drawn for Rs 57,72,476/- with 6% p.a. simple interest from filing date to realization against the defendants jointly and severally.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, AT BENGALURU
Dated this 17th Day of July, 2026
Present: Sri. T. RAJESH Presiding Officer
OA.No.913/2023
BETWEEN:
Canara Bank T Narasipura Branch, Municipal Office Road, T Narasipura-571124, Mysore District, Karnataka-571124 Represented by its Manager and PA holder
…APPLICANT
AND:
- Smt. Kamalamma, Aged About 74 Years, W/o. Late P. Basavegowda,
- Sri.D.B.Rajanna, Aged About 53 Years, S/o. Late P. Basavegowda,
- Sri Basavanna, Aged About 47 Years, S/o. Late P. Basavegowda
- Sri Nanjunda
Issues for consideration
2 issues framed by the court
Whether the applicant succeeded in proving the OA claim as against the defendants?
What order is to be passed?
Parties & counsel
- applicant
Canara Bank T Narasipura Branch
- respondent
Smt. Kamalamma
- respondent
Sri D.B. Rajanna
- respondent
Sri Basavanna
- respondent
Sri Nanjunda
- respondent
Case details
As recorded by the court registry
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