Canara Bank v. Shefali Flacila
Case brief
What is this about?
The Debts Recovery Tribunal allowed Canara Bank's application for recovery of dues of Rs. 66.48 Lakhs from two joint borrowers, finding the bank proved its claim on default of housing and term loans.
What did the court decide?
Recovery of Rs.66,48,980.62 including interest with liberty to enforce security over the property.
What the court decided
T.A. No.431 of 2023
02.06.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 02nd day of June, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No.431 of 20 23
(Originally filed before DRT- II, Chennai as OA No.228 of 2022 and thereafter transferred to this Tribunal and renumbered as TA No.431 of 2023)
M/s Canara Bank, Rep by its chief manager, Mr. R. Jayendran, Retail asset HUB-II, Chennai, 1st floor, SIC building No.38, Anna salai, Chennai- 600 002
…Applicant
-Vs-
- Mrs. Shefali Flacila, W/o Jude Amos, Plot No.26, Flat No.S1, 2nd Floor, “Lakshmi Sree Vaigundam Flats” Balaji Nagar, 1st street, Vivekananda Nagar, Korattur Village, Ambattur Taluk, Thiruvallur District- 600 049
Issues for consideration
3 issues framed by the court
Whether the Debts Recovery Tribunal has the jurisdiction to entertain the application filed under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993.
Whether the applicant bank has successfully proved its claim for recovery of dues against the defendants and is entitled to a final order.
Whether the application was filed within the period of limitation prescribed under Section 24 of the Recovery of Debts and Bankruptcy Act, 1993.
Parties & counsel
- applicant
M/s Canara Bank
- respondent
Mrs. Shefali Flacila
- respondent
Mrs. Jude Amos
Coram
Case details
As recorded by the court registry
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