Canara Bank v. Khivraj
Case brief
What is this about?
DRT-III Chennai allowed a transfer application filed by Canara Bank for recovery of Rs.22,10,227/- along with interest and costs from two defendants who defaulted on a vehicle loan, passing an ex parte order against them.
What did the court decide?
Recovery of Rs.22,10,227/- plus interest @9.20% p.a. and costs; liberty to sell hypothecated vehicle and defendant assets.
What the court decided
T.A. No.946 of 2023
08.01.2026
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 08th day of January, 2026
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 946 of 2023
(Originally filed before DRT- II, Chennai as OA 861/2019 and thereafter transferred to this Tribunal and renumbered as TA No 946 of 2023)
Canara Bank
Rep. by its Senior Manager Habibullah Road Branch, No.150, Habibullah Road, T.Nagar, Chennai 600 0017 ….Applicant
-Vs-
- G.Khivraj, S/o.Gopal, Proprietor of Narayana Enterprises, No.67, Salaima Nagar, Bricklin Road, Purasawakkam, Chennai-600 007.
Issues for consideration
2 issues framed by the court
Whether the Original Application for recovery of vehicle loan dues is maintainable and allowed ex parte.
Whether the Defendants are jointly and severally liable for the loan amount with interest and costs.
Parties & counsel
- applicant
Canara Bank
- respondent
G.Khivraj
- respondent
L. Lavesh
Coram
Case details
As recorded by the court registry
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