Debts Recovery Tribunals and Appellate Tribunals
CANARA BANK vs DR BAVAGUTHU RAGHURAM SHETTY on 16 June 2026
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IN THE DEBTS RECOVERY TRIBUNAL –I AT CHENNAI
Dated this 16th Day of June. 2026
PRESENT: SHRI A.S.JAYACHANDRA Presiding Officer
TA No.111 of 2022 Canara Bank, DIFC Branch,Dubai, Unit N504 Level 5, Emirates Financial Towers, Dubai International Financial Centre, PO Box 507037, Dubai,United Arab Emirates Represented by its Authorised Signatory . . . Applicant
Versus Dr. Bavaguthu Raghuram Shetty, NG-12 & 13, Manipal Centre North Block, Dickenson Road, Bengaluru, Karnataka – 560042
Also at:
Dr. Bavaguthu Raghuram Shetty, “Roshni”, Opposite to A B Shetty Dental College, Besides Bharat Beedies Pvt Ltd Head Office, Kadri Road, Mangalore, Karnataka – 575003 . . . Defendant
: - PROCEEDINGS DT.16.06.2026 - :
Applicant by Mr Kunal, Adv. Defendants by Mr Rahul Adv.
It is submitted by both the Ld. Counsel that the single Defendant in this case is facing NCLT Proceedings. In view of the above, the present TA stands closed for the time being reserving the right to the parties to seek revival of the proceedings after conclusion of the parallel proceedings if so advised. A copy of this order be communicated to both the parties.
Sd/- (A.S.JAYACHANDRA)
PRESIDING OFFICER
DRT-I, CHENNAI
(Dictated to PS who typed in the system, corrected, signed and pronounced in open court on this 16th Day of June,