An Original Application filed by UCO Bank to recover dues amounting to Rs.25,50,163.42 with interest and costs against a defaulting borrower was heard ex-parte and allowed by the Debts Recovery Tribunal.
Debt of Rs.25,50,163.42 with future interest at 9.95% simple per annum granted; Recovery Certificate issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 22ND DAY OF DECEMBER,2022 PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
oA. NO. 459 0F 2022
UCO Bank Tlrupathi Branch (t042) 132, T.P. Area Opp: Vishnu Nivasam Tirupathi - 517 501 Rep. by its Manager.
...Applicant
Versus
M/s. Sri Venkatalakshmi Sarees & Readymades, Rep. by its proprietor Smt. Bhargavi Ramaiahgari W/o Mr. R. Ravi, First Floor, L-t2/1, Avilala, Tirupathi Rural, Tirupati Chittoor, Andhra pradesh-517501.
.....DeFendant
Counsel for the Applicant : Ms. p.S. Sujatha Defendants : Exparte
:: ORDER::
/ / -./ .' y-.\Y
oa.4s9l2022
2
defendanttrcm 24.06.2022 till the date of realisationalong with costs, andin default, for saleof oA schedule hypothecatedassets.
Whether theAppticant Bank is entitled for the claimmade in the OA against the Defendantand the OAschedule assets?
oA.4s9l2O22
simple and @9.90o/o p,a. simple respectively from the date of application till the date of realization;
onryt^.--' -Y alr'(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant and the OA schedule assets?
UCO Bank Tirupathi Branch
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
