Hdfc Bank v. Taranum MD
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 22,14,128.28 plus interest and costs held the respondent liable and directed issuance of a recovery certificate.
What did the court decide?
Recovery of Rs.22,14,128.28 with interest @11.25% p.a., costs, authorization to proceed against assets, and issuance of recovery certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-IIAT HYDERABAD DATED THIS THE29TH DAY OF MARCH,2023
PRESENT: SH. RAMESHWARKOTHE,B.COM, L.LB. (HONs.), M'A. PRESIDING OFFICER
oA, NO. 70L OF 2022
HDFC Bank Ltd. #1-10-60/3, 3'd Floor Suryodaya Complex Begumpet Hyderabad- 500016 Represented by its Authorised SignatoryDy. Manager Legal.
...Applicant
Versus Taranum MD D/o Shah, 3-6-673 Flat No.403, SMR Residency Street No. 10, Himayathnagar Hyderabad-500 029.
Also at: Taranum MD C/o Franchise India Brands Ltd. 8-2-293 / 82/ A/58, Plot No.68 Road No.1, Jubilee Hills Hyderabad - 500033.
Also at: Taranum MD, D/o Shah H. No. 10-72, Near Kirana Store Kalkinagar, Street No. 1 Kamareddy - 503 111.
... DeFendant.
Counsel for the Applicant : Mr. N. B. Sudarshan. Defendant . rx-oarce g\rrnD/
oA,7O1/2022
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed amount against the Defendant as prayed in the Original Application?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Taranum MD
Coram
Rameshwar Kothe
Case details
As recorded by the court registry
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