Debts Recovery Tribunal allowed an Original Application filed by HDFC Bank Ltd. against a defaulting borrower for recovery of dues, interest, and costs on merits in an ex-parte proceeding.
Directed respondent to pay Applicant amount of Rs. 25,94,311.55 with future interest at 10.50% p.a., costs and recovery certificate.
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-IIAT HYDERABAD DATED THIS THE loth DAY OF NOVEMBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.(Hons.),M.A. PRESIDING OFFICER
Original Application No: 729 OF 2023
HDFC Bank Ltd., Having its office at # 1-10-60/3, 3d Floor, Suryodaya Complex, Begumpet, Secunderabad lvlandal, Hyderabad-500016. Rep. by its Authorized Signatory.
.....Applicant.
Versus
lvlr. Adarsh Kumar Shukla, S/o. Anand PrakashShukla, Aged: 39 Years, Occ:PrivateEmploYee, R/o. Flat No. 2O3,2"d Floor, Paras Heights Apts., Near Kidz School,UPPerpallY, Rajendra Nagar, K VRangareddy, Hyderabad-500048.
Also at:
Mr. Adarsh KumarShukla C/o. Wipro Limited, Gate No. 1, SYNo.203/1, 1't Floor, WiproCircle, 53 IBM, N/Rl4icro Ltd., lvlanikonda, Gachibowli, Hyde ra bad- 500032. N^e
...Defendant
oA.NO.129/2023
Counselfor the APPlicant
Defendants
: Mr. M.SrinivasReddy
: Exparte
:: ORDER::
Whether theApplicant Bank is entitled for the claimmade in the oA against the Defendant?
oA.NO.129l2023
Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.
Kuf HWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendant?
1 provisions across 1 enactments
HDFC Bank Ltd.
Adarsh Kumar Shukla
Rameshwarkot
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
