Debts Recovery Tribunal allowed the bank's application for recovery of dues from defaulting borrowers in ex-parte proceedings, declaring defendants jointly and severally liable to pay principal sums with interest and costs.
Defendants directed to pay Rs. 27,69,937.53 and Rs. 4,46,916.27 with future interest, plus costs; 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 28TH DAY OF MARCH, 2023
PRESENT: SH. RAN4ESHWAR KOTHE, B.Com, L.LB. (Hons.), M.A. PRESIDING OFFICER
oA. NO. r58 0F 2022
| State SME Secu Rep. |
Bankof India CC,Patny Centre ndera bad by ChiefManager. ....Applicant. |
|---|---|
| Versu | s |
| 1. | M/s. Sri Balaji BatteryCentre Proprietor,Sri SahadevaSheelam S/oSitarmuluSahadeva SituatedatH. No.10 Besides Hanuman Temple Chinthokata,New Bowenpally Secunderabad-500036. |
| 2. | Sri Sahadeva Sheelam S/oSltarmuluSahadeva R/o4-7-lt/25 RaghavendranearNachara m Hyderabad-500001, ...Defendants. |
| Counselfor theApplicant:Mr.Arun KumarSatyavolu. Defendants iEx-parte. |
|
| ::CLLLEE_:: | |
| 1. | TheApplicantBankfiledthepresentOAfor therecoveryofa totalsumolRs,27,69,937.53Psi.e.Rs.23,23,027.26Ps towardscash creditaccountNo.37258502254and ^"d u |
oa.1s812022
Rs.4,46,916.27Ps towards GECL-WCTL account No.39385399868 from the Defendants joinfly and severally with further interest @8olo and 7.4Oo/o p.a. respectively wtth monthly rests from the date of filing of the Application till the date of realisation along with costs, and for sale of OA schedule properties.
and marked 14 documents through him as Ex. A.1 to Ex. A.14.
Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendants and OA schedute assefs as prayed for?
oA.t58/2O22
to pay the OA claim to the Applicant Bank with future interest and costs.
(RAMESHWAR 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 Defendants?
State SME Secu
M/s. Sri Balaji Battery Centre
Sri Sahadeva Sheelam
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
