DRT-II Hyderabad allowed an Original Application filed by Punjab National Bank for recovery of Rs. 61,36,207.40 along with future interest and costs against two defendants who remained ex-parte.
Defendants directed to pay Rs. 61,36,207.40 with future interest and costs; applicant entitled to realize dues and recover costs.
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.
!IORIGINAU'
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 27th DAY OF SEPTEMBER, 2023
PRESENT: SH. MMESHWAR KOTHE, B,Com., L,LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 191 OF 2022
Punjab National Bank, Circle SASTRA, Hyderabad. Rep. by Chief Manager and Power of Attorney Holder.
.....Applicant.
Versus
Counsel for the Applicant
: Mr. Mannava Sravan Kumar
Defendants
: Exparte
:: :: !!-f,[ff,
oA.NO.19u2022
monthlyincludingpenal interest2olo from the date of applicationtill the date of realizationalong with costs'
Thepoint thatarises for considerationis:-
whether theAppticantBank is entitled for the claimmadein the OA against the Defendants?
oA.NO.191/2022
The Applicant Bank is directed to file Cost i,temo within 2 weeks from the date of receipt of this Order.
frw* 1k(uesnwen rorHel 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?
Punjab National Bank
Pittala Srinu
M/s CGR Collateral Management Ltd
Mmeshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
