The Debt Recovery Tribunal allowed the original application filed by HDFC Bank Ltd. for recovery of a sum of Rs. 24,01,902.29 with future interest against the defendant, who was absent from the trial.
Defendant jointly and severally liable to pay Rs. 24,01,902.29 with future interest @ 12.25% p.a.; issue 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.II AT HYDERABAD DATED THIS THE 1sih DAY OF NOVEMBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 198 OF 2022
HDFC Bank Ltd., Having its office at # 1-10-50/3, 3'd Floor, Suryodaya Complex, Begumpet, Secunderabad [4andal, Hyderabad-500016. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Mr. Bushetty Ayyappa Prasad, S/o. Subbarayudu Bushetty, Aged: 36 Years, Occ: Business, R/o. H. No. 7-2O19/Blt, Near Siddi Vinayaka lVandapam, Safari Nagar, Kondapoor, Hyderabad-500084.
Also at: H. No. 18-295, Srinivasa Colony, Farooqnagar, Shadnagar, Mahaboobnagar Dist.-509216.
Also at: C/o. IBM India Pvt. Ltd., Avance Building Phonix, Near Dell Office, Hitech City, Hydera bad-500081. ...Defendant
Counsel for the Applicant : lv1r. lY. Srinivas Reddy Defendants
:Exparte ffirl
oA.NO.198/2022
:: ORDER::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
3
oA.NO.198/2022
K!n,
ESHWAR KOTHE)
PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
HDFC Bank Ltd.
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
