Uco Bank v. B Subba Reddy
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Bank's Original Application for recovery of Rs. 24,34,880/- plus interest and costs held due from two defendants. Facts were established via evidence affidavits despite defendants appearing ex parte.
What did the court decide?
Ordered defendants to pay Rs. 24,34,880/- with future interest at 8.60% p.a. and costs; directed issuance of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 18th DAY OF MAY, 2023
PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application NOi 224 OF 2OZ2
uco BANK, CHTTTOOR BMNCH (218s) D.NO, 10.194, FIRST FLOOR, OPP. LIC OFFICE, GANDHI ROAD cHITOOR-517 001.
REP. BY ITS BRANCH MANAGER
...Applicant
Versus
- MR.B.Subba Reddy
S/O.MR.B. Nagamalla Reddy, Aged a bout 44years
Occupation : Agriculturist
D.no.7 /522, NGO Colony,
Kadapa town, Kadapa District.
- MR.M. Ramesh
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
Whether the Defendants are liable to pay the OA claim with future interest and costs?
Parties & counsel
- applicant
UCO BANK, CHITTOOR BRANCH
- respondent
MR.B.Subba Reddy
- respondent
MR.M. Ramesh
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court