Hdfc Bank Ltd. v. v. Nagendra Rao
Case brief
What is this about?
Debts Recovery Tribunal adjudicated on an outstanding loan recovery application. The defendant remained in ex-parte status. The court found the bank's evidence sufficient and allowed the application for recovery.
What did the court decide?
Defendant to pay Rs. 29,99,815.61 plus future simple interest at 11.25% p.a. and costs; Applicant Bank directed to file cost memo; Recovery Certificate to be issued.
What the court decided
IN THE DEBTS RECOVERYTRIBUNAL-II AT HYDERABAD DATED THIS THE23.d DAY OF NOVEMBER,2023
PRESENT: SH. RAMESHWAR KOTHE,B.Com.,L.LB. (Hons.),lvl.A. PRESIDING OFFICER
Original Application No: 289 OF2022
HDFC Bank Ltd., H. No, 1- 10-60/3, 3'd Floor, Suryodaya Complex, Opp. Shoppers Stop, Begumpet, Hyderabad-500016. Rep. by its l,4anager Legal.
.....Applicant.
Versus
V Nagendra Rao S/o. Subba Rao, Aged: 53 Years, Occ: Private Service, R/o. 3-3-12 Bandlaguda, Jagir Durga Devi colony, Rajendra Nagar, Don Bosco Nagar, Rajendra Nagar, Hyderabad, Tela nga na- 500086.
Also at: V Nagendra Rao O/o. Grey Hounds Company, Government of Telangana QTHNo. 12, Vyas Nagar, Manchiruvla, Rajendra Nagar, Hyderabad, Telangana-500072.
... Defendant
Counsel for the Applicant ; Louts Law Associations Defendants ,r"o"n //y*fr
2
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendant?
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
Rameshwar Koth
Case details
As recorded by the court registry
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