The Debt Recovery Tribunal allowed the bank's original application for recovery of Rs. 37.44 lakhs with interest and costs against absent defendants holding them jointly liable.
Defendants jointly liable to pay Rs. 37,44,346 plus interest; bank entitled to proceed against mortgaged property and deficiency in parties' properties.
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 DEBTSRECOVERY TRIBUNAL'II ATHYDERABAD DATED THIS THE31ST DAYOFN4ARCH, 2023
PRESENT: SH, RAMESHWARKOTHE,B.COM, L.LB. (HONS.), M.A. PRESIDING OFFlCER
oA. NO. 29 0F2022
UCO Bank lYad hapu r Branch Plot No.76, S.No. 76 Prabhavathi Plaza Beside ImageGardens Madhapr, Hyderabad Represented bYits ...Applicant Senior I\4anager
Versu s
oA.2912022
Counsel for the Applicant Defendant
: Mr. N.V. Subba Raju. i Ex-parte
::ORDER::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule property as prayed for?
oA.2912022
viz., Ex. A,1 to Ex,A.11 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay to the Applicant Bank the claim made in the OA with future interest and costs.
Kulr,'D SHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum and interest along with auction of the OA schedule property?
UCO Bank Hyderabad Branch
Alapati Bharati VijayaSri
Srinivas Kumar
Podeti Venkanna
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
