The Debts Recovery Tribunal allowed an original application filed by HDFC Bank for recovery of a sum of Rs. 25,85,117.52 with future interest and costs from the defendant, who remained ex parte, upon perusal of the bank's evidence.
Defendant directed to pay Rs. 25,85,117.52 with interest at 12% p.a., costs awarded, Recovery Certificate issued.
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 DEBTSRECOVERYTRIBUNAL-II AT HYDEMBAD DATED THISTHE 26th DAYOFJULY, 2023
PRESENT:SH.RAMESHWARKoTHE,B com', L LB' (Hons')'M A PRESIDING OFFICER
Original ApplicatlonNo: 326 OF 2022
HDFC BankLtd, H. No. 1-10-60/3, Suryodayacomplex,Opp. Shoppers Stop, Begumpet,HYderabad-500016 Rep. by itsLegal Manager.
......Appticant
VERSUS
Also at:
Nemichand Kumawath, S/o. Kumavath PaPuram Aged:32 Years,Occ: Business, C/o. TirumalaPalastics No.74134SY No.296, GaganPahand,Rajendranagar, Hyderabad, Telagana-500077.
.......Defendants
Cw*
OA No.326/2022
Counsel for the Applicant : Mr. N. Sudarshan Counsel for the Defendant : Ex_parte
ORDER
Whether the Applicant Bank is entided for the claim made in the OA against the Defendant?
OANo.32612O22
l-.1ence, I hold that the Defendant is liable to pay the oA claim to the Applicant Bank with future interest and costs.
ii) the applicant bank is entitled to proceed against the person and properties of defendants for realization of its dues;
/J,ffi'* MESHWAR 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.
SH. RAMESHWAR KO THE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
