This Debts Recovery Tribunal order allowed an Original Application filed by HDFC Bank for recovery of Rs.47,36,700.68 plus future interest from the defendant, who remained in default.
Recovery of Rs.47,36,700.68 with future interest at 10.75% p.a. from the date of application, costs, and issuance of a 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.
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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 14th DAY OF DECEMBER, 2023 PRESENT: SH. MMESHWAR KOTHE, B.Com., L.L.B. (Hons.). M.A. PRESIDING OFFICER
Original Application No: 329 OF 2022
HDFC Bank Ltd., H. No. 1_ 10_60/3. 3'o Floor, Suryodaya Complex, Eegumpet, Hyderabad_500016. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Karanam Ajay Kumar, S/o. Karanam Na ga bh usha n a rao, R,/o. Flat No. 305, 3.d Floor. Green Iconial, Road No.2. Alkapur Township, Manikonda, Neknampur, Puppalaguda, KV Ra ngareddy near, Dil.ip Super Market, Htderabad, r erangana-500089.
Also at:
STPI, Sy No. 203/1, Manikonda Village, Financial District, Gachibowli, Hyderabad, Tela nga n a- 500032.
... Defendant
Counsel for the Applicant : Mr. Srihari Bathina
Defendants
:Expade
:: oRDER::
/'t*.r-
oA.NO'329/2022
interest@ 10'75o/op'a' along with interest@2oloP'a' on upaid EMIfrom the date of application till the date of realizationalong withcosts.
Thepoint that arises for considerationis:-
6.As stated supra' the Defendant remainedex-parte' The EvidenceAffidavit coupledwith the recitals in the documents viz,, Exs'A'1 to A'3 marked on behalf of the Applicant Bank clinchesthe claim of the Applicant Bank against the Defendant' Hence,I hold that the Defendantis liable to pay the OA claim to the ApplicantBank with futureinterestand costs'
oA.NO.329/2022
3
(nnffisnwan xorne) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled to claim against the Defendant?
Whether the Defendant is liable to pay the OA claim with future interest and costs?
1 provisions across 1 enactments
HDFC Bank Ltd.
MMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
