The DRT allowed a suo moto/summary recovery application filed by the bank against the sole defendant who remained absent. The court held the defendant liable to pay the claimed principal sum with future interest and costs.
Defendant directed to pay Rs. 29,87,040.23ps with future interest at 11.25% p.a. simple and costs.
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 DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 17th DAY OF NOVEMBER, 2023
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.). M.A. PRESIDING OFFICER
Originat Application No: 33 OF 2023
HDFC Bank Ltd., Having its office at 1-10-60/3. 3'd Floor, Suryodaya Complex, Begumpet, Hyderabad-SOOO16. Rep. by its Authorized Signatory.
....Applicant.
Versus
Mr. Srinidhi Krishnamacharv. S/o. Krishnamchary R/o. Flat No. 201, Plot No. 333,33S, Sri Sai Hanuma Residencv. Sai Bhagway Colony, Beeramguda, Ameenapur, Medak, Telangana -502032.
Also at:
Maximu-s Towers 28, Huda Techno Enclave, Hitech City, Hyderabad, Telangana-5OOOgl.
... Defendant
Counsel for the Applicant : Mr. Srihari Bathina Defendants : Exparte OyS*
Defendants
oA.NO.33/2023
2
:: qLLqE ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
__,r.-\1.Np
oA.NO.33/2O23
Ow*'n (RAMESHWAR 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.
Mr. Srinidhi Krishnamachar
Mmeshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
