The Debts Recovery Tribunal allowed the bank's original application. The court held defendants jointly and severally liable to pay the claimed sum with interest, directing enforcement via hypothecated vehicle or other properties.
Defendants to pay Rs.30,25,045.71 with interest; bank may realize debt via hypothecated vehicle and defendant properties; costs awarded.
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 HYDERABAD DATED THIS THE 27th DAY OF SEPTEIVIBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.(Hons.), Nl.A. PRESIDING OFFICER
Original Application No: 371 OF 2022
HDFC Bank Ltd., Branch office at 1-10-60/3, 3'd Floor, Suryodaya Complex, Opp: Shoppers Stop, Begumpet. Secunderabad Mandal, Secunderabad District-500016, Telangana State. Rep by its Manager Legal.
.....Appllcant.
Versus
Aged: Major, Occ: Business, R/o. H. No. 2-2, Ausulpalle, Medak-502113, Telangana State.
Aged: Major, Occ: Business,
Plot No. 1ElP 2E/P &,3,
Flat No. 301, Sri Santosh Heights Apts, Yellareddy Colony, Hayath Nagar, Hyderabad-501505, Telangana State.
Aged: Major, Occ: Business, H. No. 4-9-789, Flat No. 20, Yella Reddy Colony, Bagh Hayath Nagar, Hyderabad-501505, Telangana State.
... Defendants
4'w*
2
oa.No.37Ll2022
Counsel for the Applicant Defendants
: M.V. KINI
:Exparte
:: ORDER::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule hypothecated vehicle? tY^*^ ^
3
oA,NO.37V2022
'B,-.*t'
oA.NO.371/2022
Z'x:** (RTMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the Original Application against the Defendants and the OA schedule hypothecated vehicle?
HDFC Bank Ltd.
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
