Bank of Baroda v. Asyuraju
Case brief
What is this about?
Original Application filed by Bank of Baroda for recovery of unpaid loan jointly and severally along with future interest and costs against two defendants who were heard in absentia.
What did the court decide?
Defendants to pay Rs.38,31,193/- with future interest and costs; OA claim secured by hypothecated vehicle; recovery certificate to be issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II ATHYDEMBAD DATED THIS THEgrH DAY oF MARCH,2023
PRESENT: SH. RAMESHWAR KOTHE,B.COM,,L.LB. (HONS.), M.A. PRESIDING OFFICER
oA. NO. 473 0F 2022
Bank of Baroda Khairatabad Branch Hyderabad Rep. by its Chief Manager.
...Applicant,
Versus
- Mr. Asyuraju Gajjala S/o Sri Ananda Rao Gajjala Age: 30 years, Flat No.1B01 Tower No.17, Prajay MagaPolis Hafeezpet, KPHB 13 Phase Hyderabad - 500 085. 2. Mrs. Satti Priyanka D/o Sri Satti Padmakara Reddy Age: 30 years, Flat No.101 Hard Rock Classic View Apartments Behind Global Erudite School ...Defendants. Raghavendra Colony, Hyderabad, : Mr, Trivikram Chitturu. Counsel for the Applicant Defendants : Exparte :: Q_R P_L ! ::
- The Applicant Bank filed the present OA for the recovery of a sum of Rs.38,31,193/- jointly and severally from the \1">
oA.47tl2022
defendants with future interest @8.95olo p.a. with monthly rests from the date of Application till the date of realisation along with costs, and for sale of OA schedule asset.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants and the OA schedule asset?
Parties & counsel
- applicant
Bank of Baroda Khairatabad Branch Hyderabad
- respondent
Mr. Asyuraju Gajjala
- respondent
Mrs. Satti Priyanka
Coram
Case details
As recorded by the court registry
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