The Debts Recovery Tribunal ordered ex-parte recovery of Rs.37,55,213.21 plus interest and costs from defendants jointly and severally, enforcing claims secured by a hypothecated vehicle.
Defendants to pay Rs.37,55,213.21 with future interest at 7.99% p.a. simple cost memo within two weeks issue 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.
IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 17th DAY OF NOVEMBER, 2023
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.). M.A. PRESIDING OFFICER
Original Application No:487 OF 2022
Yes Bank Limited, Office at # 1-B-387, 2nd Floor, Agravanshiplaza, HUDA Lane, S. P. Road, Secunderabad-5OOOO3. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Counsel for the Applicant : Mr. M. Srinivas Reddy Defendants : Exparte
:: oRDER::
oA.NO,487/2022
2
from 11.03.2022till the date of realization along monthly rests with costs and in default for sale ofhypothecatedvehicle.
Whether the Applicant Bankis entitled for the claim made in theOA against the Defendants and OAhypothecated vehicle?
i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.37,55,213.21ps with future-interest @ ,.'/l\trv/ ^ t /!/ "n.1r ''
oA.NO.487l2O22
7.99o/o p.a. simple from the date of application till the date of realization;
Ow** (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the OA against the defendants and the hypothecated vehicle?
Yes Bank Limited
Chapala Ravi
Chapala Lakshmamma
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
