Hdfc Bank v. Avula Krishna
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application for recovery of Rs 20,52,927.06 plus interest and costs from the defendants, holding them jointly and severally liable and allowing proceeding against hypothecated vehicle.
What did the court decide?
Defendants ordered to pay Rs 20,52,927.06 with future interest; OA claim secured by hypothecated vehicle; costs awarded to applicant.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 22"d DAY OF AUGUST , 2023
PRESENT: SH. MN4ESHWAR KoTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 509 OF 2022
HDFC Bank Ltd., Having Office at # 1-10-60/3, 3'd Floor, Suryodaya Complex, Begumpet, Secunderabad lYandal, Hyderabad-500016. Rep. by its Manager-Legal. VERSUS 1. Mr.Avula Krlshna, S/o. Lachaiah Aged: 37 Years, Occ: Business, R/o. 01-l5,Sunkenapalli Post, Chityala Mandal, Sunkenapally, Nalagonda-508252. 2. Mr. Ganganaboina Linga Swamy, S/o. Ramulu, Aged: 29 Years, Occ: Business, 2-36, Aregudem, Choutuppal Mandal, Nalagonda-508252.
......Applicant
.......Defendants
Counsel forthe Applicant : Dr. 1.4. p. Kashyap Counsel for the Defendant : Ex-parte Aw"t
2
OA No.509/2022
ORDER
- The Applicant Bank filed the present OA for the recovery of a total sum of Rs. 20,52,927.06ps from the Defendants jointly and severally with future interest @ 18o/o p.a. with monthly rests from the date of this Application till the date of realization along with costs and default for sale OA hypothecated vehicle.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the balance claim made in the OA against the Defendants and hypothecated vehicle?
Parties & counsel
- applicant
HDFC Bank Ltd.
Coram
M. Eshwar Kothe
Case details
As recorded by the court registry
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