In an ex-parte order under Section 17 of the SARFAESI Act (by reference to standard DRAT procedure), the Tribunal allowed the bank's application for recovery of Rs. 40,12,874.03 along with interest and costs against two defendants.
Defendants jointly and severally liable to pay Rs. 40,12,874.03 plus future interest @ 11.25% p.a. 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 HYDERABAD DATED THIS THE 6th DAY OF SEPTEMBER, 2023 PRESENT: SH. RAMEsHWAR KoTH 'RESTDTNGS;8...? , L.LB. (Hons.),M.A.
Original Application No: 551 OF 2022
HDFC Bank Ltd., H.No. 1- 10-60/3, 3d Floor, Suryodaya Complex, Opp; Shoppers Stop, Begumpet, Hyderabad_5OOO 16 Rep. by its Manager_Legal.
.....Applicant.
Versus
S/o. Ch Guruvaiah lS:9: 16years, Occ: Doctor, H. No. 2-1-811, Nagole X Road, Hyderabad, Tetang;na _500168.
...Defendants
Counsel for the Applicant : Mr. N.B. Sudarshan
Defendants
: Exparte AW
oA.NO.ssu2022
:: qLLEB::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
3
oA.NO.551/2022
iii) the applicant bank is entiued for the costs.
//'w* (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?
HDFC Bank Ltd.
Sai Sravan Health Care Private Limited
Dr CH Srinivas
Rameshwar Koth
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
