The Tribunal allowed the bank's recovery application against a defaulting defendant based on documentary evidence, ordering payment of the principal sum with future interest and allowing recovery proceedings.
Defendant ordered to pay Rs.23,59,512.69ps with future interest; Recovery certificate to be issued; Costs awarded to the applicant bank.
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.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 27th DAY OF DECEMBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com, L.LB. (HonS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No. 587 OF 2022
H.D.F.C. Bank Ltd H.No. 1-10-60/3, 3'd Floor, Suryodaya Complex, Opp. Shoppers Stop, Begumpet, Hyderabad-5000 16 Represented by its Manager-Legal Applica nt.
Versus
Bhukya Shankar S/o Poolu Age:32 years, Occ: Business R/o. 14- 1-2 lt/ 621/ 59 / 1-, Parwathnaga Allapur, Borabanda, Hyderabad Telangana-500018
Also at:
Bhukya Shankar C/o.l't Stop Facility Services R/o.8-3-231/ B/11, Sri Krishna Nagar, Yousufguda, Hyderabad Telangana500045
defenda nt.
Counsel for the Applicant : Mr. N. Sudarshan Defendant : Exparte.
ORDER
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was set ex-parte on 2t.02.2023, as called absent and representation.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
i) the defendant is liable topay to the Applicant Bank a sum of Rs. Rs.23,59,512.69ps with future interest @L2o/o p.a. simple from the date of application till the datercf realization: /ry**
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1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
H.D.F.C. Bank Ltd
Bhukya Shankar
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
