Allowed

Hdfc Bank Ltd., v. v Rama Rao Bandaru

DRT30 Oct 2023OA/588/2022

Case brief

AI extract

What is this about?

In this recovery proceedings, the Tribunal allowed HDFC Bank's application for Rs. 27,89,339.49 against the defendant, who remained ex-parte. The Bank was granted permission to proceed against the defendant's property for realization.

What did the court decide?

Defendant directed to pay Rs. 27,89,339.49 with future interest @ 11 pcy.a. and costs; applicant entitled to proceed against defendant's properties; recovery certificate issued.

Hdfc Bank Ltd., versus v Rama Rao Bandaru — Banking and Recovery | DRT (2023)

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IN THE DEBTS RECOVERY TRIBUNAL-II^{AT HYDERABAD}

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DATED THIS THE 3oth DAY OF OCTOBER, 2023 PRESENT: SH. MI4ESHWAR KOTHE, B.Com., L.LB.^{(Hons.), M.A.} PRESIDING OFFICER

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Original Application No: 588 OF 2022

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HDFC Bank Ltd., H. No. 1-10-60/3,3'd Floor, Suryodaya Complex, Opp: Shoppers Stop, Begumpet, Hyderabad-500016. Rep. by its lv'la nager-Legal.

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.....Applicant.

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Versus

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V Rama Rao Bandaru S/o. Peddulu Bandaru, Aged: 34 Years, Occ: Private Service, F. No. G-3, P. No. 163, Bommarillu Homes, Srinivas Nagar Colony, Nizampet, Hyderabad, Telangana-500090.

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Also at: V Rama Rao Bandaru, S/o. Peddulu Bandaru, Aged: 34 Years, Occ: Private Service, C/o, International Specialty Products in Block C,7th Floor, Divya Sree omega, Kothaguda, Serilingampally, Kondapur, Hyderabad, Tela nga na^- 500032.

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And also at: V Rama Rao Bandaru, S/o. Peddulu Bandaru, Aged: 34 Years, Occ: Private R/o. 1- 105-s, LrG 11-162, Service,N*'e

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oA.NO.588/2022

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Housing Board Colony, Tadepalligudem, West Godavari, Andhra Pradesh-534101,

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,..Defendant

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Counsel for the Applicant Defendants

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: Lotus Law Associates

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:Exparte

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:: ILLLEE ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.27,89,339.49ps from the defendant with future interest @ 11olo p.a. compounded with monthly rests from the date of application till the date of realization along with costs.

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Summons served on sole defendant through paper publication. He was set exparte on 2L,O2,2O23 as called absent and no representation,

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The Applicant Bank examined 14. lYeenakshi, lvlanager-Legal, as AW-1 and marked 6 documents through her as Ex. A.1 to Ex. A.6.

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Ld. Counsel for the Applicant Bank reported orders may be passed on merits. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.6 marked on behalf of thq Applicant Bank

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V/g,t*

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oA.NO.s88/2022

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clinches the claim of the Applicant Bank against the defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs,

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In the result, the present Original Application No.5B8/2022 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.27,89,339.49ps with future interest @ 11olo simple from the date of application till the date of realization;

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ii) the applicant bank is entitled to proceed against the person and properties of defendant for realization of its dues;

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iir) the applicant bank is entitled for the costs.

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B, The Applicant Bank is directed to file Cost l4emo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certifi cate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on thisthe 3orh day of October, 2023 ) .

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ZV*"u (MMESHWAR KOTHE) PRESIDING OFF]CER

Hdfc Bank Ltd., v. v Rama Rao Bandaru

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. v Rama Rao Bandaru

Case brief

What is this about?

What did the court decide?

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