The Debt Recovery Tribunal allowed the original filed by the bank for recovery of a large sum from the defendant. Deemed service was made as the defendant absconded. The court held the defendant liable and granted recovery with interest and costs.
Ordered payment of Rs.48,47,165.90 with future interest at 10.75% p.a. and costs. Directed issuance of 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 TR]BUNAL-IIAT HYDERABAD DATED THIS THE 26th DAY OF SEPTET4BER,2023
PRESENT: SH. RAMESHWAR KOTHE,B.Com., L.LB.(Hons ),M.A. PRESIDING OFFICER
Original Application No: 622 OF 2022
HDFC Bank Ltd., One of its Branch office at 1-10-60/3, 3rd Floor, Suryodaya complex, Opp: Shoppers Stop, BegumPet, Secunderabad-500 016, TELANGANA Rep. by its Deputy- Legal Manager.
...Applicant
Versus
Mrs.Tanay Sharma, w/o Not Known, Aged about 45 Years. Occ: Prlvate Employee, R/o. Block D, Flat No.301, Lodha Meridian, Rain Tree ParkRoad, KPHB, Phase 5, Hyderabad-500072.
Also at:-
Mrs.Tanay Sharma C/o. Amazon Development Centre IndiaPvt. Ltd., Jairaj Orange Towers. Road No.2, Financlal District, Hyderabad-500032.
......Defendant
counsel for the Applicant : M.Srinivas Reddy Defendants : Exparte Mo
2
OA.No.522l2O22.
:; ORDER ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
$;*,
oA.No.52212022
3
lO.75o/op.a. simple, from thedate of applicationtill the date of realization;
Issue Recovery Certificateaccordlngly.
PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed amount from the defendant?
HDFC Bank Ltd.
Mrs. Tanay Sharma
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
