Yes Bank v. Pallapu Vignesh
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application for recovery against defendants who were absent, holding them jointly and severally liable with future interest and authorizing enforcement against a hypothecated vehicle.
What did the court decide?
Defendants ordered to pay Rs. 23,91,200.77 with interest; approval to enforce against hypothecated vehicle and defendant's properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYOERABAD DATED THIS THE 2oth DAY OF NOVEMBER, 2023
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), N4.A. PRESIDING OFFICER
Original Application No: 629 OF 2022
Yes Bank Limited, Office at # 1-8-387, 3'd Floor, Agravanshi Plaza, HUDA Lane, S. P. Road, Secunderabad-500003. Rep. by its Authorized Signatory.
.....Applicant.
Versus
- Mr. Pallapu Vignesh, S/o. P. Peddulu, Aged: 40 Years, Occ: Business, R"/o. H. No. 1-92, Kappapahad, Ranga Reddy, Hyderabad-501506.
- lv1rs. Pallapu Ramadhavi, W/o. P. Vignesh, Aged: 35 Years, Occ: Housewife, R/o. H. No. 1-92, Kappapahad, Ranga Reddy. Hyderabad-501506
..Oefendants
Counsel for the Applicant
Defendants
: Mr. M. Srinivas Reddy : Exparte OX"*
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed sum and proceed against the hypothecated vehicle?
Parties & counsel
- applicant
Yes Bank Limited
Coram
MMESHWAR KOTHE
Case details
As recorded by the court registry
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