Hdfc Bank v. Swathi Muthyala
Case brief
What is this about?
The Debt Recovery Tribunal allowed an original application filed by HDFC Bank Ltd. for recovery of a loan principal and interest. The court held the defendants jointly and severally liable and issued a recovery certificate.
What did the court decide?
Defendants declared jointly and severally liable to pay Rs.33,18,346.82 plus interest and costs; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-]I AT HYDERABAD DATED THIS THE 24th DAY OF I4AY, 2023
PRESENT: SH, RAMESHWAR KoTHE, B.com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 63 OF 2022
HDFC BanK Ltd., H.aving its office at 1-10-60/3, 4'" floor, (4A), Suryodaya Comptex, Begumpet, Hyderabad-500016. Represented by its authorized Signatory Mr.Velamuri Venkata Pavan Kumar.
.....Applicant.
Versus
- Mrs. Swathi Muthyala, O/W/C/o Mohan Reddy Muthyata, R/o plot No.682, SP Vinayaka Hilts,
Almasguda. Hyderabad, Telangana -500058.
- Mr. Bhanu Chander Kallu, S/C/o Raghuma Reddy Ka u, R/o. H.No.22-682,plot No.682, Vinayaka Hills, Phase-3, Road No.3, Almasguda, Hyderabad, Telangana -500058.
... Defendants
Counsel for the Applicant Defenda nts
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule assets?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Mrs. Swathi Muthyala
- respondent
Mr. Bhanu Chander Kallu
Coram
Case details
As recorded by the court registry
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