In Debts Recovery Tribunal-II at Hyderabad, the Presiding Officer allowed HDFC Bank's original application for recovery of a decretal balance against two ex-parte defendants, who were held jointly and severally liable.
Defendants to pay Rs. 17,63,590.56 with interest; applicant bank entitled to proceed against properties for realization and for costs.
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 DEBTSRECOVERYTRIBUNAL-II AT HYDERABAD DATEDTHIS THE7th DAY OF AUGUST' 2023
PRESENT: SHRAMESHWARKoTHE' B com 'L LB (Hons )' M A' PRESIDINGOFFICER
originalApplicationNo: 69 OF 2022
HDFC BankLtd , Havingofficeat # 1-10-60/3, 3'd Floor, SurYodaYaComPlex, BegumPet, secunderabadMandal, Hvderabad-500016. Rep. bYits AuthorizedSigantorY'
......APPlicant
VERSUS
D/o. Mr.Sambaiah H.No; 185/5,D.No' 419, Road No:16 & 17,ShivamHills' HayathNagar, Hyderabad-501505'
.......Defendants
Counsel forthe APPIicant Counsel forthe Defendant
: Mr. N. B. Sudarshan :Ex-Parteffi*
OA No.59/2022
ORDER
Whether the Applicant Bank is entitled for the balance claim made in the OA against the Defendants and hypothecated vehi;le?
OA No.59/2022
clinches the balance claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinfly and severally liable to pay the OA ctaim to the Applicant Bank with future interest and costs.
allowed as under: -
KlDn
ESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the balance claim made in the OA against the Defendants and hypothecated vehicle?
Whether the Defendants are jointly and severally liable to pay the claim with future interest and costs?
HDFC Bank Ltd
Mrs. Vanama Vijayalakshmi
Mr. Vanam Ravinder
Rameshwarkothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
