Allowed

Hdfc Bank Ltd., v. T.Nagaraju

DRT23 Nov 2023OA/721/2022

Case brief

AI extract

What is this about?

This Debts Recovery Tribunal allowed an Original Application filed by HDFC Bank Ltd. against T. Nagaraju for the recovery of a principal sum of Rs. 21,20,957.58 along with future interest and costs. In the absence of the defendant, the court held the defendant liable to pay the dues and directed the issue of a Recovery Certificate.

What did the court decide?

The defendant is liable to pay Rs. 21,20,957.58 with future interest @ 11.25% p.a. simple, costs, and the bank is directed to file a cost memo and issue a Recovery Certificate.

Hdfc Bank Ltd., versus T.Nagaraju — Contract and Commercial Disputes | DRT (2023)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDEMBAD DATED THIS THE 23'd DAY OF NOVEMBER, 2023

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PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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Original Application No: 72f 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 Manager-Legal.

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.....Applicant.

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Versus

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T Nagaraju, S/o. Katamraju Toluchuri, Aged: 39 Yea6, Occ: Private Service, Flat No.-1605, Tower-2, Emami Swanlake Apts, Kukatpally, Hyderabad, Telangana-500072.

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Also at:

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S/o. Katamaraju Toluchuri, Aged: 39 Years, Occ: Private Service, Unit 1 A 1't Floor Orwell Salarpuri, Krowledge City, Raidurg, Hyderabad, Telangana-500081

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..Defendant

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Counsel for the Applicant : Mr. Lotus Law Associates

Defendants

;Exparte

oa.NO.72U2022

:; ORDER::

The Appticant Bank filed the present oA for the recovery a total

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sum of Rs.21,20,9s7.58p0r s from the defendant with future

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interest (a 11 ,Eo/ - ""^0"" "i"oor:;J^{j;"""tedwithmonthlvrestsrrom} costs. the date of realization along with

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Summons served on sole defen t^.o*n paper publication.

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He was set 0"r," ""'ru.llll representation. 2023 as called absent and no

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The Applicant Bank examined Nl AW-l and .""0 ,-o".rr""o'11,"^to, Manager-Legar, as A.5. through her as Ex. A.1 to Ex.

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Ld. Counsel for the Applicant E reported orders may be

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passed on merits. perused,n" ,ll'f rterial placed on record.

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The point that arises for consideration is:-

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yhe.tler the Applicant Bank is entitted tor the claim made in the OO ,d,ri, the Defendant?

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As stated supra, the D Evidence Amdavit .orprud "f::du't^{remainedex-parte.} The the recitals in the documenb viz., Exs. A.1 to A.5 ,u.0.1'tn :li,".-"r",,";,n:;;'r1,.::,'r"j;lJ":[trj,;.::H1: Hence, I hold that the Defen is liable to pay the oA claim to the Appricant Bank with futur € interest and ,ort 1fuO

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oA.NO.72r.l2022

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In the result, the present Original Application No.72L/2022 is allowed as under: _

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i) the Defendant is liable to pay to the Applicant Bank a sum of Rs.2l,2O,957.SBpOs with future interest @ 11.25olo p.a. simple from the date of application till the date of realization;

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

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iii) the applicant bank is entiued for the costs.

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B. The Appricant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a coDv of this order to the parties concerned. (Dictated to the steno. corrprted,.signed and *;;;.#il;; in the open court on this the 23d Day of November, 2023J.

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Q%* (RAMESHWAR KOTHE) PRESIDING OTT,TCEN

Hdfc Bank Ltd., v. T.Nagaraju

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. T.Nagaraju

Case brief

What is this about?

What did the court decide?

What the court decided

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