Original Application for recovery filed by State Bank of India against Defendant. Court heard applicant, noted defendant absent. Held claim valid on evidence. Order allowed recovery.
Defendant directed to pay Rs.34,20,995/- with future interest. Claim secured by hypothecated vehicle. Recovery Certificate issued.
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 TRIBUNAL-II AT HYDERABAD DATED THIS THE 22"d DAY OF SEPTEMBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), tvl.A. PRESIDING OFFICER
Original Application No: 724 OF 2022
State Bank of India, SARB-II, Chikkadpally, Opp: Sandhya Theater, RTC X Road Hyderabad. Rep. by Chief Manager.
.....Applicant.
Versus
Sri. Karavendla Vijay Kumar, S/o. K. Bhaskar Rao, Aged:37 Years, Occ: Employee, R/o. Plot No.68/1, Sharada Nagar, Vanasthalipuram, Ranga Reddy District-500070.
Also at: Sri. Karavendla Vijay Kumar, Associate Vice-President, Redington (India) Ltd., 6-3-1086, sth Floor, Vista Grand Tower, Rajbhavan Road, Somajiguda, Secunderabad-sooo82.
... Defendant
: Mr. M. Venkat Oivakar Counsel for the Applicant
Defendants
: Exparte Cry"O
o a,No.72412022
::g-LLEB ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA schedule vehicle?
oA,NO.72412022
iii) the applicant bank is also entitled to proceed against the person and properties of defendant for realization of its dues;
iv) the appllcant bank is entitled for the costs.
K*s HWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA schedule vehicle?
State Bank of India
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
