Debt Recovery Tribunal allowed the bank's application for recovery by holding defendants jointly and severally liable for the debt amount, interest, and costs, securing the claim against hypothecated assets.
Defendants ordered to pay Rs. 59,29,869.98 with interest; claim secured by hypothecation; 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.IIAT HYDERABAD
DATED THIS THE 3oth DAY OF OCTOBER,2023
PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB.(Hons.),M.A. PRESIDING OFFICER
Original Application No: 741 OF 2022
Union Bank of India, Branch office at Banjara Hills, Opposite to GVK N4all, Road No.4, Banjarahills-500034. Rep. by its Chief lYanager.
.....Applicant.
Versus
Counsel for the Applicant : M/s. S. Mujib Kumar Defendants : Exparte /W,
oa.No.7 41/2022
:: ORDER:;
Whether the Applicant Bank is entided for the claim made in the OA against the Defendants and OA schedute assetsT
oa.No.74712022
ESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claimed amount under the Original Application against the Defendants.
Whether the Evidence Affidavit and marked documents establish the claim of the Applicant Bank.
Union Bank of India
M/s. Bhagavathe Enterprises
G. Divakar
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
