DTII at Hyderabad adjudicated an ex-parte original application for bank recovery. The court held defendants jointly and severally liable to pay dues and directed issuance of a Recovery Certificate.
Defendants restrained from disputing the claim; directed to pay Rs. 24,89,763.00 with future interest and costs; 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 12th DAY OF OCTOBER, 2023
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.). M.A PRESIDING OFFICER
Original Application No: 748 OF 2022
ICICI Bank Limited, Gachibowli, ICICI Towers, Serilingamapally Mandal, Ranga Reddy Dist. Rep. by its Authorized Signatory.
.....Appticant.
Versus
Counsel for the Applicant : Mr. G. Adrian Kiran Raj Defendants ' exrarteTfW>,/*g
oa.No.748/2022
::qLLEB::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated vehicle?
oA.NO.748/2022
arowed as under: -
ts
ii) ttre OA ctaim t"t"uo bY wa, of hypothecation o'tt schedure annexeo'"I''",n1"'If":J,,1: applicant bank is to proceed aeainst the same *","" *::t::::
iii) the applicant bank is also entiued to proceed against the person and properties of defendants for realization of its dues; iiD the applicant bank is entiued for the costs.
rrom the date of receipt of tnotllil"tt
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claim against the Defendants and the OA-hypothecated vehicle?
1 provisions across 1 enactments
ICICI Bank Limited
Bommakanti Narsimha
Pulakaram Saidulu
MMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
