Allowed

Hdfc Bank v. Srilatha Puchalapalli

DRT19 Jul 2023OA/813/2022

Case brief

AI extract

What is this about?

The Tribunal allowed an Original Application filed by HDFC Bank Ltd. for recovery of Rs. 22,20,884.38 plus future interest and costs from the respondent Srilatha PuchalaPalli, who remained in default.

What did the court decide?

Recovery of Rs. 22,20,884.38 with future interest and costs, directed to proceed against person and properties, and issue of Recovery Certificate.

Hdfc Bank versus Srilatha Puchalapalli — Contract and Commercial Disputes | DRT (2023)

¶1

IN THE DEBTS^{RECOVERY TRIBUNAL.IIAT HYDEMBAD} DATED THIS^{THE 19thDAY OF JULY,2023}

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PRESENT: SH.^{RAMESHWAR KOTHE,B.COM.,L.LB. (HONS.), M.A.} PRESIDING OFFICER

¶3

Original Application^{No: 813 OF 2022}

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HDFC Bank Ltd., Having its office at^1-10-60/3, 3rd Floor, SuryodaYa^ComPlex, Opposite ShoPPers^StoP, Begumpet, Secunderabad^Mandal, Hyderabad-500016. Represented by^its Legal Manager.

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...Applicant

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Versus

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Srilatha PuchalaPalli D/o Pattabhi PuchalaPalli, H, No.6-3-609/612,^{Flat No'207,} Apex Residency, Anand^Nagar Colony, Khairatabad, Hyderabad, Telangana-500044.

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Also at:Srilatha Puchalapalli Age 46^years, Occ: EmPloyee, C/o Government of^{TelanganaRevenue,} (St) Department, Near Chermas Abids, Hyderabad, tela nga na- 500003.

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Also at:Srilatha PuchalaPalli Age 46^years, Occ: Employee, H. No.6-3-609/612, Flat No.512, Apex Residency, Anand Nagar Colony, Khairatabad. Hyderabad, Telangana-500044.

fuo

......Derendant

OA.No.813/2022

Counsel for the Applicant

: M.V. Klni

Defendants

:Exparte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery of a sum of Rs.22,20,884.38ps from the defendant with future interest @ 24olo p.a. with monthly rests from the date of Application till the date of realisation along with costs.

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Summon served on sole defendant and was set exparte on 06.01.2023 as called absent and no representauon.

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The Applicant Bank examined Kulkarni Akshay Kumar, Manager as AW-1 and marked 06 documents through him as Ex. A.1 to Ex. A.6.

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Heard the Ld. Counsel for the Applicant Bank and perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to 46 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to^pay the OA claim to the Applicant^{Bank with} future interest and costs. dry*O

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OA.No.813/2022

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In the result, the present Original Application No.813/2022 is allowed as under:^-

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.22,20,884.38ps with future interest @ 10,50o/o p,a. simple, from the date of application till the date of realization;

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

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iii) the applicant bank is entitled for the costs.

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B, The Applicant Bank is directed to file 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 copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 19th day ofJuly, 2023) .

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Ow* (RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank v. Srilatha Puchalapalli

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Srilatha Puchalapalli

Case brief

What is this about?

What did the court decide?

What the court decided

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