Allowed

Hdfc Bank Ltd., v. G Ravi Kumar

DRT13 Nov 2023OA/827/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of Rs. 21,87,931.13 plus future interest and costs. The Respondent defendant remained ex parte, and the tribunal held the evidence affidavit and documents sufficient to establish liability.

What did the court decide?

Decree for payment of Rs. 21,97,931.13 with future interest and costs; Recovery Certificate to be issued; Authority to realize dues.

Hdfc Bank Ltd., versus G Ravi Kumar — Banking and Recovery | DRT (2023)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 13th DAY OF NOVEMBER, 2023

¶2

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

¶3

Original Application No: 827 OF 2022

¶4

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.

¶5

.....Applicant.

¶6

Versus

¶7

G, Ravi Kumar, S/o. Satyanarayana Gunturu, Agedt 42 Years, Occ: Private Service, Flat No. 302, Shivaahan Residency, Road No. 16. Panchavati Colony, Mainkonda Near, lvana Studio, Puppalaguda, K V Ranga Reddy, Hyderabad, Telangana-500089.

¶8

Also at:

¶9

G. Ravi Kumar, S/o. Satyanarayana Gunturu, Aged: 42 Years, Occ: Private Service, C/o. Sodexo Facilities lv'lanagement Services, Sy. No.40 and 41 Kakatiya Hills, Madmapur, Guttala Begumpet, Hyderabad, Telangana-500033.

¶10

... Defendant

¶11

Counsel for the Applicant : Louts Law Associations Defendants :Exparte OK"

oa.No.a27l2022

:: ORDER::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.21,87,931.13ps from the defendant with future interest thereon @ 10.75olo p.a. compounded with monthly rests from the date of application till the date of realization along with costs

¶16

Summons served on sole defendant through paper publication. The defendants were set exparte on 2t.O6.2O23 as called absent and no representation.

¶17

The Applicant Bank examined Nikhila yedla, Manager Legal, as AW-1 and marked 6 documents through her as Ex. A.1 to Ex.

¶18

Ld. Counsel for the Applicant Bank reported orders may be passed on merits. perused the material placed on record.

¶19

The point that arises for consideration is:-

¶20

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

¶21

As stated supra, the Defendant remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to 4.6 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. .,r1\r,_u-"t"tt

¶22

oA.NO.A27l2O22

¶23

In the result, the present Original Application No.B27 /2022 is allowed as under: -

¶24

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.21,97,931.13ps with future interest @ 10.75olo simple from the date of application till the date of realization;

¶25

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

¶26

iii) the applicant bank is entitled for the costs.

¶27

The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

¶28

Issue Recovery Certificate accordingly.

¶29

Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 13b Day of November, 2023) .

¶30

firy"n (Afiq'ESHWAR KorHE) PRESIDING OFFICER

Hdfc Bank Ltd., v. G Ravi Kumar

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. G Ravi Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Sabihe Ayyub Kapadia and Ors. versus Idfc First Bank Ltd.

Ms Sangini Textile versus Punjab National Bank

Union Bank of India versus G.K. Fashion Hub

Gireesh Sivasankar versus Sundaram Home Finance Ltd.

Icici Bank Limited versus Shamshiri Infra Projects Pvt. Ltd.

Karur Vysya Bank versus Prevalant Cab