Hdfc Bank v. S Ramdas
Case brief
What is this about?
Recovery Tribunal allowed the bank's application declaring respondents jointly and severally liable to pay a sum of Rs.22.03 lakhs towards a pending loan account with future interest and enforcement of security.
What did the court decide?
Directed defendants to pay Rs. 22,03,234.25 with interest; OA claim secured by hypothecated vehicle; bank entitled to proceed against properties; costs awarded.
What the court decided
IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDERABAD DATED THIS THE 13TH DAY OF APRIL, 2023 PRESENT: SH. RAMESHWAR Ko. L. LB. (HONS. ), M.A. PRESIDIN JIEiF?.:CEOJ,
oA. NO. 83 0F 2022
HDFC Bank Ltd. Br,anch Office at: 1_ 10-60/3, J" t-toor, Suryodaya ComDlex opp: Shoppers Stop, Begumpet secunderabad Mandal Secunderabad District _ 5OO 016. Kep. by its Legal Manager.
....Applica nt.
Versus
- Mr. S. Ramdas S/o Sri Gandaiah Sanqareddv lS_"j lbgyt46 years, bcc:Busrness :r-l/,, srjohash Chandra Bosh Ndgar Kandi, Medak District Telangana - 502 285.
- 14rs. Sangareddy Suva rna Wo S. Ramdas, Aqe: Maior 9-72 S.ubhash ChJnOra tiose Nagar Kandi, Meda k District Telanga na - 502 285.
... .. Defenda nts.
Cou nsel for the Applicant Lou nsel for Defendants
lvl. V. Kini. Ex pa rte.
/^v
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled to the OA claim against the Defendants for the balance amount and OA schedule assets even after settlement of another loan account?
Whether the defendants are jointly and severally liable to pay the OA claim in exparte proceedings?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Mr. S. Ramdas
- respondent
Mrs. Sangareddy Susanna
Coram
Case details
As recorded by the court registry
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