Debts Recovery Tribunal allowed an original application for recovery of Rs. 26,23,602.98 plus interest and costs from borrowers who remained in default despite being called absent.
Allowed OA for recovery of Rs. 26,23,602.98 with 11.30% simple future interest, costs, and issuance of recovery certificate.
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 19th DAY OF OCTOBER, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 830 OF 2022
Bank of India, Kukatpally Branch, 1st Floor, ADR Estate, Bhagyanagar Colony, Kukatpally, lvledchal Malkajgiri Dist. Hyderabad-500055. Rep. by its Constituted Attorney. .....Applicant.
Versus
Wo.Sri. SrinivasaRao Koduri, Aged: 50 Years, Occ: Business, R/o. Flat No. 103, H. No. 22-75813/1O3, Sundaram Residency, Jayanagar Colony, Opp: Ladder School, Kukutpally, Hyderabad-500072.
oa.No.830/2022
Counsel for the Applicant
Defendants
Mr. D. Brahma Reddy
Exparte
:: CLLLEB ::
Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendants?
oA.NO.83O/2022
to pay the OA claim to the Applicant Bank with future interest and costs.
iiD the applicant bank is entifled for the costs.
rrom the ou,u or.".",0, oit"nl:;;*"
,]ry,,.,,* (r<fuesswAi ro+rer PRESIDTNG orrrcei
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
Bank of India, Kukatpally Branch
M/s. Sai Fortune Pack India Pvt. Ltd.
Smt. Durga Rani Koduri
Sri. Srinivasa Rao Koduri
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
