The Presiding Officer, Debts Recovery Tribunal-II, Hyderabad, allowed an Original Application filed by Indian Overseas Bank for recovery of Rs.61,95,212.52 along with future interest from the defendant, who remained ex-parte.
Defendant liable to pay Rs.61,95,212.52 with future interest, security via mortgage properties, 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 17TH DAY OF APRIL, 2023
PRESENT: SH. RAMESHWAR KOTHE, B.Com, L.LB. (Hons.), M.A. PRESIDING OFFICER
OA. No. 943 OF 2022
Indian Overseas Bank Anantapur Branch Plot No.36, Vidyuth Nagar Anantapur - 515 001 Andhra Pradesh Rep. by its Chief Manager.
....Applicant.
Ve rsu s
K. Narasimha Rao S/o K. Seshagiri Rao Major, Occ: Business R/o Flat No.5O3, 5th Floor Sri Sai Castle Apartment Aravind Nagar, II Cross Ananthapur - 515 001 Andhra Pradesh.
.... Defendant.
Counsel for the Applicant Defendant
Mr. Gampa Rangaiah. Ex-parte
:: ORDER ::
- The Applicant Bank filed the present OA for the recovery of a sum of Rs.61,95,212.52ps from the Defendant with future interest @10.25olo p.a. with monthly rests from the date of Application tilt the date of realisation and sale OA schedule properties.
oa.943lZO22
2
Whether theAppticant Bank is entitled for the claimmadein the OA against the Defendantand oA schedule properties asprayed or?
is liableto PaY Thedefendant i) to the ApplicantBank Rs.61,95,21252Ps with futureinterest @10.25olo P.a.simPle r/w:'" 1,/
oA.94312022
from the date of application till the date of realization;
'ffir't',
(RAMESHWAR KOTHE) PRESIDING OFFICER
I
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the Original Application against the Defendant and OA schedule properties as prayed.
Indian Overseas Bank Anantapur Branch
K. Narasimha Rao
Rameshwar Kotha
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
