Allowed

Hdfc Bank Ltd. v. Mr. Biragala Krishna

DRT27 Dec 2024OA/125/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Application filed by HDFC Bank Ltd. for recovery of dues from the defendants, ordering payment with future interest and confirming the claim as secured by mortgage.

What did the court decide?

Defendants directed to pay Rs. 23,34,908/- with future interest; claim secured by mortgage; issue Recovery Certificate.

Hdfc Bank Ltd. versus Mr. Biragala Krishna — Banking and Recovery | DRT (2024)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 27th DAY OF DECEMBER, 2024 PRESENT: SH. RAT4ESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

¶2

ORTGTNAL APPLiCATTON No: 125 OF 2023
HDFC Bank Ltd..
Ha-ving-its- office at Bank House
f"3..i9,,1 J_3- zqq / e, 6ti itoor,
^u^dl|d Pa adium, Roari run I
iEil Ti,?l X ; ilt1:jj,'i?,-".',i,#.

¶3

.....Appticant.
Versus
1. Ivlr. B.iragala Krjshna.
J/ u. r!a9appa.
A9oed Major,rOcc: Farmer,
h;;,;::;5: ",,
, ;ii:u*:lr
fu:'trftiiiii"!;**'n*,
&[,::iiX#o1y,,i,,.!,, t"";",",,
' - i:X,"if ffiT:a Krishnaiah,
ff :fl Hly,"::i, Business,
+luthya/a nuJjr';jinthi wusu,,
;,X.lI?#.::IlXl:
Counsel for the App,icant ...Defendants
Def:ndants : M/s.M.Srinivas
Reddy
: Ex-parte
@,,*

oa.No,72s/2023

::^{qLLL& ::}

The Applicant^{Bankfiled the presentOA for the recovery a total} sum of^{Rs.23,34,908/-from the defendantsjointly and} severally^{together with @12olo &'74o/o p a} from 13.10.2022(Cash^{Credit)& 74 70 '2022 12olo in (DODFacilitv)} the statement^{date to the dateof award/decreeand thereafter} @^{180/o p'a compounded with monthlyrestsfrom the date of} application^{till the date of realization along with costs and in} Otit'n^{tt sale of oA scheduleproperty'}

¶8

2^{summons*,::i.":,:J} ::',i'i#':"liill^ii-'J"iil"l; no^{representation'}

¶9

u/hereas^surnmont ]'',1.*, ""0

¶10

06.09.2023^{as calledabsenr drru rrv} -.^, -^el^Manager,

¶11

-.^, -^el^Manager,

¶12

rhe^{App,icanr *"::l1T':::;::$;:,T;';:ll'J-o ' '"}

¶13

j as^{AW-1 and markedI} Ex.^A.10. , ,. ,.norted^{orders may be}

¶14

+,^{Ld. coun."rro' th",ltJi',fl:TffI'iurpru'"0on record'} Passed^{through rnerru}

¶15

s .^{rhe point thar} Whethel^"..'-. :";;;"j',i1fi Xr::lX for^{the ctaim.} 'nale^"'o'"-oA o' '"^schedule the^Defendants p roperty?ropertYl _,-^d ex-parte.^The

¶16

1. As :il:::'^{stared ;:'":i "l} d5::ff -:l:,:i':ll'[:^{:k{: ::ffi"!'::.:":':l;:l nfitil'#} "$:[ iltJ: t1-:J:r+]i.l t"'"t"1''* *irii;itft;1:u**ffi"*s'

¶17

oA.NO.12sl2023

¶18

to^pay the^{OA claim to the} Applicant^{Bank with futureinterest} and costs.

¶19

In the result,^the Present Original^{Application No'125/2023is} allowed as^{under: -}

¶20

The Defendants^{are jointly and severally}

¶21

i) liable to^{pay to the Applicant Bank a sum of} Rs,23,34,908/-^{with future interest @12olo} p.a. simple from^{the date of application till} the date^{of realization;}

¶22

the OA^{claim is secured by way of mortgage}

¶23

ii) of^{property described inthe schedule} annexed to^{the OA and the applicant bankis} entitled to^{proceedagainstthe same to} realise its^debt;

¶24

iii) the applicant^{bank is also entitled to proceed} against the^{person and properties of} defendants^{for realization of its dues;}

¶25

lv) the applicant^{bank is entitledfor the costs'}

¶26

B. The Applicant^{Bank is directed to file Cost Memo within2 weeks} from the date of^{receipt of this Order'}

¶27

q Issue Recovery^{Certificate accordingly'}

¶28

Communicate a^{copy of this order to the parties concerned'} (Dictated to the steno, corrected,^{signedand pronounced by me in the open court on} this the 27th^{Day of December, 2024)'}

¶29

/c%8

¶30

(M(ESHWAR KorHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Mr. Biragala Krishna

Case brief

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Hdfc Bank Ltd. v. Mr. Biragala Krishna

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