Uco Bank v. M/S E-Make
Case brief
What is this about?
Debt Recovery Tribunal II Hyderabad allowed the bank's original application for recovery of a substantial sum, joint and several liability with future interest, and costs from the defendants securing the debt against mortgaged properties.
What did the court decide?
Defendants are jointly and severally liable to pay Rs. 52,96,5921 with future interest at 9.60% p.a.; OA claim secured by mortgaged properties; entitlement to proceed against defendants' person and pr
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD
DATED THIS THE 26th DAY OF JULY, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 136 OF 2022
UCO BANK., Bandlaguda Branch, GSI Complex, Band laq uda, Nagole, Ranga Reddy. Rep. by its Authorized Signatory.
. . ...Applica nt.
Versus
- 14/s.E-lvlake Rep by its Managing Partners Vuppu Prudhvi Raj, Praveen Kumar Ithappu, H.No.2-1-111, Flat No.202, Sai Shreshta, lvlamatha Nagar Colony, Nagole X Road, Ranga Reddy - 500068.
Also at:-
M/s. E- Make Workshop, H.No.9-101/B/1, Ground Floor, Siri Heigh, Peerzadiquda, Boduppal, Hydera bad - 500039.
- Vu ppu Prudhvi Raj, S/o.V.Ramaiah, Ma naglnqpartner E- Ma ke,
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the original application against the Defendants and OA schedule properties?
Parties & counsel
- applicant
UCO Bank
- respondent
14/s.E-lvlake
- respondent
E-Make Workshop
- respondent
Vuppu Prudhvi Raj
- respondent
Praveen Kumar Ithappu
Case details
As recorded by the court registry
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