Allowed

Uco Bank v. Smt.Mauram Rajitha

DRT14 Jun 2024OA/139/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by UCO Bank to recover Rs. 72,54,572 with future interest and costs against two respondents, authorizing the sale of scheduled assets and directing the issue of a recovery certificate.

What did the court decide?

Recovery of Rs. 72,54,572 with future interest at 7.55% p.a. simple and costs; authorization to proceed against secured and personal assets; direction to issue Recovery Certificate.

Uco Bank versus Smt.Mauram Rajitha — Banking and Recovery | DRT (2024)

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"ORIGINAL''

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD

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DATED THIS THE 14th DAY OF JUNC 2024

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PRESENT: SH. RAMESHWAR KOTHE, B. Com, L.LB. (Hons.), M.A. PRESIDING OFFICER

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oA. NO. 739 0F 2022

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UCO Ba nk, At bandlaguda branch, GSI Complex, Band laguda, Nagole, Hydera bad.

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Rep by its Senior Manager.

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....Applicant.

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Versu s

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Smt. Mauram Rajitha, W/o Boya Shaik Shavali,

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H.No.7- 44 / 7, Sy. No, 229lAA, Bomma raspet Village, Shamirpet !'la ndal,

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Medchal- M a lkajg iri- 50 00 7B.

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Boya Shaik Shavali S/o B. Ad iba lana H.No.7-44/ 7, Sy.No.229lAA, Bommaraspet Village, Sha mirpet Mandat, Medchat-Malkajgiri-500078.

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.... Defendants.

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Inrs. K, Nq r,o\rr r n. srn{itri&JJY Counsel for the Applica nt mqt Defendants : Ex-pa rte.

O R D E R :: frffs,u

.v)

The Applicant filed the present OA for the recovery of a sum of Rs. 72,54,512ps from the Def( rutu re interest @ 7. 40"/" p. "^{- .J::::#:Tilffi :il,:,;:l}

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the date of Application till realisation along with costs and sale of OA schedule assets.

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The defendants were set exparte.

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The Applicant Bank examined Borate Neeta Shyam, Branch as

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AW-1 and marked Ex. A_1 to Ex. A_12 documents.

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Heard the Ld. Counsel for the Applicant. perused the material

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placed on record.

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The point that arises for consideration is:_

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Whether the Appticant is enti ed for OA claim against the Defendants as prayed for schedule assets?

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In absence any material to r€ hord that the Derendants ,, i:I.Hfiil':lj"::l?J liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the resutt, the present Original Apptication No.139/2022 is allowed for Rs. 72,54,572ps with future interest @g.55o/o p.a. simple from the date of OA till realisation with costs, the applicant is also entifliid to proceed against the secured assets and personal properties of defendants for realisation of its dues.

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Ss.tr

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The Applicant is directed to fil€ st Memo within 2 weeks from the date of receipt of this order.

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Issue Recovery Certificate accordingly.

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or this order to the parties concerned and :;,Ti:T,l ir,t""rt;:g

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l}:iTr'":::Hfi:"t 'isned and pronounced bv me in the open court on this the 14rh

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(RAIVlESHWAR KOTHE) PRESTDING orrrcei

Uco Bank v. Smt.Mauram Rajitha

Case brief

What is this about?

What did the court decide?

Uco Bank v. Smt.Mauram Rajitha

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Parties & counsel

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