Debts Recovery Tribunal allowed an Origin Application filed by Bank of Baroda for recovery of principal and interest along with costs and realization of hypothecated assets from defaulting borrowers and guarantors.
Quantity of Rs. 25,64,933/- with interest at 15% p.a. payable jointly and severally by defendants
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IN THE DEBTS RECOVERY TRIBUNAL.I AT HYDERABAD DATED THIS THE sTH DAY OF NOVEMBER' 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.2Z2 ot 2024
Between:
Bank of Baroda, Mehdipatnam Branch, Mehdipatna m, Hyderabad Represented by its Chief Manager
Applicant
VERSUS
(OA.No.222l202al
Counsel for theparties: For the Applicant Sri Trivikram Chitturu For the Defendants Exparte
ORDER
1' The Appricant Bank fired the present oA against Defendants for recovery of a total sum of Rs.2S,64,g33/_ (Rupees Twenty Five Lakhs Sixty Four thousand Eight Hundred and Thirty three only) with future interest @ 15o/o p.a with monthly rests from date of application tiil the date of rearization and in defaurt for sare of hypothecated movables as described in the schedule to OA.
lOA.No.z2z/20241
09.03.2024. Inspite oF several requests and demands, the
defendants did not clear the outstanding. Hence this OA.
entitled for the claim made in the OA against the Defendants as
prayed for?
costs, as u nder:
loA.No.222/202a)
The Defendants are joinUy and severally liable to pay to the Applicant Bank a total sum of Rs.25,64,g33/_ (Rupees Twenty Five Lakhs Sixty Four thousand Eight Hundred and Thirty three only) with future interest @ 15olo p.a from date of application till the date of realization;
movables as described in schedule to OA towards rea lization of the
debt due.
and properties of defendants No.2 to 4 and properties of defendant
no.1 firm towards rea lization of the debt due.
of receipt of order.
$ : ir!j{ IEt
sdl(G. GOPTCHAND) PRESIDING OFFICER
t,"+r#i:'jE:'
4
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants?
Bank of Baroda
M/s. Mahaveer Soft Solution pvt Ltd
It4rs. Gayatri Abburi
Mrs. Kotha Bhavani
Mr. Macha Venkata Krishna
Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
