The Debt Recovery Tribunal allowed an original application filed by Yes Bank Ltd for recovery of dues from defendants. The court held defendants jointly and severally liable to pay the claimed amount with interest and costs.
Defendants directed to pay Rs.12,55,164.25 with future interest @12% p.a. 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-IIAT HYDEMBAD
DATED THIS THE 15th DAY OFAPRIL,2024
PRESENT: SH. RAMESHWAR KOTHE, B.COM,L.L.B' (HONS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATIONNO. 249OF 2022
M/s Yes Bank Llmited, # 1-8-387, 3'd floor, Agravanshi Plaza, HUDA Lane, S.P. Road, Secunderabad-500003 Rep by its authorized singatory
...........Applicant.
Versus
Also at:
lvlrs. Orsu Suseela H. No.5-65, Marripadiga, Gundala Ma nda l, Aler, Yadari District-508101. Defenda nts.
Counsel for the Applicant : M. Srinivas Reddy Defendants : Expa rte.
ORDER
2
oa.No.249 /2022
from the 10.0t.2022 till the date of realisation along with costs and sale of OA schedule hypothecated vehicle.
30.08.2022, as calted absent and no representation.
as Ex. A.1 to Ex.A.8.
The point that arises for consideration is:_
Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendants and OA Schedule hypothecated vehicle?
0A.NO.249l2022
@l2o/op.a. simple from the date of application i.e.,19.04.2022till the date of realization;
rdw"*'" &dr'rrsHwaRKorHE) PRESIDING OFFICER
h
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and the hypothecated vehicle?
1 provisions across 1 enactments
M/s Yes Bank Ltd
Mr. Orsu Narsimha
Mrs. Orsu Suseela
Rameshwar Kothe
B. Com. L.L.B (Hons.) M.A.
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
