M/S. Andhra Pradesh State Financial Corporation v. M/S. Vaishnavi Sales Corporation
Case brief
What is this about?
The DT acknowledged a Debt Recovery Tribunal suit filed by the State Financial Corporation for the recovery of a loan; the Court set the case aside on grounds of a lack of jurisdiction.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL.I AT HYDERABAD DATED THIS THE 26THDAY OF IIOVEMBEp.' 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.256 of 2O24
Between:
M/s. Andhra Pradesh State Financial Corporation, Branch at Mahabubnagar, Vijayavandana towers, Opp Post office, Mettuguda, Mahabubnagar - 509 002. Represented by its Branch Manager Applicant
VERSUS
- M/s. Vaishnavi Sales Corporation, A partnership firm, Represented by its Managing Partner, Smt Jyotsna Kulkarni, Female, flat no.11, 1't floor, H,No.2-3-52l1, MG road, Rani gunj, Secunderabad - 500 003.
- Smt Jyotsna Kulkarni, w/o Sudhakar Rao, aged 56 yrs, occ: business, fernale, R/o H.No.B-B-314, Road no.5, Greenpark colony, Karmanghat, Hyderabad - 500 032.
- Sri M. Srinivas, S/o M. lanannadham, .dAged 53 years, occ: busi Male, R/o 14- 1-64, venu Colony, Ivl.G. Road, Warangal - 506 012. cnclants
(oA. No.2s5l2024)
Counsel for the Pa r ties: For the Applicant
Issues for consideration
1 issue framed by the court
whether the Applicant Bank is entitled to recover the claimed amount and interest from the Defendants as prayed for in the OA
Parties & counsel
- applicant
M/s. Andhra Pradesh State Financial Corporation
- respondent
M/s. Vaishnavi Sales Corporation
- respondent
Smt Jyotsna Kulkarni
- respondent
Sri M. Srinivas
Coram
Case details
As recorded by the court registry
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