Drtnal allowed an order of admission (OA) filed by Union Bank of India for recovery of a vehicle loan of Rs. 29,93,275/- with future interest and sale of hypothecated vehicle.
Defendant liable to pay Rs. 29,93,275/- with future interest @ 20% p.a. Applicant entitled to proceed with sale of vehicle and costs of OA.
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IN THE DEBTS RECOVERYTRIBUNAL.I AT HYDERABAD
DATED THIS THE sTHDAY OF DECEMBER' 20.24
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.259 of 2024
Between:
Union Bank of India, 4-1-10, 1't floor, opp Wesley Church, Tilak road, Ramkote, Hyderabad - 500 001.
Represented by its branch Manager
Applicant
VERSUS
Mr. Shaik Khaja Pasha, s/o Shaik Madan Saheb, aged 37 yrs, occ: private employee, R/o H.No.616, Near bus stop, Vasanth nagar, Kukatpally, Hyderabad -500 085.
And also at
H.No.9- 1-6, gattigudem, Adarsh nagar, Palvancha, Khammam district -507 115.
Defendant
Counsel for the Parties:
For the Applicant
For the Defendant
: 'l-'J
i.a 0 5 oEcmt :
ORDER "+
1. The Applicant Bank filed the present OA aga nt for
recovery of a total sum of Rs.29,93,275l- (Rupees Twenty Nine
(OA'2s9 of 2024)
Lakhs NinetyThree Thousand Two hundred and seventy Six only) withfuture interest @ B.2Oo/o p.a from date of oA till the date of realizationand in default for sale of hypothecated vehicleas mentionedin the schedule to OA'
himself asAW.1 and exhibited relevant documents'
i: o s oec,nzr
(oA.2s9 of 20241
and costs.
{"
ceed st the Person
ebt due.
(OA.2sg of 2024)
(Dictated to the P.A., transcribedby her, corrected, signed and pronounced by me in the open court on this the5th day of Dec, 2024)
sd/_ (G. GOPICHAND) PRESIDINGOFFICER
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1 issue framed by the court
whether the Applicant Bank is entitled to recover the claimed amount including future interest and costs.
Union Bank of India
Mr. Shaik Khaja Pasha
Sri Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
