Debts Recovery Tribunal allowed the applicant bank's origin application for recovery of Rs. 20,31,965.38 plus future interest and costs, holding the defendant liable in absence of rebutting material.
Order allowed for recovery of Rs. 20,31,965.38 with future interest and costs; recovery certificate issued; applicant permitted to proceed against assets.
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 DEBTSRECOVERY TRIBUNAL'IIAT HYDEMBAD DATED THIS THE11th DAY OF JUNE2024 PRESENT: SH.RAMESHWAR KOTHE,B.COM, L.LB. (HONS.), M.A. PRESIDINGOFFICER
oA. NO. 26tOF 2023
H DFC Bank Ltd. Having lts Offlce at #1-10-60/3 3'd Floor, suryodayacomPlex Begumpet, Secunderabadmandal Hyderabad-500016,rep. by its authorized Signatory Mr. SPrabhu Kumar S/o Babu nab, age 38years, Occ: Manager-Legal M/s. HDFC BankLtd, R/o. HYderabad
....Applicant.
Versus
lYrs. Sand h u Srisudhamai W/o. Sadhu VenkataSesha Kiran Kumar Aged: 41years, Occ:Proprietor of lY/s. Sri Tej Movers,#Flat No. 301 Emerald Block, MYHime lewel,near Gangaram Bus StoP,Madinaguda Hyderabad- 500049.
Also at: Mrs. Sad hu Srisudhamai C/o. M/s. Sri TejMovers, # 4-43, cround Floor, B K GudaEnclave Miyapur , Hyderabad- 500049.
.. .. Defendant.
Counsel for the Applicant : Mr- M Srinivas Reddy Defendant i Ex-parte. dyor;r"
2
o4.267/2023
:: ORDER ::
as AW-1 and marked Ex. A-1 to Ex. A-10 documents.
Whether the Applicant is enti ed for OA claim against the Defendant as Prayedfor?
oA.26tl2OZ3
applicant is also entitled toproceed against the secured assets and personal properties of defendants for realisation ofits dues.
(Dictated to the steno, signed and pronounced by me in the open court on this the l1th day ofjune, 2024).
PRESIDING OFFICER
2 issues framed by the court
Whether the applicant bank is entitled to recover the negotiated OA claim against the defendant?
Whether the applicant can proceed against secured and personal assets of the defendant?
HDFC Bank Ltd.
SANDHU Srisudhamai
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
