The Debts Recovery Tribunal allowed the bank's original application for recovery of Rs. 33,06,098.62 plus future interest and costs from the defendants, holding them jointly and severally liable based on ex-parte hearing.
Defendants ordered to pay Rs. 33,06,098.62 with future interest @ 8.25% p.a.; claim secured by hypothecated assets; costs awarded.
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.II AT HYDERABAD DATED THIS THE 23RD DAY OF AUGUST, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M,A. PRESiDING OFFICER
ORIGINAL APPLICATION No: 305 OF 2023
H DFC Ba n k Ltd., Having its office at # 1-10-60/3, 3'd Floor, Suryodaya Complex, Begumpet, Secunderabad Ma ndal, Hyderabad - 500016. Rep. by its Authorized Signatory.
.. ...Applicant.
Versus
Aged about 41 Years, Occ: Business, R/o. H. No.1- 110/4/M/861, Managarmaktha, 14ahaboobpet, Tirumalgiri, Miyapur, Hyderabad - 500049.
...Defendants
Counsel for the Applicant : M/s.M.Srinivas Reddy
Defendants
: Ex-parte No*'
oA.NO.305/2023
2
::qLLLB ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
oA.NO.305/2023
to pay the OA claim to the Applicant Bank with future interest and costs.
HK'""1
ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and hypothecated assets?
H DFC Bank Ltd.
Mrs. Paramanagari Latha
Mr. P.Yadaiah
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
