Allowed

Hdfc Bank Ltd., v. Janagama Bheemaiah

DRT30 Aug 2024OA/309/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application filed by a bank for recovery of dues. The respondent defendant remained ex-parte. The court held the defendant liable to pay the claimed sum with future interest and costs based on marked documents.

What did the court decide?

The defendant is directed to pay Rs. 29,80,840.45 with future interest at 11.49% p.a. simple and costs; Recovery Certificate issued.

Hdfc Bank Ltd., versus Janagama Bheemaiah — Banking and Recovery | DRT (2024)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 3OTH DAY OF AUGUST, 2024

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PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (HonS.), M.A. PRESIDING OFFICER

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Original Application No: 309 OF 2023

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HDFC BanK Ltd., One of its Branch office at 1-10-60/3, 3rd Floor, Suryodaya Complex, Opp: Shoppers Stop, Begumpet, Hyderabad - 500 016. Rep. by its Legal Manager.

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...Appticant

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Versus

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lanagama Bheemaiah, S/o.Venkati lanagama, Age 48 Years, Occ: Salaried, C-14, KTPP Colony, TS GENCO, Chelpur, Ghanpur, Mulugu Warangal Parkal - 506170.

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Also at: -

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Janagama Bheemaiah, C/o.Telangana State Power Generation Co, TS GENCO, KTPP Bhupalpatti, Parkal, Andhra Pradesh - 506170.

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Also at:Janaga ma Bheemaiah, H.No.7-2-31, Indra Nagar Janagama, Ramagundam, Karimnagar, Maredupaka, Karimnagar - 505209.

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......Defendant

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Counsel for the Applicant : Dr.M.P.kashyap Defendant : Ex-parte

Oy.$Lt

OA.No.309/2023

::^qLLLB_::

1. The Applicant^{Bankfiled the present OA for the recovery of a sum} @

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Rs.29,80,840.45ps^{from the defendantwith future interest} 10.99%^{p.a. compounded with monthly rests from the date} of application till^{the date of reatisatlonalong with costs'}

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Summon served^{on sole} defendant and^{was set ex-Parte on} 13.10.2023 as^{called absent} and no rePresentation.

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The Applicant Bank examined Sumaya^{Shaik, Legal Manager as AW-} 1 and marked 05 documents^{through her as Ex. A.1 to Ex A 5'}

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Ld. Counsel for^{the ApplicantBank statedorders may be passed on} merits and^{perused the materialplacedon record'}

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The^point that^{arisesfor considerationis:-}

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Whether the Applicant^{Bank is entitled for} the ctaim made^{in the OA against the} Defendant?

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As stated supra, the^{Defendant remained ex-parte'The Evidence} Affidavit coupled with the^{recitals in the documents viz', Exs A l to} A.5 marked on behalf^{of the ApplicantBank clinchesthe claim of the} Applicant Bank against the^{Defendant. Hence, Ihold that the} Defendant ls liable to^{pay the OA claimto the Applicant Bank with} future interest and^costs.

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In the result, the^{present OriginalApplication} -Uo.309/2023^is atrowed as under: - y'ryffiv\

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OA.No.309/2023

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.29,80,840.45ps with future interest @ ll.49o/o p.a. simple, from the date of application till the date of realization;

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ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for realization of its dues;

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iii) the applicant bank is entitled for the costs.

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B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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9, Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 30th day of August, 2024) .

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frw*

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd., v. Janagama Bheemaiah

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. Janagama Bheemaiah

Case brief

What is this about?

What did the court decide?

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