The Debts Recovery Tribunal allowed an Original Application filed by Union Bank of India for recovery of a loan amount of Rs. 23,38,709 along with interest against borrower and guarantors.
Recovery of Rs. 23,38,709 with interest at 13.45% p.a., recovery from mortgaged and other properties of respondents, and issuance of recovery certificate.
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 RECOVERYTRIBUNAL-I AT HYDERABAD DATED THIS THE 3OTH DAY OF JANUARY' 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.4O7 ol 2022
Between:
Union Bank of India, Malakpet branch, Malakpet, Hyderabad. Represented by its branch Manager
Applicant
VERSUS
Occ: business,
R/o H.No.MIG-2-48/d,
Housing board colony, Medchal, Ranga Reddy district.
(OA. No.a07l2022)
ORDER
(oA.No.a07l2022)
lOA.No.407l2o22l
Three Lakhs Thirty Eight thousand Seven hundred and Nine
only) with further interest @ 13.45olo p.afrom date of filing of oAtill realization.
(Dictated to the p.A., transcribed_ty her, corrected, signed and pronounced by me in the open court on this the 3oth day of Jan,2O24)
sdl(G. GOPICHAND) PRESIDING OFFICER
3 0 JAl' zut
1 issue framed by the court
Whether the Debts Recovery Tribunal is entitled to allow the claim for recovery made in the Original Application?
Union Bank of India
Gummadi Gopichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
