The Tribunal allowed an Original Application filed by HDFC Bank for recovery of a sum of Rs. 25,70,675 with interest and costs from the defendant who remained absent from the proceedings.
Ordered payment of Rs. 25,70,675 with future interest at 10.75% p.a. simple; authorization to proceed against person and properties for realization and award of costs.
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 29th DAY OF JANUARY, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.(Hons.), M.A. PRESIDING OFFICER
Original Application No: 436 OF 2022
HDFC Bank Ltd., H.No.1-10-60/3, 3'd Floor, suryodaya Complex, Opp. Shoppers Stop, Begumpet, Hyderabad-500016. Rep. by its Manager-Legal.
.....Applicant.
Versus
Sudhakar Sadam, S/o. Venkataiah Sadam, Age: 36 Years, Occ: Salaried, Flat No. 302 Plot No. 3-947, Road No.48, Ayyappa Society I'lega Mills, Madhapur, Hyderabad-500081.
Also at:
sudhakar sadam, C/o. Varsity Education Management Privat corporate Office 46 Floor, Plot No. 80, Sri Sai Plaza, Ayyappa Society Layout, lladhapur, Hyderabad-500081.
Also at: Sudhakar Sadam, S/o. Venkataiah, 2- 150, Krishnajl Gudem, ...Defendant Ganpur Station, Warangal-506301.
Counsel for the Applicant : Mr. M.P.Kashyap Defen dant : Exparte fflrrrry. ^n Lrl?-*.-</sup>
oA.NO.436/2022
:: (LLLEB ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
3
oA.NO.436/2022
'//d.'** MESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
HDFC Bank Ltd.
Sudhakar Sadam
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
