Debts Recovery Tribunal allowed the bank's application for recovery of dues against a defendant who appeared ex-parte, holding the defendant liable to pay the principal amount, interest, and costs.
Defendant to pay Rs. 26,13,022/- with interest at 8.25% p.a.; applicant entitled to enforce against properties; 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 23'd DAY OF FEBRUARY, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 448 OF 2022
State Bank of India, chandanagar, H.No.2-41l1A, 1st Floor, Behind Chandanagar, Ranga Reddy Bust stop, chandanagar. Rep. by its Authorized Offlcer/Manager.
.....Applicant.
Versus
Gajjala Abhishek Satish, S/o. Satish, Age: 36 Years, Occ: Employee, D.No. 6-1-113, Flat No.312,3'd Floor, Padmanabha Residency, Padmaraonagar, Secunderabad- 500025. . .. Defenda nt
: lvls. R. Aruna Counsel for the Applicant Defendants : Exparte
:: (LLLEB ::
oA.NO.448/2022
2
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
oa.No.44al2022
iii) the applicant bank is entiued for the costs.
OW"* (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendant?
State Bank of India
Rameshwar Kohth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
