Debts Recovery Tribunal allowed the bank's original application to recover Rs.27,42,809.35 plus interest from the defendants, confirming their joint and several liability and entitlement to proceed against mortgaged property.
Defendants jointly and severally liable to pay Rs.27,42,809.35 with interest; application secured by mortgage; Recovery Certificate issued.
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 HYDEMBAD
DATED THIS THE 26th DAY OF MARCH, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com, L.L.B. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No. 449 OF 2023
Canara Bank, Mangasamudram Branch, Chittor District, Rep by its Manager
...........Applicant.
Versus
Counsel for the Applicant : lYr. T. Nagender Defendants : Exparte.Exparte.
: Exparte.Exparte.
ORDER
oA.NO.44912023
oA.NO.44912023
/4W* lftfwesHwnRKorHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA Schedule property?
Whether the defendants are jointly and severally liable to pay the OA claim to the Applicant Bank.
1 provisions across 1 enactments
Canara Bank, Mangasamudram Branch
Maanyam Lokesh Naidu
Maanyam Suresh Babu Naidu
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
