Uco Bank v. Srinivasa Rao
Case brief
What is this about?
Debts Recovery Tribunal allowed the application filed by UCO Bank for recovery of a loan from two defendants who failed to repay despite restructuring. The bank was held entitled to the claimed sum, interest, and sale of mortgaged property.
What did the court decide?
Defendants ordered to jointly and severally pay Rs. 1.27 crore plus interest; single petition allowed with costs; recovery certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE 8TH DAY OF JULY'2(/24
PRESENT: sRI GUMMADI GoPICHAND, PRESIDTNG oFFICER
OA.No.SO ot 2O23
Between:
UCO Bank, Malakpet branch, # t6-02-705/28, Mumtaz College road, Malakpet, Hyderabad - 500 036. Represented by its Chief Manager Cum Authorised officer
Applicant
VERSUS
- Sri V. Srin ivasarao, S/o Sri v. Shivaji Rao, aged major, Occ: business, male, H. No. 1-4-200l41C, Eshwaripuri Colony, Sainikpuri, Kapra, ECIL Post, block no.4, Keesara, Hyderabad - 500 062.
Also at
H.No.5-25, M.P. Patelguda, Ibrahimpatnam, Mangalapalli, Hyderabad - 501 510.
- Smt V. Anuradha, w/o Sri V. Srinivasa Rao, aged major, occ: business, female, H. No. 1-4-200141C, Eshwarip Colony, Sainikpuri, Kapra, ECIL Post, block no.4, Keesara, Hyderabad - 500 062.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants?
Parties & counsel
- applicant
UCO Bank, Malakpet branch
- respondent
V. Srinivasarao
- respondent
V. Anuradha
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 · Krishna Gopal Dwivedi
- Order 2 — this page · G. Gopichand
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