The Debt Recovery Tribunal allowed the Original Application filed by HDFC Bank Ltd for recovery of dues (Rs. 24,67,669.77) along with future interest and costs from three respondents, holding them jointly and severally liable.
Recovery of Rs. 24,67,669.77 with future interest at 10.47% p.a. from the date of OA till realization along with 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-]I AT HYDERABAD DATED THIS THE 11th DAY OF JUNE 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com, L.LB. (Hons.), M.A. PRESlDING OFFICER
oA. NO. 542 0F 2023
HDFC Bank Ltd
Having its officer at # 1-10-60/3 3'o Floor, Suryodaya Complex, Begumpet , Secunderabad Mandal Hydera bad-500016, rep. by its authorized Signatory Mr. V.V.pavan Kumar S/o V V S Prasad, age 43 years Occ: manager-Legal,
I4ls. HDFC Bank Ltd, R/o Hyderabad.
....Applicant.
Versus
oa. s4212021
Counselfor the APPlica nt Defenda nts
Mr. M. SrinivasReddY
Ex-parte.
::qLD-EL-::
whether the Applicantis entitledfor OA claim against theDefendants as prayed for?
oA.54212023
@t0.47o/op.a. simple from the date of OA till realisaUon with costs. The applicant is also entitled to proceed against the secured assets and personal properties of defendants for realisation of its dues.
B. The Applicant is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
(Dictated to the steno, signed and pronounced by me in the open court on this the 11th day oflune, 2024).
Ow, (RAMESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the applicant is entitled to an OA claim against the defendants as prayed?
If the defendants are jointly and severally liable, what direction is necessary for relief?
HDFC Bank Ltd
Mrs. Sabavath Marki
Mr. Sabavath Lakya
Mrs. Nenavath Dharmi
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
