The DRT allowed an original application filed by HDFC Bank for recovery of Rupees 60,60,852.91 with interest and costs against the Defendants, holding them jointly and severally liable.
Recovery of Rs. 60,60,852.91 with 8.7% p.a. interest, costs, sale of hypothecated assets, and issuance of Recovery Certificate.
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 16th DAY OF AUGUST, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 549 OF 2023
HDFC BanK Ltd., Having its office at # 6-3-246 & 6-3-244/A, 3'd Ftoor, Desk No.o196, Roxana Palladium, Road No.1, Banjara Hills,(Besides Virinchi Hospital), Hyderabad District - 500034. Rep. by its Authorized Signatory.
.....Applicant.
Versus
... Defendants
: M.V. KINI Counsel for the Applicant Defenda nts :Expartefu*
oA.NO.s4912023
2
:: ORDER::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefs?
oA.NO.s49l2023
3
ftw* (-,
(-, (RAIqESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled to the recovery claim against the Defendants?
Whether the Original Application regarding hypothecated assets should be allowed?
HDFC Bank Ltd.
M/s. Sri Tiles World
Mr. Vemula Prabhakar
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
