Hdfc Bank v. Rajendar Chapala
Case brief
What is this about?
The Tribunal allowed the application filed by HDFC Bank Ltd. against two defendants for the recovery of a sum of Rs. 32,34,973.95 along with future interest and costs.
What did the court decide?
Defendants liable to pay Rs. 32,34,973.95 with future interest; bank entitled to proceed against hypothecated vehicle and other properties for realization of dues.
What the court decided
IN THE DEBTSRECOVERY TRIBUNAL-II AT HYDERABAD DATED THISTHE 11thDAY OF NOVEMBER,2024
PRESENT: SH. RAMESHWARKOTHE, B'COM.,L.LB. (HONS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATIONNo: 730 OF 2022
HDFC Bank Ltd., Having its office at #1-10-60/3, 3'd Floor, 34, SuryodayaComPlex, Begumpet, Hyderabad- 500016. Rep. by its Authorized Signatory. .....Applicant. Versus 1. Mr.Rajendar Chapala, S/o.Chennaiah, Occ: Business, Age 29 Years, R/o.H.No.1-7, Gujja, Narayanapur, Nalgonda, Telangana - 508253. 2. Chapala Ravi, S/o.Chennaiah, 9:-c:..B.ysiness,Age 28 years,' R/o.H. No, 7 _7, Kamma Gudem, Gujja, Nalgonda, Telangana _ 508253. . , . Defendants Counsel for the Applicant M/s.srihari Bathina Defendants : Ex-pa rte :: ORDER;: 1. The Applicant Bank file sum of Rs.3234,973.d_theFresent oA for thr recoverv a tota' 8,s6so7 rrom the o"r"ij::. "0"' t;";';;e ', o ", ", ", r r r'Mjffiitf ;:: :r:
oA.NO.7?Ol2O22
@10.48olo & 9.650/o p.a. along with future interest @ 2olo p.m. from the date of application till the date of realization along with costs and in default for sale of hypothecated vehicle.
- Summons served on D1 and 2. They were set ex_parte on t0.04.2023 as called absent and no representation.
- J.) The Applicant Bank examined Sumaya Shaik, Legal Manager, as AW-1 and marked 04 documents through her as Ex. A.1 to Ex. A.04.
Issues for consideration
1 issue framed by the court
Whether the applicant bank is entitled for the claim made in the OA against the defendants and the hypothecated vehicle?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Mr. Rajendar Chapala
- respondent
Chapala Ravi
Coram
Case details
As recorded by the court registry
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