This Bench disposed of an application filed by the State Bank of India and directed the Respondents to show cause within seven days as to why the OA of SEBI should not be dismissed.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 19th DAY OF SEPTEMBER,2024 PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB, (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATiON No: 741 OF 2023
BANKOF BARODA (Erstwhile Vijaya Bank) secunderabad Branch. ;.o' -Road,Secunderabad. Kep. by its Chief Manager.
.....Applicant.
versus
1. Ivrls.yoga plastics
KeP by its pran,i^^
''flffiffiN*
'ffi#,ffiffiffii*,*,
. .. Defendants
Counsel for the Applicant
: t4/s.Trivikram
Defendants
Chitturu
r Ex-pafte
;: oRDER :;
2
oA.NO.747/2023
under TermLoan-Iwith future interest@ 11'50o/op'a'' a sum of Rs.9,91,043/-under Cash CreditLoan with future interest @ 11.500/o P.0.,0 sum of Rs'4,68,355/-under Term Loan-IIwith future interest @15.85o/o P'd', ts sum of Rs'7'10'2731-under FITL Loanwith future interest@ 11'50% P'o'' 6 sum of Rs.6,22,3961-underWCTL Loanwith future interest@ 11'50o/o P.d.,d sum of Rs'1,35'092/- under FITL-li Loan with future interest @100/o p'a' and a sum of Rs'69'2171- underWCTL-II ' Loan withfutureinterest @ 10'50% p'a' from the defendants 'rnontnlyrests from the date of jointly andseverally applicationtill the date of realization along with costs and in defaultfor sale of hypothecated assets' 2. : "]':: s um m on s serv ed "",r", il: ;. i[T',:'::L',:T::'"i" wereset ex-Parte o representation' . ,, ^:-,(rtrfl?r, chief Manager' as rheApp,ican.'"":."J::::i:ll1[:T"J';;'.A 1 to Ex AW-land marked4l A.48. -^-r,,eoort€dos6sss rnaY be record 4Ld counse, ::';,::,1'J"'"*il:::::ffiul"oon Passedthrough m
Thepoint that arises for considerationis:- 5'
assets?
fif:"yffi:k]l: 6 :il':::';:"J;
":;':'":ll'[:
oA.NO.741l2023
viz., Exs.A.1 to A 48 markedon behalf of the Applicant Bank clinchestheclaimoftheApplicantBankagainsttheDefendants. Hence, Ihold that the Defendants are jointlyand severallyliable topay the oA claim to the Applicant Bank with future interest andcosts.
4
oA.NO.747/2O2?
iv) the applicant bank is entiiled for the costs.
o The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
10, communicate a copy of this order to the parties concerned. (Dictated to the steno, correcte, -signed ""ap.r".!'a-L, _" ,, the opencourt on this the 19th Day of September, 2024).
//ry"'*^ lnhMesHwnR KorHE) PRESIDING OFFICER
Bank of Baroda (Erstwhile Vijaya Bank) Secunderabad Branch
Avlis Yoga Plastics
Mmeshwar Kothey
As recorded by the court registry
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