The Debts Recovery Tribunal allowed the bank's original application for recovery of dues jointly and severally against two respondents, awarding future interest and costs based on ex-parte evidence.
Respondents directed to pay Rs.29,24,724.22 with future interest at 16% p.a.; bank entitled to costs and 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 HYDEMBAD
DATED THIS THE 23RD DAY OF AUGUST, 2024
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), lvl.A. PRESIDING OFFICER
Original Application No: 817 OF 2022
HDFC BanK Ltd., Having its office at # 1-10-60/3, 3'd Floor, Suryodaya Complex, Opp: Shoppers Stop, Begumpet, Secunderabad Mandal, Secunderabad District-5000 16. Telangana State. Rep by its Authorized signatory'
...Appricant
Versus
Rep by A. Ma llikarjuna Reddy,
Age lvlajor, Occ: Business,
Shop No.17, D.No.7-4-ZZ0/7UG1 to G3,
Enclave, Nethji Nagar X Road,
ECIL, Hyderabad, Telangana - 500060.
Shop No.17, D.No.7-4-220/17 /G 1 to G3, Enclave, Nethji Nagar X Road, ECIL, Hyderabad, Telangana - 500060.
...... Defendants
Counsel for the Applicant : M.V.Kini
Defendants : Ex-parte ew'
OA.No.8ul2022
2
:: g-LD-LB_::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
OA.No.8t712022
3
ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
HDFC Bank Ltd.
M/s.Velocity Rock Machinery Tools Private Limited.
A. Mallikarjuna Reddy
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
