The Debts Recovery Tribunal allowed an original application filed by Standard Chartered Bank for recovery of a loan amount of Rs. 20,17,487.05 with future interest and costs against the defendant who remained ex-parte.
Liability to pay Rs. 20,17,487.05 with future interest @ 10.25% p.a. and costs granted.
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 DEBTSRECOVERYTRIBUNAL-II AT HYDEMBAO DATED THISTHE 14TH DAY OF AUGUST, 2024
PRESENT:SH. RAMESHWAR KOTHE,B.COM.,L.LB. (HONS.), M.A. PRESIDINGOFFICER
Original ApplicationNo: 835 OF 2022
M/s,STANDARDCHARTERED BANK,, 6-3- 1090,TSR Tower, Raibhavan Road,Somajiguda, Kh;iratabad Mandal,Hyderabad-82, Rep. by itsAuthorized Slgnatory.
...Applica nt
Versus [4/s. Ra mu EngineeringWorks., Rep by its Proprietor Arra ma lly Man ikyan, 4-3614, Vasavi Nagar Colony, Near Railway Track,Ramacha ndrapura m, Sanga reddy - 502032. Also at:H.No.4-36, VasaviNagar ColonY, Ramacha ndra PUram,OPPSangeetha Theater' sangaReddy - 502032
......Defendant
Counsel for the Applicant: Sagar & SagarLaw Offices Defendants : Ex-Parte
:: 9-LLL8-::
oA.No.835/2022
defendant with future interest @ L4o/o p.a. from the date of application till the date of realisation along with costs.
D.
Summon served on sole defendant through paper publication and was set ex-parte on 18.05.2023 as called absent and no representation.
3' The Appricant Bank examined Rajesh Kumar Bhatina, Manager as AW-1 and marked 06 documents through him as Ex, A.1 to Ex.A.6.
Whether the Applicant Bank is entiiled for the claim made in the OA against the Defendant?
OA.No.835/2022
3
simple, from the date of application till the date of realization;
(RAMESHWAR 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 defendant?
M/s STANDARD CHARTERED BANK
M/s RAJU ENGINEERING WORKS
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
