The Debts Recovery Tribunal allowed the Original Application filed by Standard Chartered Bank for recovery of dues amounting to Rs.37,85,524.01 along with future interest and costs, noting the defendant appeared ex-parte.
Defendant directed to pay Rs.37,85,524.01 with future interest at 17.25% p.a., costs, and applicant to issue 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.
]N THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 14TH DAY OF AUGUST, 2024
PRESENT: SH. RAMESHWAR KoTHE, B.com,, L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Apptication No: 836 OF 2022
M/S.STANDARD CHARTERED BANK., 6-3- 1090, TSR Tower, Rajbhavan Road, Somajiguda, Khairatabad f4andal, Hyderabad-82, Rep. by its Authorized Signatory.
"A,Plicant
versus
IY/s. Zen Security Services., Rep by its Proprietor [4r.Chinthala Mohan Rao, D.No.7-2-751/4/B/3, Sai Krishna Colony, Rajendranagar, Hydera bad - 50003 0, Ranga Reddy District.
...... Defendant
Counsel for the Applicant : Sagar & Sagar Law Offices Defendants : Exparte
:: ORDER ::
oA.No.836/2022
2
oA.No.836/2022
3
PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
1 provisions across 1 enactments
M/s. Standard Chartered Bank
M/s. Zen Security Services.
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
