In an ex-parte application, the tribunal allowed the bank's claim for recovery of approximately Rs. 96 lakh loans with interest and costs, holding the defendant liable to pay and confirming entitlement to sell hypothecated assets.
Recovery of Rs. 96,41,534.71 with future interest; direction to file cost memo; issuance of 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 HYDERABAD DATED THIS THE 23Td DAY OF JANUARY, 2024
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
Original Application No: 837 OF 2022
Bank of Baroda, Srinivasa Estates, Ground Floor, r-7-43/3l3UP/77t, f72, 172 P, Radhika Theatre X Roads, Hyderabad-62. Rep. by its Chief Manager.
.....Applicant.
Versus
M/s. Teja Borewell, Rep. by its Sole Proprietor Sri K.Mohan Rao, H.No.38-29/130/8, Telecom Colony, Sainikpuri, Hyderabad-500094. ... Defendant
Counsel for the Applicant Mr. CH.T.Sreerama Murty Defendants Exparte
:: C!..]LLEB ::
OY.'"
oA.NO.837/2022
9.05o/o and @ 7.75ohp.a. with penal interest @2olo respectively with monthly rests from thedate of OA till the date of realizatlon along with costs and indefaultfor sale of OA schedule hypothecated assets.
Whether the Applicant Bank is entitled for the claim made in the oA against the Defendant and OA schedule hypothecated assets?
3
oa.No-a3712022
Rs.2,37,351.9sps and Rs.16,35,439.78ps) with future interest @ 7.75olo p.a. simple from the date of application till the date of realization;
iii) the applicant bank is also entiued to proceed against the person and properties of defendant for realization of its dues; and
iv) the applicant bank is entiued for the costs.
//ryx''* kduesxwen xorne) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled for the claim made in the application against the defendant and OA schedule hypothecated assets?
Bank of Baroda
MMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
