In OA No. 848/2022, the Debts Recovery Tribunal allowed an application filed by HDFC Bank Ltd. for recovery of Rs. 32,83,023.83 plus interest and costs from the defendant, who remained absent. The court held the defendant liable and issued a recovery certificate.
Recovery of Rs.32,83,023.83 with future interest at 10.50% p.a., costs, and a 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.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 21't DAY OF OCTOBER, 2024 PRESENT: sH. RA'-'1fl4T#flIT;ri.t"fl ' L' LB' (Hons' ), M.A.
OriginatApplication No: B4B OF 2OZ2
HDFC Bank Ltd.. ;":t #iiS!iF! JJX.s#,1 ;lo. 6 o/ 3, nvju'"6ui -:bil';i:o"dMandar, Rep. by its Legal llurug"r.
...Applicant
Versus
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......Defendant
Counsel for the Applicant
Defendants
; M.Srinivas Reddy ' E*0urtu6fu9''totn
OA.No.848/2022
A
i: ORDER::
meritsand '""'"0
6.As stated supra' the Defendant ::T[:.il::[";]::-tJ'ri:: t n ec lta iimor tne
Arfidavitcoupledwith the recitals '" ::}"i;;es O"n"nof the Applicant Bank clinchesh
A'8marked "t Applicantutnn ln"'"'tme oetendant' t"Hence' theApplicant Bank withIhold-that the Defendantis liabte to pay the oA ;; futureinterest and costs'
7.rn the ,"rrnl^lll present ht#-trrication
allowedas under: ' A'
OA.No.848l2O22
:
I
(RAMESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Defendant is liable to pay the claimed dues to the Applicant Bank?
Whether the Applicant Bank is entitled to proceed against the person and properties of the defendant for realization of its dues?
2 provisions across 1 enactments
HDFC Bank Ltd.
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
