In OA.No.85 of 2024, the Debts Recovery Tribunal allowed the bank's application for recovery of Rs.30,79,795.22 with interest and costs against the borrower-mortgagor who failed to comply with loan terms.
Defendant to pay Rs.30,79,795.22 with interest at 13% p.a. from 24.02.2024; applicant entitled to proceed against mortgaged property and costs of the OA.
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 RECOVERYTRIBUNAL-I AT HYDERABAD DATED THIS THE 4TH DAY OF SEPTEMBER'2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.85 ot 2024
Between:
Canara Bank, Shivajinagar branch, KotagallyMunnuru Kapu Sangam, Beside Hanuman Temple, New MPL No.3-4-198 & 3-7-t33, Kotagally, Maisammaveedi, Varni road, Nizamabad, Telangana -503 001. Rep by its authorized officer
Applicant
VERSUS
Sri ladavGangadhar Rao, S/o Jadav Narayana Rao, male, Aged about 62 years, occ: business, R/o H.no.2-3, Nagloor village, Gandhari Mandal, Nizamabad district, Telangana - 503 114.
Defendant
Counsel for the Parties:
For the Applicant : Smt TaranginiPisipati
For the Defendant : Exparte
ORDER
(Amended vide memo filed by Applicant bank)
(oA.No.8sl2024)
rests from 24.02.2024 till the date of realization and in default for sale of mortgaged property as described in the schedule to OA.
marked as Ex.A.1 to A.10.
.;
(oA.No.8s/202a)
and of the debt due.
(OA.No.8s/2024)
(Dictated to the p.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 4th day of Sept, 2024)
sd/(c. GoPtcHAND)
PRESIDING OFFICER
^TRUFcoPV L, "Ur#, Rist Rcglstror DRT.I, HYDERASAD.
2 issues framed by the court
Whether the Applicant Bank is entitled to recover the claim amount and costs against the Defendant as prayed in the OA?
Whether the Applicant Bank can proceed against the mortgaged property as debt due?
1 provisions across 1 enactments
Canara Bank
Gummadgi Gopichand
As recorded by the court registry
3 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
