The Debt Recovery Tribunal allowed the bank's application for recovery of a loan amount with future interest and costs, holding the defendants jointly and severally liable and ordering the issuance of a recovery certificate.
Defendants to pay Rs. 2,97,40,273.47 with future interest at 9% p.a. and costs; Recovery Certificate to be issued.
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 3OTH DAY OF OCTOBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.COM., L.LB.(HONS,), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 104 OF 2025
Kotak Mahindra Bank Ltd., Having its Branch Office at 6-3-7709 / 7lP/302, 3d Floor lewel Pavani Towers, Rajbhavan Road Somajiguda, Hyderabad - 500082. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Also at:-
10-3-59, Opp Patmas High School, Fathe Nagar Main Road, Hyderabad - 500018.
Also at:-
Villa No. D. No.1-3 L-955/42, Manasarovar Villas II, Military Dairy Farm Road
Ward No.7, Lotus Pond Colony Kanajguda, Tirumalgiri, Secunderabad-500018.
Also at:-
1-7 -64/ 4/D /36, Plot No.21, Tadkole Village, Banswada lvlanda I Nizamabad District - 503187. Kot'
oA.NO.104/2025
W/o.pawan Agarwal, Aged Major Ucc: Housewife, R/o. Flat No.G2 H.No.2-6- 16/ 17, Laxmi Saraswathi Apts, Btock B, LIC Cotoby, Sikh Village, Secunderabad - 500009,
... Defendants
Counsel for the Applicant Defendants
M/s. M. Srinivas Reddy
Ex-parte
:: ORDER ::
The Applicant Bank examinedp. Sridhar Reddy, Senior Manager, as AW-1 and marked 16 documents through him as Ex. A.1 to Ex. A.16.
5, The point that arises for consideration is:_
Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendants and OA schedule properties? /wv'"
oA.NO.104/2025
3
oA,NO.104/2025
,..^1 (t$s"e (MMESHWAR 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 Defendants and OA schedule properties?
Kotak Mahindra Bank Ltd.
M/s. Shri Durga Laxmi Traders.
Mr. Pawan Agarwal
Mrs. Shilpa Agarwal
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
