Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 26,82,420 with interest and costs against the ex-parte respondent, securing the claim through hypothecated vehicle sale.
Defendant to pay Rs. 26,82,420 with interest at 16% p.a.; claim secured by sale of hypothecated vehicle; costs awarded; Recovery Certificate 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 15TH DAY OF OCTOBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.COM., L.LB.(HONS.), M.A, PRESIDING OFFICER
ORIGINAL APPLICATION NO: 105 OF 2025
The Axis Bank Ltd., Having its office at 5-4-183/184 3'd Floor, R P Road, Secunderabad-soooo3. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Mr. Molugu Raveender, S/o. M. Lingaiah Aged about 44 Years, Occ: Business R/o. H. No.8-30/S 14516/3, Rajashekar colony, Ghatkesar, Hyderabad - 500092.
Also at:-
c/o. s v Papers., Office at 1-8-538, Beside Union Bank Lane ...Defendant Chikkadpally, Hyderabad - 500020.
: M/s. M. Srinivas Reddy Counsel for the Applicant
Defenda nt
:Ex-parte
:: qLLE& ::
oA.NO.10sl2025
AW-1 and marked 07 documents through him as Ex.A.1 to
Ex.A.07.
material placed on record.
Whether the Appticant Bank is enti ed for the claim made in the OA against the Defendant and OA hypoth;carcd vehicle?
allowed as under: -
ii) the OA claim is secured by way of hypothecation of vehicle described in the schedule annexed to the OA and the fu^r*
3
oA.NO.10s/202s
appricant bank is entired to proceed against the same to realise its debt;
iii) the appricant bank is arso entiued to proceed against the person and properties of defendants for realization of its dues;
iv) the appricant bank is entired for the costs.
rdwurb lRrfiesnwAR 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 Defendant including the hypothecated vehicle?
Axis Bank Ltd.
Mr. Molugu Raveender
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
