Allowed

Hdfc Bank Ltd. v. Mr. Pulapati Ramachandra

DRT25 Jul 2025OA/117/2023

Case brief

AI extract

What is this about?

The DRT at Hyderabad allowed the bank's original application for recovery of dues. The defendants, appearing ex-parte, were held jointly and severally liable to repay the loan amount with future interest and costs, and the mortgage was recognized as security.

What did the court decide?

Defendants ordered to pay Rs.25,26,924.31 + interest; OA claim secured by mortgage; Recovery Certificate issued.

Hdfc Bank Ltd. versus Mr. Pulapati Ramachandra — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 25]fi DAY OF ]ULY, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFiCEII

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ORIGINAL APPLICATION No: 1t7 OF 2OZ3

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HDFC Bank Ltd., # 6-3-246 & 6-3-244/A,6th Ftoor Roxana Palladium, Road No.1 Banjara Hills, Hyderabad - 500034 Rep. by its Authorized Signatory.

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.....Appticant.

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Versus

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Mr. Pulapati Ramachandra

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S/o. Venkataramana, Aged about 69 Years, Occ: Farmer, R/o. H.No.11-17 Kurranvandlapalli Village, Rangasamudram Panchayat, Peddatippasamudram Mandal Chittoor District - 5t7370.

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Mr, Pulapati Rajendra, S/o.Ramachandra Aged about 44^years, Occ: Farrner R/o. H.No.11-17, Kurranvandlapalli Village Rangasamudram,^{peddatippasamudram} Mandal Panchayat, Chittoor District * 517370.

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Also at:-

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Mr.Pulapati Rajendra, C/o. H. No. lt-7 23-l RSM Road, Near Ramalayarn, lyadanapalle Bkothakota Mandal, Chittoor District-517370.

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Mr. Mahaboob Shareef S/o. Not Known Aged Major, Occ: Business R/o. H.No. 17-2-5-2-4A, Nemati Nagar Madanapalle Town, Chittoor District-517370.

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Mr.P.Manohara, S/o.Not Knowrr Aged Major, Occ: Business R/o. H.No.11-16, Kurranvanolapalli Village Rangasamudram, Peddatippasamudram Mandal Panchayat, Chittoor Districr - 517370. ...Defencjants t'/fr*^z '<'" -,^6$''

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oA.NO.11712023

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Counsel for the^APP|icant

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: M/s. M.Srinivas ReddY

Defendants

: Ex-parte

:: 0RLE-L ::

The Applicant Bank filed the^{present OA for the recoverya total} sum of Rs.25,26,924.31ps^{from the defendantsjointly and} severally with @12olo^{p.a. from 14.10.2022 in Cash Credit&} Term Loan the statement^{date to the date of award/decreeand} thereafter @18o/o^{p.a. compoundedwith monthlyrests from the} date of application till the^{date of realization along with costs} and in default for^{sale of OA schedule properties.}

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Summons served on Dl to^{3. They were set ex-parteon} 25.06.2024 as called absent^{and no representation.}

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The Applicant Bank examined^{D.Suresh, Dy. Manager, as AW-1} and marked 09 documents^{through him as Ex.A.1 to Ex.A.09'}

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Ld. Counsel for the Applicant Bank^{reported ordersmay be} passed through merits. Perused the material^{placed on record.}

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The point that arises for consideration^is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.09 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jointly and severally liable l4..-tf.,

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/i7 "g-'v

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oA.NO.1t7 /2023

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to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.1.t7/2023 is allowed as under: -

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i) The Defendants are joinily and severally liable to pay to the Applicant Bank a total sum of Rs.25,26,924.31ps with future interest @l2o/o p.a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of mortgage of properties described in thc. schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii) the applicant bank is also entiiled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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B. The Appllcant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 25th Day ofJuty,2025).

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Ow,'>urb (RA-MESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Mr. Pulapati Ramachandra

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. Mr. Pulapati Ramachandra

Case brief

What is this about?

What did the court decide?

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