Uco Bank v. M/S Poorna Electronics
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of dues and secured interest from joint and several defendants via mortgage properties.
What did the court decide?
Debt of Rs.44,86,625 with interest secured by mortgage; issuance of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDERABAD
DATED THIS THE 28th DAY OF FEBRUARY, 2025
PRESENT: SH, RAIYESHWAR KOTHE, B-COM., L.LB. (HONS.), YI.A. PRESIDING OFFICER
ORIGINAL APPLTCATION No: 130 OF ZO24
UCO Bank.,
Kadapa Branch, 1/331, Maruthinagar, Opp ApSRTC Bus Stand, Kada pa, Andhrapradesh. Rep. by its Authorized Officer.
.....Applicant.
Versus
- I\4/s.poorna Electronics., Rep by itsproprietor C.Anjaneyulu, Shop No.10, Balaji M unicipa I Complex, Madras Road, Cuddapah, A. p.
- M rs.J. Maheswari, W,/o.l. Sudarsha n Reddy, H.No.41497, Balajinagar, Proddatur, Kadapa.
- [4r.B.Chandra Sekhar, S/o. B. Mallaiah, H.No.2/468-5, Sastrinagar, Akkayapalli, R.V.Nagar, Kadapa.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?
Parties & counsel
- applicant
UCOBank
- respondent
PoornaElectronics
- respondent
JMaheswari
- respondent
BChandraSekhar
Coram
Case details
As recorded by the court registry
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