Allowed

Hdfc Bank Ltd. v. M/S. Trithika Naresh Traders

DRT14 Aug 2025OA/136/2025

Case brief

AI extract

What is this about?

In this Recovery Tribunal order, the court allowed an Original Application filed by HDFC Bank Ltd. for the recovery of a debt of Rs. 42,44,024 from the respondents. Since the respondents were absent, the court held them joint liability and directed realization from hypothecated assets and defendant properties.

What did the court decide?

Responsnents ordered to pay Rs. 42,44,024 with interest; bank directed to proceed against hypothecated assets and defendant properties.

Hdfc Bank Ltd. versus M/S. Trithika Naresh Traders — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II^{AT HYDERABAD}

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DATED THIS THE 14TH DAY OF AUGUST, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.COM., L.LB.^{(HONS.), M.A.} PRESIDING OFFICER

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ORIGINAL APPLICATION No: 136 OF 2025

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HDFC Bank Ltd., Bank House Department for Special operations, H.No.6-3-246 & 6-3-244/ A 3'd Floor, Roxana Palladium, Road No.1 Banjara Hills, Hyderabad - 500034. Rep. by its Authorized Slgnatory.

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.....Applicant.

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Versus

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M/s.Trithlka Naresh Traders., 8-91, lakkulavari Street, Venkatapuram Village & Mandal, Jayashankar Bhupalapally Dlstrict, Telangana State-507136.

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Also at:-

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M/s. Trithika Naresh Traders Survey No.106/C, Reddypalem Village Hanamkonda Mandal, Warangal Urban Telangana State - 506006.

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Also at:-

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M/s. Trithika Naresh Traders 46-04-66, Balaji Nagar, Enumamula Market Road, Warangal, Telangana State-506006.

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Mr. Thota Naresh, S/o.Thota Laxmaiah H.No.8-91, Jakkulavari Street Venkatapuram, Mulug, Telangana State-507136.

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... Defendants

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Counsel for the Applicant : M/s.Alluri Krishnam Raju Defendants I Ex-parre O$K6\A

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oA.NO.136/2025

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.42,44,024.L6ps as on 01.01.2025 from the defendants jointly and severally with future interest @1go/o p.a. with monthly rests from O2.07-2O?5 till the date of realization along with costs and in default for sale of hypothecated assets.

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Summons served on D1 and 2. They were set ex-parte on 22.04.2025 as called absent and no representation.

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The Applicant Bank examined S.Srikanth, Legal Manager, as AW-1 and marked 11 documents through him as Ex. A.1 to Ex. A.11.

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Heard the Ld. Counsel for the Applicant Bank. 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 entiued for the claim made in the OA against the Defendants and OA hypothecated assets ?

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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.11 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinuy and severally liable to pay the OA claim to the Applicant Bank with future interest and costs. ffix*--

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oA.NO.736/2025

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In the result, the present Original Application No.136/2025 is allowed as under:^-

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a sum of Rs.42,44,024, 16ps as on 01,01.2025 with future interest @10olo 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 hypothecation of assets described in the 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 entitled 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 Applicant 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 according ly.

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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 14th Day of August, 2025).

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ffitrr'

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. M/S. Trithika Naresh Traders

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. M/S. Trithika Naresh Traders

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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