Allowed

Hdfc Bank Ltd., v. M/S. Bvrr Foods Processing Industries Private Limited

DRT24 Jun 2025OA/157/2022

Case brief

AI extract

What is this about?

DT-I at Hyderabad allowed the bank's original application for recovery of Rs. 71,15,940.38 with future interest. The court declared defendants jointly and severally liable based on unchallenged evidence and ordered the issuance of a recovery certificate against the defendants and their hypothecated vehicles.

What did the court decide?

Determined jointly and severally liable to pay principal, future interest at 9.34% p.a., costs, and entitled to proceed against hypothecated vehicles.

Hdfc Bank Ltd., versus M/S. Bvrr Foods Processing… — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I] AT HYDERABAD DATED THIS THE 24TH DAY OF JUNE, 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: 157 OF 2022

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H DFC Bank Ltd., Having its office at # 1-10-60/3, 4rH Floor, Suryodaya Complex, Begumpet, Hyderabad - 500016. Rep. by its Authorized Slgnatory.

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.....Applicant.

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Versus

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M/s. BVRR Foods Processing Industries Private Limited., Rep by its Authorised Signatory R/o.Plot No.7 & 14, Gokul Plots VR Colony, Hafeezpet, Hyderabad, Telangana - 500050.

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Mr/Mrs/Ms.Venkatarami Reddy Beeram slw lDlc/o.Malla Reddy Beeram R/o.Plot No.7 & 14, Gokul Plots VR Colony, Hafeezpet, Hyderabad, Telangana - 500050.

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.. . Defendants

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Counsel for the Applicant

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: M/s.Srihari Bathina

Defendants

:Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.71,15,940.38ps towards Loan A/c. Nos.45081726, 51004828, 53527583, 53529730, 69067430, 82774674, 82727673, 83354928, 83354954 & 8150010 from the defendants^jointly and severally with future inlerest pergrnum

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oA.NO.1s7l2022

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along with interest @2olo^per month from^the date^{of application} till the date of realization along with costs and in default for sale of hypothecated vehicles.

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Summons served on D1 and 2 through^{paper publication.} They were set ex-parte on 13.03.2023 as called absent and no representation.

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The Applicant Bank examlned W Pavan Kumar, Legal Manager, as AW-1 and marked 09 documents through him as Ex. A.1 to Ex. A.09 and examined Sumaya Shaik, Legal Manager, as AW-1 and marked 01 document through her as Ex.No.A.10.

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Ld. Counsel for the Applicant Bank reported orders may 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 hypothecated vehicles?

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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.10 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 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.l57/2022 is allowed as under: - fugVS

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oA.NO.1s712022

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i) The Defendants are^jointly and^severally liable to^pay to the Applicant^{Bank a sum of} Rs.71,15,940.38ps towards^{Loan A/c. Nos.} 4508t726, 51004828, 53527 583,^53529730, 69067 430, 827 1467 4, 827^{27 67} 3,^83354928, 83354954 & 8150010 with^{futureinterest} @9.34o/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 hypothecation of vehicles described in^the schedule annexed to the OA and^the applicant bank is entitled to^{proceed against} the same to realise its debU

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iii) the applicant bank is also entitled to^proceed against the^person and^propertiesof 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 within2 weeks} from the date of receipt of thls 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 24th Day of June, 2025).

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rrnrn __*5_rj>h - l)t!^v (RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd., v. M/S. Bvrr Foods Processing Industries Private Limited

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. M/S. Bvrr Foods Processing Industries Private Limited

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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