The Tribunal allowed an Original Application filed by the Bank for recovery of a term loan with interest and future interest, finding the defendants jointly and severally liable.
Defendants jointly and severally liable to pay Rs. 37,38,721 with future interest @15.05% p.a. Applicant entitled to proceed against hypothecated assets and properties
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-I AT HYDERABAD
DATED THIS THEgTH DAY OF SEPTEMBER, 2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.194 ot 2025
Between:
Bank of Baroda, Mehdipatnam branch, Mehdipatnam, Hyderabad. Represented by its Senior Manager
Applicant
VERSUS
Defendants
Counsel for the Parties:
For the Applicant Sri Srinivas Chitturu ';4" For the Defenda Expa rte li't' e.:.} I 09s;; -fitL 1. The Appl nk rited,fi.e$ilr"n, oo against Defendants for t1-*4fi/..aitr,tf recovery of a .iu,rn;ati[s. 3 7,ss,7 zL / - (Rupees Thirty Seven Lakhs Thirty Eight Thousand Seven Hundred and Twenty One
(oA.194 of 202s)
only) with futureinterest @15.05o/op.a from date of appllcation till the date of realizationand in defaultfor sale of hypothecatedassets as mentionedin the schedule to OA;
enriued ror/(b e OA against the Defendantsas ,,& 205*
(OA.194 of 2025)
09stPzffi
(OA.L94 of 2025)
sd/-
(G. GOPTCHAND)
PRESIDING OFFICER
09stPm5
4
1 issue framed by the court
Whether the Debt Recovery Tribunal is empowered to entertain and allow an Original Application for recovery of a monetary claim.
Bank of Baroda, Mehdipatnam branch
M/s. Sevalal Industry
Mrs. Tejavath Ramya
SRI GUMMADI GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
