Allowed

Hdfc Bank Ltd. v. P. Balakrishna

DRT9 Dec 2025OA/202/2024

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of a loan amount of Rs. 28,50,581.93 with future interest from the Defendants. The court held the Defendants jointly and severally liable and authorized the bank to proceed against mortgaged vehicles and other properties for debt realization.

What did the court decide?

Defendants ordered to pay Rs. 28,50,581.93 with future interest; bank authorized to sell hypothecated vehicles and proceed against defendants' person and properties.

Hdfc Bank Ltd. versus P. Balakrishna — Banking and Recovery | DRT (2025)

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IN THE DEBTS^{RECOVERY TRIBUNAL-II AT HYDERABAD} DATED THIS^{THE O9THDAY OF DECEMBER, 2025} PRESENT: SH.^{RAMESHWAR KOTHE,B.COM.,L.LB. (HONS.), M.A.} PRESIDING^OFFICER

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202 0F 2024 ORIGINAL^{APPLICATION NO:}

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H DFC BANK^Ltd., Having its omce at^{# 1-10-60/3,} 3'd Floor,^{3A, Suryodaya comPlex,} Begumpet,^{Hyderabad- 500016.} .... .Applicant. Rep. by its Authorized^Signatory.

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Versus

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P. Balakrishna, S/o.^{SathaiahPoosa} R/o. 3-5-51, Indranagar,^Ramanthapur Near D Mart, Hyderabad,^{Telangana-500013.}

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Poosa Sathaiah,^{S/o. Not Known} R/o. 3-5-51, Indranagar,^Ramanthapur Near D Mart, Hyderabad,^{Telangana-500013.} ... Defendants

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Counsel for the^APPlicant : Mr. Srihari Bathina Defendants : Ex-parte

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::^qLLE& ::

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The Applicant Bank filed the^{present OA for the recoverya total} sum of Rs.28,50,581.93ps^{towards Loan A/c.Nos.83452657,} 83797098, 85278712 &^{8731905from the defendantsjointly} and severally with future^interest @10.070lo,^{70.47o/o,9.11%&} 9.25o/o p.a. along with interest @2olo^{p.m. from the date of} application till the date of^{realization alorg with costs and in} default for sale of hypotheca^led vehicles(lY,yg

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oA.NO.2O2/2024

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Summons served on D1 & 2 through paper publication. They

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were set ex-parte on 29.07.2025 as called absent and no

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representation.

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The Applicant Bank examined Aditya A S, Legal Manager. as

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AW-1 and marked 16 documents through her as Ex. A.1 to Ex. A.16.

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Ld. Counsel for the Applicant Bank reported orders may be

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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 enti ed 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.16 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinfly 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.2OZ/2024 is allowed as under: -

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i) The Defendants are join y and severally liable to pay to the Applicant Bank a sum of Rs.28,50,581.93ps towards Loan A/c. Nos.8345265 7, B37g7O9g, 8s218712 & /fuo*

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oA.NO.2O2l2024

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8731905 with future interest @9.25% 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 entifled to proceed against the same to realise its debt;

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iii) the applicant bank is also entifled 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 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 09th Day of December, 2025).

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Hdr'e (RAMESHWAR KOTHE) PRESIDING OFFICER

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Hdfc Bank Ltd. v. P. Balakrishna

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. P. Balakrishna

Case brief

What is this about?

What did the court decide?

What the court decided

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