Allowed

Hdfc Bank Ltd. v. M/S Keminntek Laboratories

DRT30 Jul 2025OA/210/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the original application filed by HDFC Bank Ltd. for recovery of a sum of Rs. 7,00,58,375.35 plus future interest and costs from the seven defendants, declaring them jointly and severally liable and securing the claim through mortgages.

What did the court decide?

Defendants liable to pay Rs. 7,00,58,375.35 with future interest and costs; claim secured by OA schedule properties; Recovery Certificate issued.

Hdfc Bank Ltd. versus M/S Keminntek Laboratories — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 3OTH DAY OF ]ULY, 2025

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PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 210 OF 2024

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HDFC Bank Ltd., Department For Special Operations H.No.6-3-246 & 6-3-244/A, 3RD Floor Desk No.0196, Roxana palladium, Road No.1 Banjara Hills, (Besides Virinchi Hospital), Hyderabad District - SOOO34. Rep. by its Authorized Signatory.

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... ..Applicant.

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Versus

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t4ls. Keminntek Laboratories., Rep by its^partners Plot No.10/11, Road No.5, IDA Nacharam Near CDC Tower, Medchal- Malkajgiri Telangana State - 500076.

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Mr. Kolupula Srinivas, S/o.Mr. Kolupula Narsaiah, Age Major, Occ: Business 9-94/7, Plot No.76, Laxminagar colony HUDA Layout, Near NTR State, Bodduppal Medcha l-Malkajg iri District Telangana State - 500039.

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Ms. Peddolla Vuaya laxmi D/o. l*,1r. Balaiah Jangiti, Age Major Occ: Business, 3-39, Ramannaguda Nya lata, Rangareddy District Telanqana State - 501503.

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Also at:-

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Ms. Peddolla vijaya laxmi, D/o. Mr. Balaiah Jangili, Age Major, Occ: Business Flat No.202, Manbhum Kakatiya Apartments Street No.1, Kakatiyanagar, Opposite Sai Baba Temple, Habsiguda, Hyderabad rerangana state - s00007. qy*g

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oA.No.21ol2024

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Mr.K.Srisailam,^{S/o.Kolupla Narsaiah} Aoe Maior, Occ:^{Business, 9-9417} pt-ot ruo. zO, Laxminagar Colony, HUDA Layout, Near^{NTR State,Bodduppal} M edcha l-^{M a lkaig iri District} Telangana state -^500039.

¶16

Mr. Kollu^{Balraj,S/o.IIaiahKollu} Aoe Maior, Occ:^{Business, H.No2-129/5} viavaouri Colony,^{Near Balaji NursingHome} wirb - ra,^{UPPal,RangareddyDistrict} Telangana^State -^500039.

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Ms.^{Katta Swathi, W/o.KattaVenkataLaxmi} Narsimha Reddv,^{Age Major,Occ: Business} 9-10 Main^{Road, Near NTR State,Bodduppal} Ghatkesar,^{RangaReddy District} ... Defendants

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Telangana State -^500022.

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:M/s.lvl.V. KINI Counsel for the^Applicant Defendants : Ex-parte

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::^{qLLEL ::}

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The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs.7,00,58,375.35psas on 29.02'2024from the} defendants^{jointlyand severally with future interest @18o/op a'} from the date of^{application till the date of realizationalong} with costs and in default^{for sale of OA scheduleproperties'}

¶22

Summons served on^{D2, 3, 4 and 6 whereas summonsserved} on D1 and 5 through^{paper publication. They were set ex-parte} on 20.01.2025 as^{called absentand no representation.}

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The Applicant Bank^{examinedSrikanth Sukhavasi,} Senior Manaser, as Aw-l and^{marked 78 doc;fiflts} ltfush him as Ex. A.1to Ex. A.78. C/rou'

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oA.No.21O/2024

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Ld^counser "..,.: ^r:l:::-:'JJ:::::,1T.:::"j:,:3,J" passed^{through meritsPeruseo}

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The^{point that arises for considerationis:-}

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Whether^{the ApplicantBankis entitled'} made^{in the oA asainst} i"'i'ii'i 'n'' the^{Oefendants and OA schedule} ProPetties?

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As stated^{supra, the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwith the recitalsin the documents} viz., Exs.^{A'1 to A.78 markedon behalf of the Applicant Bank} clinches^{the claim of the Applicant Bank against the Defendants'} Hence, I^{hold that the Defendants are jointlyand severallyliable} to^pay the^{OA claim to the Applicant Bank with future interest} and costs.

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In the result, the^{present OriginalApplication No.210/2024is} 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.7,00,58,375.35ps as on 29.02.2024 with future interest @10.75olo^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^mortgage of properties described in the^schedule annexed to the OA and the applicant^bankis entitled to prcceed against Ail.:-l% ," rearise its debt; (/'-6f,o,-

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oA.No.270/2o24

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iii) the applicant bank is also entifled to proceed ;:il::,,:,,:, .::.,,x,",T,,,,.:oJ;*,". ",

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iv) the applicant bank is entifled for the costs.

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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 p.noun.lJUv i" in the open court on this the 30th Day ofJuly,2025).

¶38

H(''r""r (RAMESHWAR KOrHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. M/S Keminntek Laboratories

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. M/S Keminntek Laboratories

Case brief

What is this about?

What did the court decide?

What the court decided

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