The Debts Recovery Tribunal allowed an application by Axis Bank against three defendants, holding the claim of Rs. 31,55,066 with future interest and costs established via evidence despite default.
Payment of Rs. 31,55,066 with future interest at 16% p.a. simple, costs, and permission to proceed against person and property for realization.
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-II AT HYDERABAD
DATED THIS THE 26TH DAY OF SEPTEMBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB, (Hons.), M.A. PRESIDING OFFICER
Original Application No: 211 OF 2025
Axis Bank Ltd., 5-2-183/ t84, Modi Square IIIFloor,RPRoad, Secu nderabad-500003.
Rep. by its Authorized Signatory.
......Applicant
Versus
...... Defendants
Counsel for the Applicant : M/s. Lotus Law Associates Defendants : Ex-parte OWrt
OA.No.211l20?5
:: ORDER ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
OA.No.2l1,l2025
Ow*o (MIVTESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
Whether the Defendants are jointly and severally liable to pay the OA claim with interest and costs?
Axis Bank Ltd.
OZO Agri Care Pvt Ltd.
Sudarsi Ravi Kumar
Pillutla Raghu
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
