Debts Recovery Tribunal allowed the bank's application for recovery of loan dues from the proprietors of a business firm, holding them jointly and severally liable to pay the claimed amount along with interest and costs.
Defendants directed to pay Rs. 23,81,498.06 with future interest and costs; Bank directed to issue Recovery Certificate.
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 OSTH DAY OF SEPTET4BER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPL]CATION No: 234 OF 2025
Bank of India., Vasavinagar Branch, Hyderabad Tela nga na State. Rep. by its Authorized Signatory.
.....Applicant.
Versus
...Defendants
: lvlr. P.Ravi Counsel for the Applicant Defendants : Ex-parte
:: q-LLLL ::
oA.NO.23412025
2
Loan with future interest @8.250/o p.a. and a sum of Rs.35,011.15ps towards FITL Loan with future interest @8.25olo p.a. from the defendants jointly and severally from the date of application till the date of realization along with costs and in default for sale of hypothecated assets.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and oA hypothecated assets?
oA.NO.234l2025
ii) the OA claim is secured by way of hypothecation of assets described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;
iv) the applicant bank is entitled for the costs.
M{x1.,, PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants and hypothecated assets?
Bank of India, Vasavinagar Branch, Hyderabad
M/s. Radha Sai Binding Works.
Mr. Jhaatoth Umapathi Naik
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
