In this origination application filed by HDFC Bank Ltd. for recovery of loans against a partnership firm and its partners, the court held the claim established on dor斯的 evidence and allowed the applicant to recover the outstanding dues
Respondents directed to pay Rs.1,32,10,392.21 plus future interest @18% per annum; Recovery Certificate to be issued.
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 THE 18th DAY OF DECEMBER, 2025
PRESENT: sRt cuMMADt coptcHAND, pREStDtNG oFFtcER
OA. No. 244 OF Z02S
Between :
HDFC Bank Ltd. 5-9-22tA & 5-9-22t8, 4th Floor, Shapoorji Towers, Adarshnagar, Hyderabad - 500 063 Represented by its Authorized Signatory Applicant
VERSUS
- M/s. Shree Krishna Roadways,, Rep. by its Partners, Mr. Kewal Krishan & Mrs. Neha Verma Plot No. 58, Block No. 38, Opp. Express Roadways, Auto Nagar, Vanasthalipuram,
Hyderabad - 500 070.
(OA. No.244/2o2sl
| 3.Mrs. Neha Verma | ||
|---|---|---|
| Wo.Mr.KewalKrishan, | ||
| Agedabout46 years, Occ:Business R/o. H.No.5-4-1054,ptotNo.17, |
||
| Road No.2,SubhadraNagar, | ||
| Near MoreSuperMarket, Vanasthalipuram, |
||
| Hyderabad-500070 | Defendants | |
| Counsel fortheparties: | ||
| For TheApplicant | M.SrinivasReddy | |
| Forthe Defendant | Exparte | |
| Reservedon | 17.12.2025 | |
| Pronouncedon | 18.12.2025 | |
| Uploadinwebsiteon | 18.12.2025 |
ORDER
(OA. No.24412025)
application till the date of realization and in default for sale of Hypothecated Vehicles as mentioned in the Schedule of properties to OA.
As per the averments in the application, the Applicant Bank states that Defendant No.1 is a partnership Firm Represented By its Partners Defendants No. 2 and 3 availed Loan facility of Rs.26,40,000 /- repayable in 62 monthly installments of Rs.61,1001 with interest @9.160/o p.a with monthly rests and hypothecated vehicle morefully mentioned in schedure to oA and executed Agreement for Loan and Guarantee dated 23.0r.201g in favor of the Applicant Bank. The defendants availed GECL facility of Rs.12,46,000/- repayable in 61 monthly installments of Rs.9,605/- with interest @9.25% and executed Supplemental Facility cum Hypothecation dated 0g.02.2022 in favor of the Applicant Bank. The defendants availed Loan facility of Rs.20.00 Lakhs repayabre in 36 monthry insta[ments of Rs.65,490/- with interest @11.01% p.a with monthly rests and hypothecated vehicle morefully mentioned in Schedule to OA and executed Agreement for Loan and Guarantee dated 14.07.2022 in favor of the Applicant Bank. The defendants avaired Business Loan facility of Rs.25.00 Lakhs repayabre in 36 monthry instailments of Rs.87,277l- with interest @15.5% p.a with monthly rests and executed eusine-fli:Lfr [tAgeement dated 22.0a.2022 in favor or the Appige" tr ffi"";"; ;;; avaired overdraft tacirity orryi'sooo r-#ns &N;; dir*p.awith monthry rests andl H(ecuEd MF8tffiacitrry i grecu6d pggtgTgacitilllAoreement dated 28.12.2021 ,,t,:8o r.}z Wffiry
(oA. No. 2aal202s)
in favor of the Applicant Bank. The defendants availed Loan facility of Rs.15.50 Lakhs repayable in 35 monthly installments of Rs.51,980/- with interest @11.00% p.a with monthty rests and hypothecated vehicle morefully mentioned in Schedule to OA and executed Agreement for Loan and Guarantee dated 2g.1 1.2023 in favor of the Applicant Bank. The Defendants availed Loan facilities on 14.12.2023 and executed Agreement for loan and guarantee dated 28.12.2023 and hypothecated vehicles morefully mentioned in Schedule to OA in favor of the Applicant Bank. The Defendants renewed the above working overdraft facility from time to time. After availing the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on 05.12.2024 and issued Loan Recall Notice dated 07.01 .2025 to the Defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.
(OA. No. 244/20251
b.
The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendants as prayed for?
Defendants remained exparte. To substantiate the case of the Applicant Bank, AW.1, officiat of the Appticant Bank was examined and she exhibited relevant documents as Ex.A.1 to A.19. ln view of the above, I hold that the Applicant Bank has established their craim made in the oA against the Defendants and hence the Applicant Bank is entifled to recover the claim made in the OA with future interest and costs.
ln the result, the present OA is allowed with costs, as under :
The Defendants No.,l to 3 are joinfly and severally liable to pay to the Applicant Bank a total sum of Rs.1,32,10,3g2.21 ps. (Rupees one crores Thifi Two Lakhs Ten Thousand rhree Hundred Eighty Two and paise Twenty One Only) i.e a sum of Rs.73,16,064.98 ps. + Rs.58,94,317.23 ps. with future interest @ 18% p.a from the date of this apptication tiil the date of realization.
entitled to proceed against the mentioned in the Schedule of to realization of the debt due. 10 l/Et
(OA. No. 24412025)
sd/(G. GOPTCHAND) PRESIDING OFFICER
1B DET 2ff8
"rRuEjloPY
l2)-)
1 issue framed by the court
Whether the applicant bank is entitled to recover the outstanding loan amount along with future interest and costs from the defendants?
HDFC Bank Ltd.
M/s. Shree Krishna Roadways
Mr. Kewal Krishan
Mrs. Neha Verma
G. Goptchand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
