Allowed

Hdfc Bank Ltd. v. Aveng Automine Pvt. Ltd.

DRT24 Oct 2025OA/250/2024

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the applicant bank's Original Application for recovery of dues. The court held defendants jointly and severally liable to pay the principal, interest, and costs, and directed the issuance of a Recovery Certificate based on hypothecated vehicle security.

What did the court decide?

Defendants jointly and severally liable to pay Rs.31,49,253.93 with interest and costs; Recovery Certificate issued; Applicant to proceed against hypothecated vehicle.

Hdfc Bank Ltd. versus Aveng Automine Pvt. Ltd. — Contract and Commercial Disputes | DRT (2025)

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]N THE DEBTS RECOVERY TRIBUNAL-I] AT HYDERABAD DATED THIS THE 24IH DAY OF OCTOBER, 2025 PRESENT: SH. RAMESHWAR Ko.

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,*.rrorr[%.ir.r...."fl^{., L. LB.(Hons.), M.A.}

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ORIGINAL APPLICATION No; 250 OF 2024

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HDFC BanK Ltd., H.aving its office at # 1_10_60/3, J'" r-loor, Suryodaya Complex. Begumpet/ Hyderabad _ sOoOiO. Rep. by its Authorized Signatory.

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.... .Applicant.

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Versus

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Aveng Automine pvt. Ltd..

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Rep by its Director Mr.Beliamkonda y,:iilqdl."r,^p No.183 p, NrR Klr Naear

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Medchat, Hyderabad _ 5O0O 11.

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Bellamkonda Venumadhav S/o. Ranga nayakulu Bellam Konda 5-9-24/78/a_2L & 22, Meridian pata..e cotony, Basheerbash

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lp:1T:,ltr, Hrmayathnagar, LIC Divlsion Road Hyderabad - 500063.

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Also at:Bellamkonda Venumadhav S/o. Ranganayakulu Bellam Konda 5-9.-22/45, 2"d Floor, Matruchaya B.uilding, Adarsh Nagar, Opp Racky Musheera bad, Hyderabad _ 500063.

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.. . Defendants

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Cou nsel for the Applicant

Defendants

: Dr. M. P. Kashyap

:Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.31,49,253.93ps from the defeldants ioinuv and //fr,tL. l-:/

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oA,NO.250/2024

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severatly^{with futureinterest @18o/o p'a from the date} of application^{till the date of realization along with costsand} in default^{for sale of hypothecatedvehicle'}

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Summons^{servedon D2 and was set ex-parte on Z7 '09'2024as} called absent^{and no representation Summonsserved on D1} through^{paper publication and was set ex-parteon 25'O7 '2025} as called^{absentand no representation'}

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The Applicant^{Bank examinedAdithya A S' Legal Manager'as} AW-1^{and marked06 documentsthrough her as Ex' A'1 to Ex'} A.06.

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Ld. Counsel^{for the ApplicantBank reported ordersmay be} passed through^{merits'Perused the material placed on record'}

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The^{point that arises for considerationis:-}

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whether the^{Applicant Bank is entitled} for the^{claimmade in the oA against} the Defendants^{and oA hypothecated} vehicle?

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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.06 marked on behalf of the Applicant Bank} clinches^{the claim of the Applicant Bank against the Defendants'} Hence, I^{hold that the Defendants are jointly and severallyliable} to^pay the^{OA claim to the Applicant Bank with futureinterest} and costs.

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h the^{result, the present Original Application No'250/2024is} alowed^{as under: -} (hrr*

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oA.NO.250/2024

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i) The Defendants are^jolntly and severally liable to pay to the Applicant Bank a sum of Rs.31,49,253.93ps with future interest @7.50o/o^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 vehicle described in the schedule annexed to the OA and the applicant bank ls entitled to^proceed against the same to realise its debu

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iii) the applicant bank is also entitled 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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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, siSned and pronounced by me in the open court on this the 24th Day ofoctober, 2025).

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Ow* ( RAII1ESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Aveng Automine Pvt. Ltd.

Case brief

What is this about?

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Hdfc Bank Ltd. v. Aveng Automine Pvt. Ltd.

Case brief

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