The DRT-II at Hyderabad allowed an original application filed by Axis Bank Ltd. for recovery of Rs. 40,22,969 with interest and costs from the defendant, who remained absent. The tribunal held the evidence sufficient to establish the claim.
Defendant liable to pay Rs. 40,22,969 with future interest and costs; Recovery Certificate 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-II AT HYDEMBAD DATED THIS THE 1OTH DAY OF OCTOBER, 2025
' PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. RESIDING OFFICER
Original Application No: 252 OF 2025
The Axis Bank Ltd., Having its Office at 5-4-183/184 3d Floor, R P Road, Secunderabad-soooo3. Rep. by its Authorised Signatory.
..Applicant
Versus
Mr. Banda Shravan Kumar, S/o. Anand Aged about 40 Years, Occ: Private Employ, R/o. H.No.28-18/2, Near Bus Stop, Vinayaka Nagar, Neredmet Malkajgiri, Hyderabad - 500056.
Also at:-
C/o. UBS, Business Solutions(India) Pvt. Ltd., Phoenix Aquila, Road No.1, Financial District, Nanakramguda, Gachibowli Hyderabad - 500032.
Defenda nt
Counsel for the Applicant : M/s. M. Srinivas Reddy Defendants : Ex-parte
:: qLLEE ::
tr, The Applicant Bank filed the present OA for the recovery of a sum of Rs.40,22,969 / - from the defendant with future interest @18o/o p.a. with quarterly interests from the date of application till the date of realisation along with costslfu'*g
OA.No,252l2025
Whether the ApplicantBank is entitled for the claim made in theOA againstthe Defendant?
OA.No.252/2025
7k''0" SHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
1 provisions across 1 enactments
Axis Bank Ltd.
Mr. Banda Shravan Kumar
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
