Debts Recovery Tribunal allowed the bank's original application for recovery of a debt sum of Rs. 29,45,905.05 with future interest and costs, holding defendants jointly and severally liable.
Defendants jointly and severally liable to pay Rs. 29,45,905.05 with future interest @12.75% p.a. simple, secured by hypothecation of assets; costs awarded.
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 TR]BUNAL-II AT HYDERABAD DATED THIS THE 215T DAY OF JANUARY, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), t4.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 313 OF 2024
Bank of India., Balanagar Bra nch, 7 -4-194/5, Ground Floor, Shiv Ganesh Complex, Balanagar, Hyderabad, Medchal - Malkajg iri. Rep. by its Constituted Attorney.
.. ...Applicant.
Versus
... Defendants
Counsel for the Applicant : 1.4/s. K.V. Nageswa ra Rao
Defendants : Ex-parte '-..sL"
oA.NO.313/2024
2
:: g-LLE& ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated
oA.NO.313/2024
/llYr"e,/.
(h:qf{rsHWnnKorHE) PRESIDINGOFFICER
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the OA against the defendants and over the hypothecated assets.
Bank of India, Balanagar Branch
Sri Laxmi Industries
Mr. Yama Narsi Reddy
Mr. Yama Srikanth Reddy
Sh. Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
