Allowed

M/s. Hdfc Bank Ltd. v. v N Narendra Kumar

DRT28 Oct 2025OA/319/2023

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed HDFC Bank's original application for recovery of dues, holding the defendant liable for the claimed amount, future interest, and enforcement against hypothecated vehicle.

What did the court decide?

Respondent liable to pay Rs.41,92,868.84 with future interest at 8.7% p.a.; claim secured by hypothecated vehicle; entitlement to proceed against person and properties for dues; costs awarded.

M/s. Hdfc Bank Ltd. versus v N Narendra Kumar — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 28TH DAY OF OCTOBER, 2025 PRESENT: SH, RAMESHWAR KoTHE, B.com., L.LB. (Hons.), PI.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 319 OF 2023

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l4ls. HDFC Bank Ltd., 1-10-60/3, 3rd Ftoor, 44 Suryodaya Complex, Begumpet Hydera bad - 500016. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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VN Narendra Kumar, S/o. Shankar Vadhani Age 34 Years, Occ: Self Employed Flat No.201, Venkatadri Towers, Dollar Hills Pragathi Nagar, Kukatpally, Hyderabad-500072.

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Also at:VN Narendra Kumar C/o. Pirnav Software Solutions pvt Ltd., 8-3-320 / I / 8l 51, cround Ftoor Sri Sai Dwarakamai Apartments Sai Saradhi Nagar,^yellareddy Guda Ameerpet, Hyderabad - 500072.

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Also at:VN Narendra Kumar PNo-38, F No-106, Sri Vasta Nitayam Prasanthigolden Hills,^pragathi Nagar Kukatpally, Hyderabad - 500081.

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Also at: - VN Narendra Kumar C/o. React lYedia Pvt Limited., Begumpet Prasknagar, Hyderabad-500016.

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Also at:VN Narendra Kumar 5th Floor, Plot No.97, Ayyappa Society Hyderabad - 500082.

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oA.NO.319/2023

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Also at:VN Narendra^Kumar S/o. K^{S Nataraja Sarma} - loszscalq^{Dodda, Puram street} Tirupati -^517501'

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. "Defendant

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Counsel^{for the APP|icant}

Defendant

:Dr.M.P.KashyaP

: Ex-Parte

:: ORDER^::

The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs.41,92,868'84psfrom the defendantwith future} interest @18o/o^{p.a. from the date of applicationtill the date of} realizatlon^{along with costs and in default for sale of} hypothecated^vehicle.

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Summon^{servedon sole defendant through paper Publication} and was^{set ex-parte on 28 '72'2023 as called absent and no} rePresentation

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The Applicant^{Bank examinedAdithya'Manager'as AW-1and} marked 09 documents^{through her as Ex A'1 to Ex A'05'}

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Ld. Counsel^{for the Applicant Bankstated orders may be passed} on merits. Perused^{the materialplaced on record}

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The^point that^{arises for considerationis:-}

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Whether^{the Applicant Bank is entitled} for the claim^{madein the OA against} the Defendant^{and OA hY7othecated} vehicle? ,A<- rgl' (y-r"'

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oa.No.319/2023

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.05 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.319/2023 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.41,92,868.84ps with future interest @8.700lo 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 is 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 reallzation 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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oA.NO.319/2023

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 28th Day of October, 2025).

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(RAMESHWAR KOTHE)

M/s. Hdfc Bank Ltd. v. v N Narendra Kumar

Case brief

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M/s. Hdfc Bank Ltd. v. v N Narendra Kumar

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