Debts Recovery Tribunal allowed the bank's recovery application, holding defendants jointly and severally liable to pay the sum with interest and costs, and authorized sale of hypothecated vehicle.
Defendants directed to pay Rs.23,67,581.35 with future interest and costs; hypothecated vehicle to be sold; 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 HYDERABAD DATED THIS THE 24JE DAY OF OCTOBER, 2025 PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (HonS.). M.A. PRESIDING OFFICER
ORIGINAL APPLTCATION No: 324 OF 2O2S
M/s. Kotak Mahindra Bank Ltd.. Having its Office at 3.d Floor Jewel Pawani Towers, Raj Bhavan Road, Somajiguda, Hydeiabad_500082. Rep. by its Authorized signatory.
.....Applicant.
Versus
Also at:-
l4r. Jangam Gopi, S/o. Mr. Jangam Jangaiah, 2-2- 195/ 24 D, Ma ik;rjuna Nagar, Amberpet, Hyderabad_500013.
.. . Defendants
Counsel for the Applicant : M/s. N. B. Sudarshan
Defendants
:Ex-parte
:: ORDER ::
oA.NO.324/202s
defendantsjointlyand severally with future interest @18o/o p a' trom tnedate of application till the date of realizationalong *i-tn .ort.and in default for sale of hypothecated vehicle'
The ApplicantBank examined Abhishek P A' Legal Manager'as AW-1and marked07 documentsthroughhim as Ex' A 1 to Ex' A.07.
Whetherthe Appticant Bank is entitled for thectaim madein the OA against theDefendants and OA hypothecated vehicle?
3
oA.NO.324/2O2s
Rs.23,67,5g1.35ps with future interest @13.08% p.a. simple from the date of application till the date of realization;
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 debt;
iii) the applicant bank is also entifled to proceed against the person and properties of defendants for realization of its dues;
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the OA against the defendants and the hypothecated vehicle?
M/s. Kotak Mahindra Bank Ltd.
Lvr. Jangam Gopi
Mrs. Jangam padma
Mr. Balram
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
