This is an order in an Original Application filed by Bank of India for recovery of a debt of Rs. 25,73,928.56 with interest and costs, secured by hypothecated assets. The tribunal allowed the application.
Defendants liable to pay Rs. 25,73,928.56 with interest and costs; OA allowed for recovery from hypothecated assets; Relief 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.
1N THEDEBTSRECOVERYTRIBUNAL'IIAT HYDERABAD DATEDTHIS THE 215TDAY OF ]ANUARY' 2025 (Hons )'M A' PRESENT:sH' RAMESHWAR,XRII&FI.#'L'LB'
ORIGINALAPPLICATION No: 346 OF 2024
Bank ofIndia., r(omnallv Branch,Plot No 1&z' survevr'lo.9 l4,sanna Mallesn Yadav ComPlex,KomPallY' o tubullaPurMandal,Medchal iitkuiqiri Di.t.i.t -5oo 1oo ' nep. tiyits Constituted Attorney
.....Applicant.
Versus
... Defendants
Counsel for the Applicant M/s. K.V. Nageswara Rao
Defenda nts
Ex- pa rte
:: ORDER ::
oA.NO.345/2024
A/c. Nos.562630110000030 & 56267041OOOOO2B from the defendants joinuy and severalty with future interest @11.85yo p.a. compounded monthly rests and @ 2olo penal interest from the date of application till the date of realization along with costs and ln default for sale of hypothecated assets.
Thepoint that arises for consideration is:-
Whetherthe Applicant Bank is entitled fotr thectaim madein the oA against theDefendants and OA hypothecated assets?
allowedas under: -
oA.NO.346/2024
o
', i11111. -r';!'
(RAMESHWARKOTHE) PRESIDINGOFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and hypothecated assets?
Whether the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank?
Bank of India
M/s. Sri Mallikarjuna Chicken Mart.
Burra Murali Krishna
RAMESHWAR
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
