Debts Recovery Tribunal allowed the bank's original application for recovery of dues of approximately Rs.6.39 crores, ruling that the claim was well-established based on examined documents.
Recovery certificate issued for Rs.6.39 crores with 11% future interest and permission to proceed against mortgaged/hypothecated properties.
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 RECOVERYTRIBUNAL-I AT HYDERABAD
DATED THIS THE 21ST DAY OF MAY 2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.372 ot 2024
Between:
The KarurVysya Bank Ltd, Asset Recovery Branch, D.No.5-8-356 to 362, 3'd floor, Chiraga Ali Lane, Abids, Hyderabad. Represented by its Authorised signatory
Applicant
VERSUS
female, aged 72 years,
R/o #3/306, Potldutta.
Proddutur,,rw, Defendants
Counsel for the
For the Applican t S.A.V. Ratnam
: zlilAYznzs 5
For the Defendan ''.J pa rte
r-'i *'i"s
lOA.No.372/2024]|
ORDER
lOA.No.372/20241
(OA.No.372/2024)
Thirty nine Lakhs Twenty eight thousand One hundred
Seventy two and paise sixteen only) with future interest @ 11% from date of application till the date of realization.
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 21st day of May'2025)
({;:
sd/(G. GOPTCHAND) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the Original Application against the Defendants?
The KarurVysya Bank Ltd
M/s. Sri Dhanvanthari Sean Centre
Sri N. Sandeep Kumar Reddy
SmtAvulaSarada
Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
