DTII Hyderabad allowed an original application filed by Axis Bank Ltd. for recovery of Rs. 24,73,595/- and future interest from an ex-parte defendant, upholding the claim based on documentary evidence.
Defendant ordered to pay Rs. 24,73,595/- with future interest at 13.2% p.a. Costs awarded to bank. Recovery Certificate directed to issue.
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 17TH DAY OF DECEMBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 413 OF 2025
The Axis Bank Ltd., Having it Office at 5-4-183/184 3'd Floor, R.P Road, Secunderabad-500003. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Mr. Uppuganti Jayapal Reddy S/o. Raji Reddy, Aged about 54 Years Occ: Business, R/o. H.No.3-12, Reddy Colony Jagannathpur, Jeelgul (P), Karimnagar District - 505498.
. .. Defendant
Counsel for the Applicant : M/s. M. Srinivas Reddy
Defendant
: Ex-parte
:: ORDER ::
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oA.NO.413/202s
2
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated vehicle?
oA.NO.413/202s
.
applicant bank is entitled to proceed against the same to realise its debt;
iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;
iv) the applicant bank is entitled for the costs.
.,,.), ... /.Wwl _t\ ,z /-,{ 1r rv"'
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated vehicle?
Axis Bank Ltd.
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
