Hdfc Bank v. Vijaya
Case brief
What is this about?
The Debts Recovery Tribunal allowed HDFC Bank Ltd.'s Original Application for recovery of debt totaling Rs. 31,99,400.80 plus interest and costs from two joint defendants, securing the claim through hypothecation of their vehicle.
What did the court decide?
Defendants liable to pay Rs. 31,99,400.80 with interest; Bank entitled to proceed against hypothecated vehicle and Defendants' properties; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 17th DAY OF JANUARY, 2025
PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (HonS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 420 OF 2023
HDFC Bank Ltd., Having its office at # 1-10-60/3, 3rc Floor, Suryodaya Complex, Begumpet, Hyderabad - 500016. Rep. by its Authorized Signatory.
.....Applicant.
Versus
- Eslavath Vijaya, S/o.Ramja Korra, Occ: Business, age Years, R/o. Plot No.13, 1't Floor, New Balaji Nagar, B N Reddy, Hyderabad, Telanga na - 500079.
- Islavat Ramdas, S/o.Yellaiah Bandaru, Occ: Business, age Years, R/o,Plot No.13, 1't Floor, New Balaji Nagar, B N Reddy, Hyderabad, Telangana - 500079. ....Defendants
: M/s.Srihari Bathina Counsel for the Applicant
Defendants
: Ex- parte
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled to the recoverable sum and interest claimed against the Defendants?
Whether the hypothecated vehicle mentioned in the OA details can be proceeded against for realization of debt?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Eslavath Vijaya
- respondent
Islavat Ramdas
Coram
Case details
As recorded by the court registry
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