Allowed

Hdfc Bank Ltd., v. Chimakurthi Nvdss Ram Kumar

DRT30 Apr 2025OA/432/2023

Case brief

AI extract

What is this about?

This judgment allowed an original application filed by HDFC Bank for the recovery of credit card dues amounting to Rs. 30,73,579.01. The court held the defendant liable based on unopposed evidence submitted by the bank, granting a decree with future interest and permission to proceed against the defendant's properties.

What did the court decide?

Defendant liable to pay Rs. 30,73,579.01 with future interest; bank entitled to proceeds from defendant's person and properties and costs.

Hdfc Bank Ltd., versus Chimakurthi Nvdss Ram Kumar — Money Laundering | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 3oth DAY OF APRIL, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

¶3

Original Application No: 432 OF 2023

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HDFC Bank Ltd., Credit Cards Division, # 5-9-22/ A & 5-9-22/ t/8, 5th Floor, Shapoorji Towers, Shapoorwadi, Adarsh Nagar, Opp. Telangana Secretariat, Hyderabad - 500063. Rep. by its Authorised Signatory.

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...Applicant

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Versus

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N4r.Chimakurthi NVDSS Ram Kumar, S/o.Chimakurthi, Occ: Business Age 43 Years, R/o.H.No.10-19-77, Brahmin Street, Mallikarjuna Peta, Vijayawada - 520001. ......Defendant

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Counsel for the Applicant : M/s.Srihari Bathina Defendants : Ex-parte

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.30,73,579.01ps towards credit card from the defendant with future interest @12olo p.a. with monthly rests from the date of application till the date of realisation along with costs,

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2" Summon sent to sole defendant returned with endorsement Refused, hence deemed to be served and was set ex-parte on 03.10.2023 as called absent and no representation. fu*"

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OA.No.43212023

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¶13

The Applicant^{Bank examined SumayaShaik, Legal Manager as AW-} 1 and marked 04^{documentsthrough her as Ex'A 1 to Ex'A'04'}

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Heard the Ld.^{Counselfor the Applicant Bank and perused the} material Placed on^record.

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The^point that arises^{for considerationis:-}

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Whether the^{Applicant Bank is entitled for} the claim made in^{the OA against the} Defendant?

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As stated supra, the^{Defendant remained ex-parte'The Evidence} Affidavit coupled with the^{recitalsin the documentsviz', Exs'A 1 to} A.04 marked on behalf of^{the Applicant Bank clinches the claimof} the ApPlicant Bank^{againstthe Defendant. Hence, I hold that the} Defendant is^liable to^{pay the OA claimto the Applicant Bank with} future interest and^costs'

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In the resutt,^{the present Original Application No'432/2023is} allowed as under:^-

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i) The Defendant is^{liable to pay to the Applicant Bank a} sum of Rs.30,73,579.01ps^{towardscredit card wlth} future interest @^{10.75olo p.a. simple,from the date of} application till^{the date of realization;}

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ii) the applicant bank^{is also entitled to proceed against} the person and^properties of^{the defendantfor} realization of its dues;

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lii) the applicant bank^{is entitled for the costs.}

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,,',)itttm- , . :v't

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f,//'^{'/\'o\ -}

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OA.No.432/2023

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The Applicant Bank is^{directed to file Cost Memowithin 2 weeks} from the date of receipt^{of this Order.}

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Issue Recovery Certificate^accordingly'

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Communicate a copy^{of this order to the parties concerned'} (Dictated to the steno., transcribed^{by him, corrected,signedand pronouncedbymein the} open court on this^{the3oth day of April,2025).}

¶28

,,ffia'w 1nJ(ruesnwaR^KorHE) PRESIDING OFFICER

Hdfc Bank Ltd., v. Chimakurthi Nvdss Ram Kumar

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd., v. Chimakurthi Nvdss Ram Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

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