Allowed

Hdfc Bank Ltd. v. Mr. Ragineni Viswa Mohan

DRT8 Sept 2025OA/432/2024

Case brief

AI extract

What is this about?

Debt Recovery Tribunal allowed an applicant bank's original application for recovery of Rs. 24,07,604.04 along with interest and costs against four respondents who failed to appear. The court declared the defendants jointly and severally liable.

What did the court decide?

Declaration of joint and several liability to pay Rs. 24,07,604.04 plus interest; entitlement to proceed against mortgaged properties and defendants' persons/properties; issuance of recovery certifica

Hdfc Bank Ltd. versus Mr. Ragineni Viswa Mohan — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE OSTII DAY OF SEPTEN4BER, 2025

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

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ORIGINAL APPLICATION No: 432 OF 2024

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HDFC Bank Ltd., Bank House Department for Special Operations, H. No.6-3-246 & 6-3-244/A 3'd Floor, Roxana Palladium, Road No.1 Banjara Hills, Hyderabad - 500034. Rep. by its Authorized Slgnatory.

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.....Applicant.

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Versus

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lYr. Ragineni Viswa Mohan S/o. Ra manjaneyu lu, Aged about 48 Years, Occ: Farmer, R/o.H.No.1-55 OC Colony, Rajapuram Village, Gooty lvlandal, Ananthapur District - 515401.

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Ivl r. Ragineni Ramanjaneyulu S/o.lYusahappa, Aqed about 83 Years Occ: Farmer, R/o. H. No.1-55 OC Colony, Rajapuram Village, Gooty Mandal, Ananthapur District - 515401.

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Mrs.Jaya Lakshmi, W/o. Ra manjaneyu lu Aged about 78 Years, Occ: Home Maker R/o. H. No.1-55, OC Colony, Rajapuram Village, Gooty Mandal, Ananthapur District - 515401.

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Mr. Devara Venkata Krishna lvlohan S/o.Obulesu, Aged about 46 Years Occ: Business, R/o. H. No.10/207, Chambula Bavi Street, Gooty Village & lvlandal Ananthapur District - 515401.

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...Defendants

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Counsel for the Applicant : M/s.M.Srlnlvas Reddy

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Defendants ; Ex- parte
N*"

oA.NO.432l2024

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,07,604.04ps from the defendants joinfly and severally with @11.01o/o p.a. from 28.05.2024 Cash Credit Loan facility the statement date to the date of award/decree and thereafter @180/o p.a. compounded with monthly rests from the date of application till the date of realization along with costs and in default for sale of OA schedule properties.

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Summons served on D1 to 4. They were set ex-parte on 73.72.2024 as called absent and no representation.

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The Applicant Bank examined D.Suresh, Legal Manager, as AWl and marked 0B documents through him as Ex. A.1 to Ex. A,OB,

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Heard the Ld. Counsel for the Applicant Bank. perused the material placed on record.

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The point that arises for consideration ls:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.08 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to^pay the OA claim to the ApplicarlBank with future interest and costs. /ffix$

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oA.NO.43212024

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In the result, the^present Original Application No,432/2024^is allowed as under:^-

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a sum of Rs.24,07,604.04ps with future interest @11.01olo^p.a. simple from the^{date of} application till the date of realization;

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ii) the OA claim is secured by way of mortgage of properties described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debU

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iii) the applicant bank is also entitled to^proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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B. The Applicant Bank is directed to file Cost Memo within 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, corrected, signed and pronounced by me in the open court on this the 08th Day of september, 2025).

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(RAMESHWAR KOTHE)fiy.** PRESIDING OFFICER

Hdfc Bank Ltd. v. Mr. Ragineni Viswa Mohan

Case brief

What is this about?

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Hdfc Bank Ltd. v. Mr. Ragineni Viswa Mohan

Case brief

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