Allowed

Hdfc Bank Ltd., v. Sri Anirudh Constructions

DRT22 Apr 2025OA/435/2024

Case brief

AI extract

What is this about?

Allowed an original application filed by HDFC Bank Ltd. for recovery of dues totaling Rs. 32,06,909.68 from armed construction contractors and individuals via hypothecated vehicles. Granted future interest at 8.25% p.a. and directed issue of recovery certificate.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 32,06,909.68 with future interest @8.25% p.a. secured by hypothecated vehicles; applicant entitled to costs and recovery certificate.

Hdfc Bank Ltd., versus Sri Anirudh Constructions — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY DArED rHrs rru rr,;t::X'Jl;;l1lt;f^.**, PRESENT: SH. MMESHWAR KOI o^urrir[%.iri...r?.,^{L. LB.(Hons.} ), M.A.

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ORIGINAL APPLICATION No: 435 oF 2024

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HDFC Bank Ltd.,

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3:i,s};d!['*:lr.#fr::j'

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i:3:ff i:XJ,X"J.',.'"Ti,ilLr",,i:

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.....Applicant.

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Versus

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Sri Anirudh Constructions__ Rep by its Managing partnlr Rl.o.t6- I 1_ t9/ 5/ 2/Ot, Chekotekar white House, Karachi Bakery P::!.iq",^{sateem Nasar, rvrjrakpet,} Hyderabad, Telangana _ sOOOfb.

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Srinivas Chekolekar, S/o.Mogulaiah Chekotekar, Age 46^years, Occ: Business,

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Rl o. 7 6- t L - 79 / 5 / 2/D 1, Chekoteka r White House, Karachi Bakery Baskside, Saleem Nagar, ttjtatpet, Hyderabad, Tetangana _ SOOO:0.

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...Defendants

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Counsel for the Applicant

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Defendants

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: M/s. Lotus Law Associates

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:Ex-parte

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:: oRDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.32,06,909.69ps from the defendants joinUy and .7r"*_,-i.u.D

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oA'No'435/2024

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a compounded^with severarry^{with ruture} ]:::::"T""r;',iul'o"^{,u' the date or} montnty^{rerts from} -the ""it . ;J^{," defautt for sale of} realization^{along withc} hypothecated^vehicles' on

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z.^{summons **"0} ":,:-:;^{j"j;Jl""J,"llli.iet.ex-parte} '' ou'o'''o'u^{as calledabs€}

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3.^{rhe Appricant Bunk *"hd"s.*iJil#'ll'l'iliJi} AW-1^{and marked 18 do} A.18'

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4.^{Ld. counse} "' ": ^'Jl::1:'JJ::ffi:1.:::"i: '::'J" Passed^{through merits'}

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

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W hether^{the A}PlicantBank} :s'^e!::'l::t for^{the claimmade in the OA:Sat:::} the^{Defendantsand OA hypothecated} vehicles?

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6.^{As stated supra' the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwith the recitalsin the documents} viz.,^{Exs' A 1 to A'18 markedon behalf of the ApplicantBank} clinches^{the claim of the Applicant Bank against the Defendants'} Hence,IholdthattheDefendantsarejointlyandSeverallyliable to^{pay the OA claimto the Applicant Bank with futureinterest} and^costs'

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Original^{Application No'435/2024is}

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1. In^{the result, the Present} allowed^{as under: -} fr$s'''-

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oA.NO.43sl2024

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i) The Defendants are^jointly and^severally liable to pay to the Applicant^Bank a^{sum of} Rs.32,06,909.68ps with future^interest @8.25olo^{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} hypothecation of vehicles^{described in the} schedule annexed to the OA^{and the} applicant bank is^{entitledto proceed against} the same to realise its debt;

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

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iv) the applicant bank^{is entitledfor the costs'}

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B. The Applicant Bank^{is directed to file Cost Memo within2 weeks} from the date of^{receipt of this Order.}

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q Issue Recovery Certificate^accordingly.

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Communicate^{a copy of this order to the parties concerned'} (Dictated to the steno, corrected,^{slgnedand pronounced by me in the open court on} this the 22"d Day^{of April,2025).}

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$a*9 ESHWAR KOTHE) PRESIDING^OFFICER

Hdfc Bank Ltd., v. Sri Anirudh Constructions

Case brief

What is this about?

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Hdfc Bank Ltd., v. Sri Anirudh Constructions

Case brief

What is this about?

What did the court decide?

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