In an ex-parte application for debt recovery, the Tribunal held the defendant liable to pay the outstanding loan amount with future interest and costs based on the bank's documentary evidence.
Recovery of Rs.29,22,563.22 with future interest @10.25 p.a. and costs; issuance of Recovery Certificate.
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 25TH DAY OF JULY, 2025
PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (HonS.), M.A. PRESIDING OFFICER
Original Application No: 46 OF 2023
HDFC Ba nK Ltd., One of its Branch office at 1-10-60/3, 3'd Floor, Su ryodaya Complex, Begumpet, Hyderabad - 500 016. Rep. by its Legal Manager.
.....Applicant
Versus
Mr. Saikumar Palem, S/o.Venkatesh palem Age 36 Years, Occ: Business R/o. H.No.5 13 94, Flat No.501 Ganapathi Homes, Phanagiri Kotha pet Saroornagar, Ranga Reddy,p and T Colony Hyderabad, Telangana - 500060.
Also at:-
Embassy Tech Village, SEZ Outer Rinq Road ORR Deva rabesa nahalli, Vathur Hobli Bangalore, Karnataka - 560103.
...... Defendant
Counsel for the Applicant : M/s. Srihari Bathina Defendants : Ex-parte
:: ORDER ::
along with costs.
OA.No.46l2023
2
Whether the ApplicantBank is entitledfor the ctaim made in theOA against the Defendant?
OA.No.4612023
3
w.1er5
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant Bank is entitled to the claim made in the OA against the Defendant?
HDFC Bank Ltd.
Mr. Saikumar Palem
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
