Debts Recovery Tribunal allowed an application by Union Bank of India for recovery of Rs.33,53,517.86 along with future interest and costs against the Defendants.
Defendants directed to pay Rs.33,53,517.86 with future interest, costs, and to realise dues against hypothecated assets and properties of defendants; Recovery Certificate issued.
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 HYDEMBAD
DATED THIS THE 22NO DAY OF APRIL, 2025 PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.). M.A. PRESIDING OFFICER
ORIGINAL APPLICATIoN No: 461 oF 2024
Union Bank of India., Bachupatly Branch, Survey No.3 & 6, MLR Comolex. Bach upa tly X Road, Hyderabad.' r erangana - 500091.
Rep. by its Branch Manager.
.....Applicant.
Versus
- M/s.Tara ECO Tech., A Proprietary Concern, Represented by its proprietor
Mrs. S. Geetha, Office at
H. No.88-6-365, L.B Nagar, Old Bownepally, Secundera bad. Telangana - 500011. 2. Mrs.S.Geetha, w/o. Harish Babu samba, Aged about 47yeas, Occ: Business, R/o. H. No.9-5-13/2, pragathi Cotony, Hasmathpet, Secunderabad, T.c-5OOOO9.
... Defendants
Counsel for the Applica nt Defendants
: [4/s.V.Sethu Madhava Rao
:Ex-parte
:: ORDER ::
oA.NO.46u2024
2
162016180000012from the defendants jointly and severally with futureinterest@(12'55o/o+ 2o/openal) p'a with monthly rests fromthe date of application till the date of realization alongwith costs and in default for sale of hypothecated assets'
Whether theApplicant Bank is entitled for the claimmadein the OA against the Defendantsand OA hypothecated assefs?
oA.NO.46L/2024
a The Applicant Bank is directed to file Cost Memowithin2 weeks from the date of receipt of this Order,
frW**o (RKFfESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants against the Defendants hypothecated assets?
Whether the Defendants remain jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.
1 provisions across 1 enactments
Union Bank of India., Bachupatly Branch
M/s.Tara ECO Tech., A Proprietary Concern
Mrs. S. Geetha
Sh. M.M. Eshtwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
