Hdfc Bank v. a Ashwin
Case brief
What is this about?
In an original application under S. 19 of the RDB Act, 1993, the Debt Recovery Tribunal allowed the bank's claim for loan recovery. Since the defendant failed to cross-examine witnesses or produce contrary evidence, the Tribunal held that the documented claim was established and ordered payment of dues.
What did the court decide?
Defendant liable to pay Rs.88,54,750.31ps plus future interest at 10.75% p.a.; entitlement to proceed against defendant's person for realization; costs.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAT) DATED THIS THE O6TH DAY OF AUGUST, 2025
PRESENT: SH. RAMESHWAR KoTHE, B.Com, L.LB. (Hons.), M.A. PRESIDING OFF]CER
ORIGINAL APPLICATION NO: 481 OF 2023
H DFC Ban k Ltd., H.No.1-10-60/3, 3'd Ftoor, Su ryodaya Complex, Opp. Shoppers Stop, Begumpet, Hyderabad - 500016. Represented by its Authorised Signatory. ...Applicant
Versus
A.Ashwin, S/o.Ana ntha Vijayan Age 35 Years, Occ: Private Service R/o. 202 Vijaya Sai Silver Heights Sai Enclave Colony, Habsig uda Hyderabad - 500007.
Also at:A.Ashwin, S/o.Anantha Vijayan Age 35 Years, Occ: Private Service C/o. Spicejet Limited., RGI Airport Shamshabad,Hyderabad,Telangana-501218. ...Defendants
Counsel for the Applicant : lvlr. C.V.Srinath Counsel for Defendant : Mr. A.Pavan Kumar Yadav
::qLLE& ::
- The Applicant Bank filed the present OA u/s 19 of The Recovery of Debts & Bankruptcy Act, 1993 for recovery of a sum of Rs.88,54,750.31ps from the defendant with future interest @10.75olop.a. compounded with monthly rests from the date of application till the date of realisation along with *t
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant and as prayed for?.
Parties & counsel
- applicant
H DFC Bank Ltd.
Coram
Rameshwar Kothe
Case details
As recorded by the court registry
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