Allowed

Idfc First Bank Ltd. v. Dulichand Musaddilal Oil Mill

DRT8 Jul 2025OA/482/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal adjudicated an original application filed by IDFC First Bank Limited for recovery of dues. The defendants remained ex parte. The tribunal held the respondents jointly and severally liable for the claimed amount, interest, and costs, and issued a recovery certificate.

What did the court decide?

Application allowed; defendants to pay principal sum, future interest, and costs; recovery certificate issued.

Idfc First Bank Ltd. versus Dulichand Musaddilal Oil… — Civil Procedure and Limitation | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE OSTH DAY OF ]ULY, 2025

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

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Original Application No: 482 OF 2024

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IDFC First Bank Limited.. Earlier M/s.Ca pital First Limited uoor No.6-3-354, 2nd Floor. 3_?]:y::f^{Near Nasarjuna circre,} t,anJara Hills Road No.1, Hyderabad_500034. Rep. by its Legal Manager.

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...Applicant

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Versus

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Dutichand Musaddilat Oit Mi Rep by its_proprietor, Mr. Manoj Kumar 199t*9r,^{R/o. 7-3'7os/1, Gagan pahad} KaJendranagar Mandal, Om Sh iva Sai Dharam Kant, Hyderabad _ 5OOO12.

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,. I?l?; Kumar Agarwal, S/o.Bajranj Lat Aged about 54 years, Occ: Busineis Rlo. 7³ 105/ t, cagan Pahad RaJendranagar Mandal, Om Shiva sar Dharam Kant, Hyderabad _ 5OOO12.

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3 I:ryLls".rygl, w/o.Manoj Kumar Agarwar A9e0 about 4l years, Occ: Business R/o. 7-3-t0s/f, Gaqan pahad Rajendra nagar Mandal, Om Shiva Sai Dharam Kant, Hyderabad _ 500012.

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...... Defenda nts

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Counsel for the Applicant : M/s. V.Santosh

Defendants

: Ex-parte

:: oRDER ::

1 The Applicant Bank filed the present OA for the recovery of a sum of

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Rs.77 ,79,486.33ps as on 31.0: o'z 4 r'Ytfo#snd a n ts joi n tr Y '/''?

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OA.No.482/20?4

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and^{severallywith futureinterest @24olo p a' with monthlyrests} from the^{date of applicationtill the date of realisationalong with} costs.

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Summons^{served on D1 to 3 throuqhpaperpublication' They were} set ex-parte^{on 12'06'2025as called absentand no rePresentation'} The ApPlicant^{Bank examined Akash Ghosh' Legal Manager as AW-1} and^{marked 09 documentsthrough himas Ex' A'1 to Ex A 09'}

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Ld. Counsel^{for the ApplicantBank stated orders may be passed on} merlts.^{Perusedthe materialplaced on record'}

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The^{point that arises for considerationis:-}

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Whether^{the Applicant Bank is entitled for} the ctaim^{made in the OA against the} Defendants?

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As stated^{supra, the Defendantsremained ex-parte' The Evidence} Affidavit^{coupledwiththe recitalsin the documents viz'' Exs' A;1 to} A'ogmarkedonbehalfoftheApplicantBankclinchestheclaimof the ApPlicant^{Bank againstthe DefendantsHence' I hold that the} DefendantsarejointlyandseverallyliabletopaytheoAclaimto the Applicant^{Bank with future interestand costs'}

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In the^{result, the present originalApplicationNo 482/2024is} 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'77} '79 '486'33ps^{as on} 3L.07 .2024^{with future interest@9 250lop a' simple'} from the^{date of application till trqlate of realization;} ffi'"'

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OA.No.482/2024

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ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for

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realization of its dues;

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iii) 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., transcribed by him, corrected, signed and pronounced by me in the open court on this the 08th day of July, 2025).

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ESHWAR KOTHE) PRESIDING OFFICER

Idfc First Bank Ltd. v. Dulichand Musaddilal Oil Mill

Case brief

What is this about?

What did the court decide?

Idfc First Bank Ltd. v. Dulichand Musaddilal Oil Mill

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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