The Debts Recovery Tribunal allowed the petitioner bank's Original Application for recovery of Rs.33,00,277.05 with future interest, relying on marked documents in the absence of respondents, and directed issuance of a Recovery Certificate.
Defendants jointly and severally liable to pay Rs.33,00,277.05 with future interest; Recovery Certificate issued.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 16TH DAY OF OCTOBER,2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 487 OF 2024
M/s. YES Bank Ltd., 2nd Floor, H.No. 1-8-397 Agravanshiplaza, HUDA Lane S.P Road, Secunderabad - SOOOO3. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Wo. Mr. Gaddam Shailender Reddy Flat No.50g, Block D, Shweta Shubiram Jai Bheri Colony, Near K V R gardeni Kompally, Medchal Malkajgiri Hyderabad - 500014.
.. , Defendants
Counsel for the Applicant
Defendants
: M/s. N. B. Sudarshan
: Ex-parte
:: ORDER::
oA.NO.48712024
2
the date ofrealization along with costs and in application till default forsale of hypothecatedvehicle.
hence, deemedto absent andno rePresentation '
10,01.2025as called
Whetherthe Applicant Bank is entitled for theclaim madein the OA against the Defendantsand oA hYpothecated vehicle?
oA.NO.487/2024
3
Rs.33,00,277.05ps with future interest @10.500/op.a. simplefrom thedate of application till the date of realization;
ii) the OA claim is secured by way of hypothecation of vehicle described in the schedule annexed to the OA and the applicant bank is entitled toproceed against the same to realise its debt;
fu.s"" (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Debt Recovery Tribunal is entitled to adjudicate a claim for recovery of dues amounting to Rs.33,00,277.05 from the respondents?
M/s. YES Bank Ltd.
Mr. Gaddam Ashrith Reddy
Mrs. Shailaja Reddy Gaddam
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
