Allowed

Karur Vysya Bank Limited v. M/S. Vohul Techno Solutions

DRT29 Oct 2025OA/524/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by a bank against defendants. The court adjudged the defendants jointly and severally liable to pay the dues with future interest and confirmed the bank's right to realize the debt from mortgaged property and the defendants' personal assets. A recovery certificate was issued.

What did the court decide?

Defendants directed to pay Rs. 69,49,246.46 with future interest @12.55% p.a.; Recovery Certificate issued; Costs awarded to Applicant.

Karur Vysya Bank Limited versus M/S. Vohul Techno Solutions — Banking and Recovery | DRT (2025)

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IN THE DEBTS^{RECOVERYTRIBUNAL-IIAT HYDEMBAD} DATED THIS^{THE29TH DAYOF OCTOBER'2025}

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PRESENT:^{sH. nIMESHWAR#o*I|&P,.#'L'LB}

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(Hons')'^{M A'}

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ORIGINAL^{APPLICATIONNo: 524 OF 2024}

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Karur^{vYsYa Balk u.'Ii:::;;.t} Hieh sR^{Nasar B'919h,^s]} :,u]li=li"i"""

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.....APPlicant'

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r:*liriin'""t;gfl;i:'J:'

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Versus

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' Hg^{J,"i'i'-..""'IH":;!l:ii&.""."Y""'} l:l!,t:ffi":'l:J::jF"

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't*,fl'H1';,,""l'#i'l#':';;;;'o'

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...Defendants

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Mr.^{Lanka lagannadham}

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Counsel^{for the APPItco"'}

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Ex- Parte

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Defendants

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O^{R D E R::} ,g69v€fY^{a total} 1. ::J:?":T:;I:;:i:::';'"frH$"'lL"""l;"""

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oA.NO.524l2024

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severally with future interest @13.55% p.a. fromthe date of default application for sale till the of Schedule date of of reatization property. along with costs and in

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Summons served 2 through paper pubrication. They were set ""-run^on^?'.ld representation. :e on 79'02'2025 as called absent and no 3. The Applicant Ban Manaser, ,. o* ,n lt:::d P N s v chalapathi Rao, Senior Ex. A.1 to ar.;.r;. dnd marked 15 documents through him as

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Heard the Ld. Cor materiar praced;:;:T'^the Appricant Bank. perused

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rhe 5. The point that arises For consideration is:-

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Whether thl ^^{^^,.} ffif!,"Jtri";,#

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nfrl}l##ffi--". t'.Dk with ruture interest ' ilffr'":':'j;i1.."-o'"'"''

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n N o's 2 4 / 20 24 i s " "' hr#;Jt

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oA.NO.S2412024

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i) The Defendants are join y and severally liable to pay to the Applicant Bank a sum of

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Rs.69,49,246.46ps with future interest @12.55% p.a. simpte from the date of application till the date of realization;

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ii) the OA claim is secured by way of mortgage of property described ln the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues; iv) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost t4emo 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, corrected, signed and pronounced by me in the open court on this the 29th Day ofOctober, 2025).

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)tlg l/ ',o.ESHWAR KOTHE) PRESIDING OFFICER

Karur Vysya Bank Limited v. M/S. Vohul Techno Solutions

Case brief

What is this about?

What did the court decide?

Karur Vysya Bank Limited v. M/S. Vohul Techno Solutions

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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Case details

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