The Tribunal affirmed the Debt Recovery Tribunal's order allowing the Bank of Baroda's application for recovery of outstanding dues from two defendants, ruling them jointly and severally liable.
Defendants ordered to pay Rs. 41,56,943/- with future interest and costs; Bank entitled to proceed against hypothecated vehicle and defendant's properties.
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 RECOVERYTRIBUNAL-II AT HYDEMBAD
DATED THIS THEO2NDDAY OF MAY,2025
PRESENT: SH. MMESHWARKOTHE,B.COM,,L'LB. (HONS.),M.A' PRESIDING OFFICER
ORIGINAL APPLICATIONNo: 526 OF 2024
Bank of Baroda., QuthbullaPurBranch, H.No.5-73, KrishanKunj Gardens, BhagyalaxmiNagar, QuthbullaPur, QuthbullaPurMandal, Medchal - MalkajgiriDistrict, Hyderabad-500055' Rep. by its Chieiilanager.
""'Applicant'
Versus
... Defendants
: M/s.P.V'Satyanarayana Counsel for the Applicant Defendants : Ex-Parte
:: 9LLE& ::
2
oa-No.s25/2024
from the date of application till the date of realization along with costs and in default for sale of hypothecated veh icle.
were set ex-parte on 06.02.2025 as called absent and no representation.
Manager, as AW-l and marked 11 documents through him as Ex.A. 1 to Ex.A.11.
passed through merits. perused the material placed on record.
Whether the Applicant Bank is entitted for the claim made in the OA against the Defendants and OA hypothecated vehicle?
oA.NO.526/2024
Rs.41,56,9431- with future interest @10.87% p.a. simple from the date of application till the date of realization;
iv) the appllcant bank is entitled for the costs.
7/flwry,r.-yrt9 //,/ 0""' (RAIVTESHWAR KOTHE) PRESIDING OFFICER
3 issues framed by the court
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...
...
Bank of Baroda
Smt. Thanneeru Sridivya
Sri. Tahanneeru Kiran Kumar
Mmeshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
