Debts Recovery Tribunal-I at Hyderabad decided this Original Application filed by Bank of Baroda against Kamal Industries and Smt. Sake Alivelu.
Defendants jointly liable to pay Rs.43,48,413.84 with interest; Applicant entitled to proceed against hypothecated vehicle and defendant 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.
]N THE DEBTS RECOVERY TRIBUNAL-I] AT HYDERABAD DATED THIS THE 31SI DAY OF OCTOBER, 2025
PRESENT: sH, MMESHWAR KoTHE, B.com., L.LB. ( Hons. ), M.A. PRESIDING OFFICER
ORIGINAL APPLICATIoN No: 581 oF 2025
Bank of Baroda Having its office at D.No.1-148g, Chakravarthy Comolex. Rudrampet Circle, Ananthapuramu, Andhrapradesh-515004. Rep. by its Authorized Signatory.
.....Applicant.
Versus
... Defendants
Counsel for the Applicant : G. VENKAT SRI MAITHREYA
Defendants
:Ex-parte
:: ORDER ::
- The Applicant Bank filed the present OA for the recovery of total sum of Rs.43,48,413.84ps as on 19.05.2025 from the D1 and D2 are jointly and severally with future interest @!2.4o/o fu;se
oA.NO.581/2025
2
p.a. from the date of application till the dateof realization along with costs and in defaultfor sale of hypothecated vehlcle.
3
oA.NO.s81l202s
i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of
Rs.43,48,413.84ps with future interest @10.90olo p.a. simple from the date 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 entifled to proceed against the same to realise its debt;
iii) the applicant bank is also entiiled to proceed against the person and properties of defendants for realization of its dues;
iv) the applicant bank is entitled for the costs. B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
/i<{.rv-- iut9 SHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to rely on the evidence affidavit and marked documents for recovery?
Bank of Baroda
M/s. Kamal Industries
Smt. Sake Alivelu
SH. MESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
