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Hdfc Bank Ltd. versus Ponnal Sai Prasad — Banking and Recovery | DRT (2025)

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DRT
2025
Hdfc Bank Ltd. versus Ponnal Sai PrasadHdfc Bank Ltd. v. Ponnal Sai Prasad

Allowed

Hdfc Bank Ltd. v. Ponnal Sai Prasad

DRT17 Jun 2025OA/619/2023

Case brief

AI extract

What is this about?

The Tribunal allowed the bank's application for recovery of Rs.26,95,058.10 plus interest and costs on default by the defendant.

What did the court decide?

Defendant to pay Rs.26,95,058.10 with future interest at 8.25% p.a. and costs; Recovery Certificate issued.

What the court decided

AI extract

A

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 17th DAY OF ]UNE, 2025

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

Original Application No: 619 OF 2023

HDFC Bank Ltd., One of its Branch office at L-tO-60/3, 3'd Floor, 34, Suryodaya Complex, Begumpet, Hyderabad - 500 016. nep. by its Legal Manager.

...Applicant

Versus

Ponnal Sai Prasad, S/o.ponnal Anjaiah, Age 34 Years, Occ: Business, Rl o. lB-7 - 607 / 8 /7 3, Uppuguda Dahani Nagar, Charminar, Falaknuma, Beside Chetrinaka^police Station, Hyderabad, Telangana - 500053.

...... Defendant

Counsel for the Applicant : M/s.Srihari Bathina Defendants : Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery of a sum of Rs.26,95,058.10ps towards Loan A/c.Nos.68609249, 8198546 & 451160230 from the defendant with future interest @16.50o/o, 9.25o/o & 2lo/o p.a. along with interest @2olo p.m. from the date of application till the date of realisation along with costs.

Issues for consideration

1 issue framed by the court

AI extract

1.
Whether the applicant bank is entitled for the claim made in the original application against the defendant?

Parties & counsel

AI extract

applicant
HDFC Bank Ltd.

Coram

AI extract

Rameshwarkothe

Case details

As recorded by the court registry

Court: DRT
Decided on: 17 Jun 2025 · June
Case no.: OA/619/2023
CNR: 280120008182023

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Cite this judgement

Hdfc Bank Ltd. v. Ponnal Sai Prasad, OA/619/2023 (DRT), decided on 17 June 2025.

The Debt Recovery Tribunals publishes no neutral citation for this judgement — cite it by case number and date of decision.

Bench / Coram

Rameshwarkothe

Parties & counsel

Outcome

Defendant to pay Rs.26,95,058.10 with future interest at 8.25% p.a. and costs; Recovery Certificate issued.

Issue for consideration

Whether the applicant bank is entitled for the claim made in the original application against the defendant?

Detailed headnote1 paragraphs

The Debts Recovery Tribunal allowed the recovery claim as the defendant remained ex-parte. Evidence marked by the applicant bank clinched the claim. The defendant was directed to pay the principal sum, future interest at 8.25% p.a., and costs, with a recovery certificate to be issued.

A compact analysis

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.

Summon sent to sole deFendant returned with endorsement unclaimed, hence deemed to be served and was set ex-parte on 15.03.2024 as called absent and no representation {ty- 1*f". \l.v

OA.No.619/2023

The Applicant^{Bank examined SumayaShaik' Legal Manager as Aw-} 1 and marked 09^{documentsthrough her as Ex A'1 to Ex A'09'}

Ld. Counsel^{for the ApplicantBank stated orders may be passed on} merits. Perused^{the materialplacedon record'}

The^point that^{arises for considerationis:-}

Whether the^{Applicant Bank is entitled for} the claim made^{in the OA against the} Defendant?

As stated^{suPra, the Defendant remained ex-parte The Evidence} Affidavit^{coupledwiththe recitals in the documents viz" Exs A'1 to} A.9 marked^{on behalf of the Applicant Bank clinches the claim of the} Applicant Bank against^{the DefendantHence' Ihold that the} Defendant is^{liableto pay the OA claimto the Applicant Bank with} future interest^{and costs.}

In the result,^{the present Original Application No'619/2023is} allowed as under:^-

i) The Defendant is^{liable to pay to the Applicant Banka} sum of Rs.26,95,058.10ps^{towardsLoan A/c. Nos.} 68609249,8198546 &^{451160230with future interest} @8.250lo^{p.a. simple,from the date of application till} the date of realizatlon;

ii) the applicant bank is also entitled^{to proceedagainst} the person and^properties of the defendant^for realization of its dues;

iil) the applicant bank is entitled^{for the costs.} M*'"

OA.No.619/2023

The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

Issue Recovery Certificate accordingly.

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 17th day ofJune, 2025) .

OW.* (RAMESHWAR KOTHE) PRESIDING OFFICER

Topic

Banking and Recovery

Bench

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