Debts Recovery Tribunal allowed the bank's Original Application for recovery of dues including cash credit and term loan amounts with interest, declaring defendants jointly and severally liable.
Defendants ordered to pay cash credit and term loan amounts with future interest; bank entitled to proceed against mortgaged properties, personal assets, and costs.
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 RECOVERY TRIBUNAL-IIAT HYDEMBAD
DATED THIS THE 25TH DAY OF AUGUST,2025
PRESENT: SH. RAMESHWAR KOTHE, B.COM.,L.LB. (HONS.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 63 OF 2024
Union Bank of India., Asset Recovery Branch #249/3RT, 1st Floor, Main Road S.R Nagar, Hyderabad - 500038. Rep. by its Authorized Signatory.
.....Applicant.
Versus
: Ex-parte
:: ORDER ::
oA.NO.63/2024
2
Cash Credit A/c.No.327305010050059 with future interest @11.50o/op.a. and a sum of Rs.56,55,410.96ps towards Term Loa n A/c. No. 327306390002257 wilh future interest @ 10. 90o/o p.a. from the defendants jointly and severally with monthly rests from the date of application till the date of realization along with costs and in default for sale of OA schedule properties.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?
oA.NO.63l2024
oA.NO.63/2024
4
I ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?
Union Bank of India, Asset Recovery Branch #249/3RT
M/s. Padmavathi Industry (A Partnership Firm)
Mrs. Padma Gandhari
Mr. Laxmi Narayana Gandhari
Rameshwarkothe
EshwarKothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
