Hdfc Bank v. Devi Rice Traders
Case brief
What is this about?
Debts Recovery Tribunal II at Hyderabad allowed the bank's application for recovery of Rs. 26,08,586.99 with future interest against defendants sued jointly and severally.
What did the court decide?
Defendants directed to pay Rs. 26,08,586.99 with future interest at 8.25% p.a. and costs; Recovery Certificate issued.
What the court decided
IN THE DEBTSRECOVERYTRIBUNAL.II AT HYDERABAD DATED THIS THEO4THDAYOF FEBRUARY,2025 PRESENT: SH. RAN1ESHWARKOTHE,B.COM.,L.LB. (HONS.), M.A. PRESIDING OFFICER
Original ApplicationNo: 735 OF 2022
H DFC BANK Ltd., Having its office at# 1-10-60/3, 3'd Floor, 3A, Suryodayacomplex, Begumpet,Hyderabad - 500016. Rep, by itsAuthorized Signatory.
...Applica nt
Versus
- M/s.Devi RiceTraders., Rep by its ManagingPartner Maheswaram Devendra, H. No.8-3- 168/M/11/3,Kalyan Nagar, Phase III,MothiNagar, Hyderabad, Telan g a n a - 500045.
- lvlaheswa ramDevendra, S/o.Bhima RaiMaheswaram, Age 46 Years, Occ:Business, H. No.13-1- 198/A 15O4,Sai Kurpa Apts, BSPColony,Mothi Nagar, Near RoyalFunctionHall, Hyderabad, Telangana -500018.
- M.Naveen Prasad,Age lvlajor, Occ: Business, H.No.8-3- 168/M/ 11/3, Kalyan Nagar, Phase III,MothiNagar, Hyderabad, Tela ngana- 500045
. ..... Defenda nts
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
Parties & counsel
- applicant
H DFC Bank Ltd.
- respondent
M/s.Devi Rice Traders. (Rep by Maheswaram Devendra)
- respondent
Maheswaram Devendra.
- respondent
M.Naveen Prasad
Coram
Case details
As recorded by the court registry
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