Allowed

Hdfc Bank v. Mohan

DRT22 Jan 2025OA/735/2023

Case brief

AI extract

What is this about?

In an original application for recovery of dues totaling Rs. 31,79,348.98 with future interest and costs arising from a loan account, the Debt Recovery Tribunal, Hyderabad, held the sole defendant liable. As the defendant appeared via ex-parte order and remained absent, the court considered the documents submitted by the bank sufficient, allowed the application, and directed the defendant to pay t

What did the court decide?

The defendant is directed to pay the applicant a sum of Rs. 31,79,348.98 with future interest @ 10.75% p.a. and costs. A Recovery Certificate is to be issued.

Hdfc Bank versus Mohan — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL.I] AT HYDEMBAD DATED THIS THE 22ND DAY OF JANUARY, 2025 PRESENT: SH. RAMESHWI *.S#Rl'5;rt.t"fl^{' L LB (Hons ), M A.}

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Original Application No: 735 OF 2023

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HDFC Bank Ltd., One of rts Branch office at 1_ 10_60/3, J Hoor, Suryodaya ComDlex. Opp Shoppers Stop, Begumpet, Hyderabad - 5OO 016. Hep. by its Legal Manager.

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...Applica nt

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Versus

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Mr. B. [4ohan, S/o. B. Narsimha _ R/o.Flat No.205, Godavari eois, Sharad Nagar, RamanthaDur. Hyderabad, Tetangana _ ioobr:.

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Also at:B-Mohan, S/o. B.Narsimha, Hotel Brryani Mahal, L60/ 2/FF, Lalbazar, Ru0raroad. Lothukunta, Secunderabad, Ranga Reddy, Hyderabad, Telangana_500015.

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.... .. Defendant

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Counsel for the Applicant

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Defendants

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Iv1ls.Srihari Bathina

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Ex-parte

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:: oRDER ::

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.31,79,348.98ps under Loan A/c.No.93044618 from the defendant with future interest @ L7o/o p.a. along with 2o/o p.m. from the date of. application till the date of realisation along with costs. N'*

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oA^No735/2023

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Summon^{served on sole defendantand was set ex-parteon} ;; r;.rara^{as called absent and no representation'}

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J. rhe 1 and^{Appricanr Bank marked 04 documents examined.s,ffl'rliI;Illii::Til:ti} 4. Ld. a"r,"^Counsel ""0^{O"-'ed for the Applicant the material Bank placed on recordstated orders may be passed on}

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The^{point that arises for considerationis:-}

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Whether^{the AppticantBank is entitled for} the^{ctaim ,uia'" in the oA again* fie} Defendant?

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Evidence

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6.^{As stated supra' the Defendant remain:d ":lll".,',tt"} Exs' A^{1 to} Affidavit^{coupledwiththe recitals in the documents viz '} A.o4^{marked on behalf orin" npputunt Bank clinches the claim of} the^{Applicant eant< againsttne Defendant'Hence' I hold that the} Oo claim^{to the Applicant Bank with}

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Defendant^{is liableto} '"'-tn"

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future^{interest and costs}

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ln^{the result' the present OriginalApPlicationNo i} 135lzoz3 is allowed^{as under: -}

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i)^{The Defendantis liable to pay to the Applicant Bank a} sum of^{Rs'31'79'348'98ps under Loan A/c'No'} 93044618^{with future interest @ 1O'75o/op'a simple'} from the^{date of applicationtill the date of realization;}

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bank is^{also entitled to proceed against}

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ii) the^applicant and^{propertiesof the} xflefendant^for

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the Person realizatlon^of its dues; /Y*s

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OA.No.735/2023

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iii) the applicant^{bank is entitledfor the costs'}

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Memo within^{2 weeks}

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B. The Applicant^{Bank is directed to file Cost} from the^{date of receipt of this Order'}

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Issue Recovery^{Certificate accordingly'}

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Communicate ir*"r;;;,tu^{;"no., tr.n,.tin"a a copy of this by order hi', to"etted' to the iigned parties and pronounced concerned'byme in the} tp"n .or.t^{on tnis the22ndday of January, 2025)'}

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.1s9,

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PRESIDING^OFFICER

Hdfc Bank v. Mohan

Case brief

What is this about?

What did the court decide?

Hdfc Bank v. Mohan

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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