Debts Recovery Tribunal allowed the bank's application for recovery of Rs.21,37,500 with interest against defendants jointly and severally, securing the claim via hypothecated assets.
Payment of Rs.21,37,500 with future interest @11.05%, costs, and recovery certificate issued.
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.II AT HYDERABAD
DATED THIS THE 15TH DAY OF SEPTEMBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 75 OF 2025
Union Bank of India., Vanasthalipuram Branch D.No. C175 & 176, Main Road Vanasthalipuram, Hyderabad Telangana - 500070. Rep. by its Chief Manager.
..... Applicant.
Versus
...Defendants
Counsel for the Applicant : M/s.S.Shekhar Reddy Defendants : Ex-parte
:: ORDER ::
oa.No.7sl2025
2
severally with future interest @13.05o/o p.a. from the date of application till the date of realization along with costs and in default for sale of hypothecated assets.
Whether the Applicant Bank is entiued for the claim made in the OA against the Defendants and OA hypothecated assets?
i) The Defendants are joinuy and severally liable to pay to the Applicant tsank a sum of AW"*
3
oA.NO.7sl2025
Rs.21,37,500/- with future interest @11.05% p.a. simple from the date of application till the date of realization;
ii) the OA claim is secured by way of hypothecation of assets described in the schedule annexed to the OA and the applicant bank is entifled to proceed against the same to realise its debu
iii) the applicant bank is also entiUed to proceed against the person and properties of defendants for realization of its dues;
iv) the applicant bank is entifled for the costs.
OW"*n lnh('esHwnRKorHE) 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 hypothecated assets
Union Bank of India, Vanasthalipuram Branch
M/s. Ramesh Paper Plate Supply
Mrs.Kethavath Gamma
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
