Allowed

Hdfc Bank Ltd. v. Voruganti Shailaja

DRT23 Jun 2025OA/759/2022

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's original application for recovery of a loan amount of Rs. 22,04,878.65 along with interest and costs against the defaulted borrowers and the hypothecated vehicle.

What did the court decide?

Directing defendants to pay Rs. 22,04,878.65 with future interest of 8.25%; allowing proceedings against the hypothecated vehicle and defendants' properties; awarding costs.

Hdfc Bank Ltd. versus Voruganti Shailaja — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TR]BUNAL.II AT HYDERABAD

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DATED THIS THE 23'd DAY OF JUNE, 2025

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

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ORIGINAL APPLICATION No: 759 OF 2022

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HDFC Ba nk Ltd., Having its office at # 1-10-60/3, 3'o Floor, 34, Suryodaya Complex, Begumpet, Hydera bad - 500016. Rep, by its Authorized Signatory.

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.....Applicant.

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Versus

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Voruganti Shailaja, D/W/o. Paga ta [4a a Reddy, Age 38 Years, Occ: Business, R/o.Plot No.75, Padma Rao Nagar, Yella reddy Guda Kapra, Ecil, Secunderabad, Hyderabad, Telangana - 500062.

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l4/s.Shailaja Food Court Rep by its Proprietor Voruganti Shailaja, R/o. Plot No.10, Chakrtpuram, Nagarjuna Nagar Colony, Nagaram

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Keesara, Hydera bad, Tela n qa na - 50008 3.

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.. . Defendants

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: Mr.Srihari Bathina Counsel for the Applicant Defendants : Ex-parte

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:: qLD-L& ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.22,04,878.65ps towards Loan A/c. Nos.5256560, 62283873 & 8185099 from the defendants jointly and severally with future interest @17.50o/o, 77o/o & 9.650/o p.a. along with ?r.r^{jr.t'^} '-!!"

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oA.NO.7s9l2022

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interest @2Vo^p.m. from the date of application till the^date of of realization along wlth costs and in default for^sale hypothecated vehicle.

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Summons served on D1 through^{paperpubllcation,whereas} summons served on D2. They were set^{ex-parte on 07.03.2024} as called absent and no representation.

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3, The Applicant Bank examined Sumaya Shaik, Legal lvlanager,^as Aw-1 and marked 06 documents through her as Ex. A.4 to^Ex. A.06.

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Ld. Counsel for the Applicant Bank reported orders may^be passed through merits. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated vehicle?

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As' stated supra, the Defendants remained ex-parte.^The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.06 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jolntly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No,75912022 is allowed as una.r, - 1fu.n\q

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oA.NO.75912022

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.22,04,878.65ps towards Loan A/c. Nos. 5256560, 62283873 & 8185099 with future interest @8.25olo p.a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of hypothecation of vehicle described in the schedule annexed to the OA and the applicant bank is entitled to^proceed against the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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

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q Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the^parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 23'd Day of June, 2025).

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firy6**" (RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Voruganti Shailaja

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. Voruganti Shailaja

Case brief

What is this about?

What did the court decide?

What the court decided

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