ATF Hyderabad allowed an original application filed by HDFC Bank for recovery of Rs. 21,83,269.73 (+ interest) from two respondents. The bank proved its case via affidavit and documents; defendants remained ex-parte.
Directing respondents to pay Rs. 21,83,269.73 with future interest at 12.05% p.a., secure claim via hypothecation, and issue recovery certificate.
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 DEBTSRECOVERYTRIBUNAL'IIAT HYDEMBAD DATED THISTHE OTth DAYOF MARCH,2025
PRESENT: SH.MMESHWARKOTHE,B.COM.,L.LB. (HONS.), M.A. PRESIDINGOFFICER
ORIGINALAPPLICATION NO: 804 OF 2023
HDFC BankLtd., Havino its office at# 1-10-60/3, 3'd Flo;r,4A, SuryodayaComPIex, Begumpet,Hyderabad- 500016. Rep. by itsAuthorized Signatory.
.... .Applica nt.
Versus
... Defendants
Counsel for theAPPlicant
:Dr.M.P.Kashyap
Defendants
:Ex-parte
::qLLA& ::
2
oA.NO.804/2023
application till the date of realization along with costs and in default for sale of hypothecated vehicle.
passed through merits. perused the material placed on record.
Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendants and OA hypothecated vehicle?
i) The Defendants are joinuy and severally liable to pay to the Applicant Eank ffi,"a sum of
oA.NO.804/2023
Rs.21,83,269.73ps with futureinterest @12.05o/op.a. simple from the date of application till the date ofrealization;
ii) the OA claim is secured bYwaY of hypothecation of vehicle described inthe schedule annexed to the OA andthe applicant bank is entitled toproceed against the same to realise its debt;
iv) the applicant bankis entitledfor the costs.
B. The Applicant Bank is directed tofile Cost Memo within2 weeks from the date of receipt ofthis Order.
q Issue Recovery Certificate accordingly.
.)s}9 6-.!) 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 the hypothecated vehicle?
HDFC Bank Ltd.
Dharavath Surthi
Dharavath Venkatesh
Sh. M. Eswar Kotha
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
