DrTII allowed the banks claim for debt recovery of Rs.44,06,188.74 with future interest and costs against ex-parte defendants, confirming liability secured by hypothecated vehicle.
Defendants held jointly and severally liable to pay Rs.44,06,188.74 with future interest; Debts 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 O2ND DAY OF SEPTEMBER, 2025
PRESENT: SH. RAN,IESHWAR KOTHE, B.Com., L,LB. (Hons.), tvl.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 87 OF 2025
Kotak lvla hind ra Bank Ltd., Having its Branch Office at # 6-3-1t09/t/P/302, 3.d Ftoor lewel Pavani Towers, Rajbhavan Road Somajiguda, Hyderabad - 500082. Rep. by its Authorized Signatory.
.....Applicant.
Versus
. .. Defenda nts
Counsel for the Applicant : ty/s.M.Srinivas Reddy Defendants : Ex-parte
:: ORDER ::
oA.NO.87l202s
2
Whether theAppticant Bank is entitled for the ctaimmadein the OA against the Defendantsand OA hYpothecated vehicle?
The Defendants arejointly and severally i) lia b le to pay to theAPPlicantBank a total sum of Rs.44,06,188'74pswith future @-*9
oA.NO.87l202s
interest @9.8olop.a' simplefrom the date of application tillthe date of realization;
/#ui *ornt, 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 OA Hypothecated vehicle?
Kotak Mahindra Bank Ltd.
Lakshmi Gugulothu
Somla Gugulothu
Sh. Ranieshwarkothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
