The Debts Recovery Tribunal allowed an original application filed by Bank of Baroda for recovery of a loan amount of Rs. 85,49,036.98 plus interest and costs from the defendant who remained absent in court.
Defendant directed to pay Rs. 85,49,036.98 plus interest and costs; Bank entitled to proceed against hypothecated assets and defendant's properties.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE 26TtI DAY OF DECEMBER, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No : 882 0F 2025
BANK OF BARODA, KURNOOLNRPETABRANCH, REP. BY lTS BRANCH MANAGER
.....Applica nt.
Versus
Avula Ayyaswamy, S/o. Avula Narayana Aged about 43years, Occ: business R/o.H.No.3-58a 1 2, Vardulu, Uppalapadu Kurnool, Andhra Pradesh-518002.
... Defendant
Counsel for the Applicant : Mr. G. Venkat Sri Maithreya
Defendant
: Ex-parte
:: (LLLL& ::
18.12.2025 as called absent and no reoresentation. , ,/)ru-t/
oa.No.882/2025
The point that arjses for consideration ls:-
Whether the Appticant Bank is enti ed for the claim made in the OA against the Defendant and OA hypothecated assets?
- In the resutt, the present Original Apptication No.882/2025 is allowed as under: -
i) The Defendant is liable to pay to the Appticant Bank a sum Rs. 85,49,036.98ps i.e., a sum of Rs.43,g9,266.55ps towards Loan A/c. No.24210600005529 and a sum of Rs.4t,59,770.43ps towards Loan A/c. No. 24210600005528; with future interest @10.70olo p.a. simple from the date of application ti the date of reatizationiltV.-
oA.NO.882/202s
/, / l,lwr'r..^.';"- Z/ ,t.+/\ /'.\t*-\ (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled for the claim made in the OA against the defendant and the OA hypothecated assets?
Bank of Baroda, Kurnool Narasamipuram Branch
Rameshwar Kotha
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
