Debts Recovery Tribunal allowed the Axis Bank's original application for recovery of a debt of Rs. 24,60,950.50 from defendants appearing ex-parte, awarding interest and recovery certificate.
Application allowed; defendants to pay Rs. 24,60,950.50 with interest; bank entitled to proceed against hypothecated assets and defendant properties.
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 HYDEMBAD
DATED THIS THE 29TH DAY OF JULY, 2025
PRESENT: SH. RAMESHWAR KOTHE. B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 908 OF 2023
The Axis Bank Ltd., Having its Office at 5-4-183/184 3'' Floor, Rp Road, Secunderabad_5OOOO3. Rep. by its Authorized Signatory.
.... ,Applica nt.
Versus
...Defendants
Counsel for the Applicant : M/s.M.Srinivas Reddy
Defendants
: Ex-parte
:: oRDER ::
ffi^'P
oA.N0.908l2023
2
ii) the OA claim issecured bY way of hypothecation of assetsd-escribedin the ,,//try'*
t'..a
3
oA.NO.908/2023
schedule annexed to the OA and the applicant bank is entiued to proceed against the same to realise its debt;
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 entiUed for the costs.
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 OA hypothecated assets.
The Axis Bank Ltd.
M/s. ARKBakers.
Mr. MD younus
SH. RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
