This bank's original application under DRT was allowed. The court held defendants jointly liable to pay principal, interest, and costs, and directed issuance of a recovery certificate for hypothecated assets.
Defendants liable to pay Rs.39,19,436.50 with interest and costs; recovery certificate to be 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 1OTII DAY OF ]ULY, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 909 OF 2023
The Axis Bank Ltd., Having its Office at 5-4-183/184 3'd Floor, R.P Road, Secunderabad-500003. Rep. by its Authorized Signatory.
.... .Applicant.
Versus
. .. Defenda nts
Counsel for the Applicant : M/s.lvl.Srinivas Reddy Defendants : Ex- parteEx- parteparte
: Ex- parteEx- parteparte \r,1 ,c ''r'-
oA.NO.909/2023
2
:: Q-B-D-q&::
whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated as-sets2
oA.NO.909/2023
<sup>**^ , .,;r
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants involving hypothecated assets.
1 provisions across 1 enactments
Axis Bank Ltd.
M/s. Sri Balaji Enterprlses.
Shaik Mohammed Rafi
Kovvuru Ravi Kumar
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
