The Tribunal allowed the Transfer Application. It held defendants jointly and severally liable to repay Rs. 20,03,805/- to the bank with interest, securing the claim against mortgaged property and granting a recovery certificate.
Defendants liable to pay Rs. 20,03,805/- with interest; claim secured by mortgage; Recovery Certificate issued.
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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 17th DAY OF ]ANUARY, 2025
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
TRANSFER APPLICATION No: 2 OF 2024
Pu nja b National Bank., Ivla habu bnaga r Bra nch, Accou nt Presently Parked with Circle SASTRA Centre, Hyderabad Regency Plaza, Maitri Vihar Area, Plot No.03, Gayathri Nagar, Ameerpet, Hyderabad - 500038. Rep. by its Senior lvlanager.
.....Appllcant.
Versus
... Defendants
: M/s.lvluralidhar Patnaik.K.V Counsel for the Applicant
Defendants
: Ex-parte
:: qLLEB ::
TA.NO.02/2024
2
jointly and severally with future interest @10.80o/o p.a. from the date of application tlll the date ofrealization alongwith costs and in default for sale ofTA scheduleproperty.
Whether the Applicant Bank is entitled for the claim made in the TA against the Defendants and TA schedule property?
TA.NO.o2l2024
k(**
PRESIDING OFFICER
2 issues framed by the court
Whether the applicant bank is entitled for the claim made in the Transfer Application against the defendants?
Whether the defendants are jointly and severally liable to pay the amount claimed with interest?
Punjab National Bank, Hyderabad Branch
Vijaya Lakshmi Da Lava
Sreenivasulu Davai
MMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
