Drives Recovery Tribunal allowed Axis Bank Ltd.'s OA for recovery of Rs.20,72,789.74 with future interest and costs against ex-parte respondents holding evidence as sufficient to establish joint and several liability.
Directing Defendants to pay Rs.20,72,789.74 with future interest @11.50% p.a. simple along with costs and issuing Recovery Certificate.
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 12TH DAY OF MARCH, 2026
PRESENT: SH. RAMESHWAR KOTHE, B,Com., L.LB.(HoNS.), M.A.
PRESIDING OFFICER
Original Application No: 1029 OF 2025
Axis Bank Ltd., 5-2-7831 184, Modi Square III Floor, R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
...Applicant
Versus
. ..... Defenda nts
Counsel for the Appllcant
: M/s. Lotus Law Associates
Defendants
:Ex-parte
:: [!-[f(
::
OA.No.1029/2025
Whether the Applicant Bank is entittedfor the claim made in the OA againstthe Defendants?
OA.No.1029/2025
ffi**
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
Axis Bank Ltd.
Siva Rama Krishna Traders.
Polu Kalpna
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
