The Application was allowed, holding the defendants jointly and severally liable to pay Rs. 80,81,592.30 with future interest and costs. A Recovery Certificate was issued.
Defendants jointly and severally liable to pay Rs. 80,81,592.30 with future interest; Recovery Certificate issued; Cost Memo to be filed by Applicant within 2 weeks.
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 OSTH DAY OF APRIL, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
Original Application No: 103 OF 2026
Axis Bank Ltd., 5-2-tB3/184, Modi Square, III Floor R P Road, Secunderabad-500003. Rep. by its Authorized Signatory
..Applicant
Versus
Apartment, Siddartha Nagar, Hyderabad-500018.
Also at:-
Golden Tulip Implex India Pvt Ltd., Rep by its Director, K Venu Gopal Raju Sy. No. 235, 236(54), Govindampally Village, Budavaripalli Mandal Kadapa District - 516105.
...... Defendants
Counsel for the Applicant : M/s. Lotus Law Associates Defendants : Ex-parte M"
OA.No.103/2026
:: ORDER ::
Whether the Applicant Bank is entitledfor the claim made in the OA againstthe Defendants?
flK.!',I"
OA.No.103/2026
Xurtfv, {ou ESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
Whether the defendants are liable to pay the OA claim with future interest and costs?
AXIS BANK LTD.
GOLDEN TULIP IMPLEX INDIA PVT LTD.
K VENU GOPAL RAJU
KUMARA SWAMY RAJU
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
