The Debts Recovery Tribunal allowed the Original Application filed by Kotak Mahindra Bank Ltd. for recovery of dues along with interest and costs from the absent defendants, relying on the evidence affidavit and documents. A Recovery Certificate was issued.
Defendants to pay Rs.22,96,787.07 plus 16.23% p.a. interest; Recovery Certificate issued; Costs awarded.
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 24TH DAY OF MARCH, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 1060 OF 2025
Kotak Mahindra Bank Ltd., Having its Branch Office at 6-3-1109lUP|3OT 3'd Floor, Jewel Pavani Towers, Rajbhavan Road, Somajiguda, Hyderabad - 500082. Rep. by its Authorized Signatory.
.....Applicant.
Versus
... Defendants
Counsel for the Applicant
: Mr. M. Srinivas Reddy
Defendants
: Ex-parte
:: ORDER ::
oA.NO.1060/202s
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated asset?
i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.22,96,787.07ps *,.n ),,.p9.:\ interest '1'1r'!r '
oA.NO.1050/2025
@16.23o/op.a. simple from the date of application till the date ofrealization;
iv) the applicant bank is entitledfor the costs.
B. The Applicant Bank is directed tofile Cost Memo within2 weeks from the date of receipt ofthis Order.
l\A
(RAMESHWAR KOTHE) PRESIDING OFFiCER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim against the Defendants?
1 provisions across 1 enactments
Kotak Mahindra Bank Ltd.
Mr. S Narayana
Mrs. S Ashirvadamma
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
