Hdfc Bank v. Avvuru Designs
Case brief
What is this about?
Debts Recovery Tribunal allowed an application filed by HDFC Bank for recovery of a debt sum of Rs.78,06,491.35 with interest against respondents appearing ex-parte.
What did the court decide?
Defendants directed to pay Rs.78,06,491.35 with interest @ 10.75% p.a. and costs; Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-IIAT HYDERABAD
DATED THIS THE 28TH DAY OF JULY,2026
PRESENT: SH. RAMESHWARKOTHE,B.Com., L.LB. (Hons.), l'4.A. PRESIDING OFFICER
ORIGINAL APPLICATION No:16 OF 2023
HDFC BANK Ltd., Having its office at #1-10-60/3 3'd Floor, SuryodayaComplex Opp. Shoppers StoP Begumpet, Hyderabad- 500016. nep. Oy lts Authorized Signatory.
.....Applicant'
Versus
- Avvaru Desig ns., Rep by its Proprietor,H No.8-3-315/31 Ground Floor, MaruthiNagar, Yalareddy Guda, Hyderabad, Telangana-500016.
- Swathi Avvaru,D/o. Hanumantha Rao Gunti, Age 38Years, Occ: Business R/o. 98/2RT, SR Nagar, Hyderabad Tela nga na - 500038.
- RavlchandraAvvaru,S/o.14usalaiah Avvaru, Age44 Years, Occ: Business R/o. 98/2RT, S RNagar, Hyderabad Telangana - 500038.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the recovery claim against the defendants regarding the OA schedule property?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Avvaru Designs.
- respondent
Swathi Avvaru
- respondent
Ravichandra Avvaru
- respondent
Adilakshmi Avvaru
Case details
As recorded by the court registry
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