The Tribunal allowed the bank's application for recovery of dues against jointly liable respondents appearing ex-parte, granting future interest and rights to enforce hypothecated assets.
Defendants jointly liable to pay Rs.21,29,372.92 with future interest @12.50% p.a.; Bank entitled to proceed against hypothecated assets and persons/properties of defendants.
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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDEMBAD
DATED THIS THE 3OTH DAY OF ]ULY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 192 OF 2026
The Axis Bank Ltd.,
Having it Office at 5-4-1831784,3td Floor R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
.... .Applica nt.
Versus
oa.No.192/2026
Counsel for the Appllcant
: Mr. lv'|, Srinivas Reddy
Defenda nts
:Ex-parte
:: Q-LLLL ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefs?
3 oA.NO.19212026
K"rr'\ ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
AXIS BANK LTD.
M/S. AYYAPPA BRICKS.
MR. B. PRASHANTH REDDY
MR. B. NARENDER REDDY
MR. KOTLA KARUNKAKAR REDDY
MR. D. SRIKANTH REDDY
RAMESHWAR KOTHE
As recorded by the court registry
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