The Tribunal allowed the original application filed by Axis Bank Ltd for recovery of a sum of Rs. 34,77,499/- from the defendants jointly and severally along with future interest and costs.
Defendants 1 & 2 jointly and severally liable to pay Rs. 34,77,499/- with future interest @ 16% p.a.; Applicant entitled to proceed against defendants' properties and costs.
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 APRIL, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com,, L.LB. (Hons.), M.A.
PRESIDING OFFICER
Origina! Application No: 248 OF 2025
AXIS BANK LTD 5-2-lB3/ 184, Modi Square III Floor, R.P. Road,
Secunderabad 500003 Represented by its Authorised Signatory
...Applicant
Versus
REP BY PROPRIETOR Mr. Ch. SRINIVAS
PLOT NO. 4 SHAKTHI NAGAR, KARMANGHAT SAROOR NAGAR, RANGAREDDY
HYDERABAD, TELANGANA INDIA 5OOO35
S/o IANARDHAN
Age: 59 Years, Occ: Business
PLOT NO.5, NEAR NATURE CURE HOSPITALS
HASTHINAPURAM, EAST PHASE 2
SAROOR NAGAR, RANGAREDDY HYDERABAD, TELANGANA - 500307 ....Defendants
Counsel for the Applicant : Lotus Law Associates Defendants : Exparte
:: ORDER ::
0A.No.248/2025
future interest @ 16% p.a. from the date of application till the date of realisation along with costs.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
OA.No.248/2025
(Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 24th day of April, 2026).
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
AXIS BANK LTD
1. KARTHIK ENTERPRISES
MR. CH.SRINIVAS
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
