In an ex-parte recovery application, the Debts Recovery Tribunal held the defendant liable after noting the failure to file a written statement. The court allowed the application for the principal sum, interest, and costs.
The defendant is jointly and severally liable to pay Rs. 31,21,288.97 with future interest 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 9th DAY OF MARCH, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com. L.LB.(Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 409 OF 2025
IDFC FIRST BANK LIMITED (EARLIER M/S CAPITAL FIRST LIMITED) Door No. 6-3-354,2nd floor, S B TOWERS, Near Nagarjuna Circle, Banjara Hills Road No. 1, Hyderabad - 500034 Rep. by its Authorized Representative
.....Applicant.
Versus
PAYZIGO FINTECH PVT LTD REP BY ITS PYNDYA RAVIKANTH S/O BHASKARA RAO NAGUBANDI Aged about 41 years, Occ: Business H No: 8-3-949/tlLlB/118, Flat No. 118, Sanali Heavens Apartments, Kamma Sangham, Near Big Bazar, Hyderabad - 500073
... Defendant
Counsel for the Applicant : M/s. V. Santosh Counsel for the Defendant : Ex-parte
:: ORDER ::
N*
oA.NO.409l202s
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
i) The Sole Defendant is jointly and severally liable to pay to the Applicant Bank a sum Rs. 3L,2L,288.97 ps with future interest @18o/o p.a. simple from the dglg.of application till the date of reatization;7/5.>\
oA,NO.409/2025
(Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 9th Day of March, 2026).
,?r*" ESHWAR KOTHE) PRESiDiNG OFFICER
1 issue framed by the court
Whether the Applicant Bank was entitled to recover the claimed amount against the ex-parte Defendant?
IDFC First Bank Limited
Rameshwarm Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
