Allowed

Hdfc Bank Ltd. v. Sriramula Krishna Prasad

DRT6 Aug 2026OA/445/2026

Case brief

AI extract

What is this about?

This debtor recovery tribunal allowed an original application filed by HDFC Bank Ltd. for recovery of Rs. 27,35,568.99 with future interest and costs against the defendant, who remained ex-parte. The court held the marked evidence sufficient to clinch the claim and directed the issuance of a recovery certificate.

What did the court decide?

Defendant directed to pay Rs. 27,35,568.99 with future interest @10.25% p.a. from the date of application till realization plus costs; Recovery Certificate to be issued.

Hdfc Bank Ltd. versus Sriramula Krishna Prasad — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE O6TH DAY OF AUGUST, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.^(Hons.), M.A. PRESIDING OFFICER

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Original Application No: 445 OF 2026

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HDFC Bank Ltd., 1-10-60/3, 3'd Floor, Suryodaya Complex Opp Shoppers Stop, Begumpet, Hyderabad - 500 016. Rep. by its Authorised Signatory.

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.....Applicant

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Versus

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Sriramula Krishna Prasad, S/o. Sriramula Srihari, Age 56 Years, Occ: Pvt. Service R/o. 10384/B Satya Raghavendra colony Hyderabad, Telangana - 500047.

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Also at:-

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Sriram ula Krishna Prasad C/o. Tech lYa hind ra Limited., Gachibowli, Hitech City SEZ Tower² Hyderabad, Tela ngana - 500081.

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...... Defendant

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Counsel for the Applicant :^{M/s.LotusLaw Associates}

Defenda nts

: Ex-parte

:: CLLLE& ::

The Applicant Bank filed the^{present OA for the recovery of a sum of} Rs.27,35,568.99ps from the defendant^{with futureinterest} @10.25olo^{p.a. compoundedmonthlyrestsfrom 10'02.2026till the} date of realisation along with costs.

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Summon served on sole defendant through^{paper publication and} was set ex-parte on 03.08.2026^as ^called .absent^{and no} representation. /tW"

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oa.No.445/2025

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The Applicant Bank examined Adithya A S, Legal l4anager as AW-1 and marked 05 documents through her as Ex. A.1 to Ex. A.05.

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Heard the Ld. Counsel for the Applicant Bank and perused the material placed on recoTd.

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The^point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.05 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hotd that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.445/2026 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.27,35,568.99ps with future interest @10.25%^p.a. simple, from the date of application till the date of rea lization;

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ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for realization of its dues;

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iii) the applicant bank is entitled for the costs. llm--<.r\ ttu'

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OA.No.M5l2OZo

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B. The Applicant Bank is directed to file Cost^{Memowithin 2 weeks} from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order^{to the parties concerned.} (Dictated to the steno., transcribed by him, corrected, signed^{and pronouncedbyme in the} open court on this the 06th day of August,^2026).

¶33

PRESIDING OFFICER

Hdfc Bank Ltd. v. Sriramula Krishna Prasad

Case brief

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Hdfc Bank Ltd. v. Sriramula Krishna Prasad

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