This order on an Original Application allowed the bank's claim for recovery of a substantial sum against defaulting borrowers and guarantors. The court held defendants liable and directed issue of a recovery certificate.
Defendants jointly and severally liable to pay Rs.34,39,20,873/- with interest; Recovery Certificate issued.
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 29TH DAY OF ]ULY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 483 OF 2024
Indian Bank., Kukatpally Branch, Plot No.70, MIG Phase I Dharma Reddy Colony, Opp JNTU KPHB, Kukatpally, Hyderabad - 500072. Rep. by its Authorized Signatory.
.....Applicant.
Versus
oA.NO.483/2024
... Defendants
Counsel for the Applicant : 1.4r. V. Sethu Madhava Rao Defendants :Ex-parte
:Ex-parte
:: ORDER ::
oA.NO.483/2024
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule property?
4
oA.NO.483/2024
(RAttlESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the Original Application against the Defendants?
Indian Bank
M/s. Harshitha Polymers
Avula Sagar
A. Chinna Krishna
Aavula Shantamma
Aavula Lavanya
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
