Bank of Baroda v. Laxmi
Case brief
What is this about?
In an ex-parte order, the Debts Recovery Tribunal allowed the Bank of Baroda's original application for recovery of a term loan of approximately Rs. 39.94 lakps from two defendants, along with interest and costs. The court dismissed the claim as secured by a hypothecated vehicle.
What did the court decide?
Defendants ordered to pay Rs. 39,94,935.48p.s. with interest; OA claim secured by hypothecated vehicle; Recovery Certificate issued.
What the court decided
_ -,.-..,.,-t,.-.
IN THE DEBTS RECOVERY TNIAUruNI TI AT HYDERABA; DATED THIS THE 2BTH DAY OF ]ANUARY, 2026 PRESENT: SH. RAMESH}jTIQIHF,B.com., , L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 514 OF 2025 Bank of Baroda.. Punjagutta Branch, Hyderabad. Kep. by its Authorized signatory.
.....Applicant.
, Y::o:.gu Laxmi, -,".-r:::: Ram Babu, Aged about Major Occ: Business, R/o.2_110, tiimayath Sagar, Jani Begum, Rajendra N;'S;; Hyderabad - 500086.
- Mr. Darga Ram Babu, S/o. Darga Shanker, Aged about Major Occ: Business, R/o.2_110, Himayath Iuqut ,run'Begum, RajendraN;'g;; Hyderabad - 5000g6.
. . . Defendants
Counsel for the Applicant Mr.TSSKrishna Defendants Ex-parte
:: oRDER ::
The Applicant Bank filed the present OA for the recovery a total sum of Rs.39,94,935.49ps towards Term Loan A/c.No.32170600001766 from the defendants jointly and severally with future interest @13.25olo p.a. from the date of application till the date of rearization along with costs and in defau'lt for sale of hypothecated vehktyfu^.y
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and the hypothecated vehicle?
Parties & counsel
- applicant
Bank of Baroda, Punjagutta Branch, Hyderabad
Coram
RAMESH TIQIHF
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court