Hdfc Bank Ltd. v. Bussa Padmakar
Case brief
What is this about?
Debts Recovery Tribunal allowed HDFC Bank's OA No.580/2023 for recovery of approximately Rs.22.94 lakhs with interest from an ex-parte defendant, directing issuance of a Recovery Certificate.
What did the court decide?
Defendant to pay Rs.22,94,131.41 with future interest at 10.25% p.a. compounded monthly from application date; entitlement to proceed against defendant's properties for realization; costs awarded.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE 17TH DAY OF JULY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (HonS.), M.A. PRESIDING OFFICER
Original Application No: 580 OF 2023
HDFC Bank Ltd., H.No. 1-10-60/3, 3.d Floor, Suryodaya Complex, Opp Shoppers Stop Begumpet, Hyderabad - 500 016. Rep. by its Legal lvlanager.
....,Applicant
Versus
Bussa Padmakar, S/o. Bussa Nageswarao Age 27 Years, Occ: Salaried, 7-7-632/641I Bapu Nagar, Sr Nagar Near RJ Restaurant Hyderabad - 500038.
Also at:-
Bussa Padmakar, C/o. Infosys Limited Survey No.41 pt 50 pt Pocharam Village Singa pore Township Post, Ghatkesar lYandal, Malkajgiri, Hyderabad - 500088.
AIso at:-
Bussa Padmakar, 71632/51-, Bapu Nagar S R Nagar, Ameerpet Near Grand Lucky Restaurant, Hyderabad - 500038.
Issues for consideration
1 issue framed by the court
Whether the applicant Bank is entitled for the claim made in the Original Application against the Defendant?
Parties & counsel
- applicant
HDFC Bank Ltd.
- respondent
Bussa Padmakar
Coram
Rameshwar Koth
Case details
As recorded by the court registry
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