In Debt Recovery Tribunal proceedings, the court ex-parte allowed an application for recovery of a loan amount and hypothecated vehicle dues, finding the defaulting borrowers jointly liable.
Recovered sum of Rs.47,14,247/- with future interest at 11% p.a.; secured hypothecated vehicle; issued recovery certificate.
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 HYDEMBAD
DATED THIS THE 1OTH DAY OF JULY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 681 OF 2025
The Axis Bank Ltd., Having it Office at 5-4-183/184, 3'd Floor R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
... ..Applicant.
Versus
... Defendants
Counsel for the Applicant : Mr. M. Srinivas Reddy
Defendants : Ex-pa rte
:: (LB-LE& ::
oA.NO.681/202S
2
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated vehicle?
i) The Defendants arejointly and severally liable to pay to the Applicant Bank a sum of Rs.47,14,247 / - with future interest @ 1 1.0 1olo p.a. simple from the da!A,,pf application till the date of realiz ation; ffii^l>\
oA.NO.681/2025
3
(RAl'tESHWAR flry.,*KOTHE) PRESIDING OFFICER
Axis Bank Ltd.
Nandipati Yadamma
Nandipati Ram Prasad
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
