Debts Recovery Tribunal allowed Axis Bank Ltd.'s original application for recovery of Rs. 24,86,983.59 with future interest and costs against the defendant, who remained ex-parte.
Defendant liable to pay Rs. 24,86,983.59 with future interest; OA claim secured by hypothecated vehicle; permission to proceed against person and properties for realization.
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 15TH DAY OF JULY, 2026
PRESENT: 5H. RAMESHWAR KOTHE, B.Com., L.LB. (HonS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 682 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
Mr. lYasineni Bhargav, S/o. Narayanappa Aged about 36 Years, Occ: Business R/o. Flat No.301, 3'd Floor, Vertex Vijucic Bloomindale Road, Nizampet, Hyd e ra bad- 50 009 0.
Also at:-
Clo. H.No.2-77, OC Colony Chin namusturu, Ananthapu r District-515812.
Also at:-
C/o. ADP Private Ltd.,
Sy. No. 88, Aa & 88 E Nanakramguda ...Defendant Serilinga mpally, Hyderabad - 500008.
Counsel for the Applicant : Mr. M. Srinivas Reddy Defendant : Ex-Pa rte
:: ORDER ::
2
oA.NO.582/2025
Whether the Appticant Bank is enti ed for the claim made in the OA against the Defendant and OA hypothecated vehicle?
oA.NO.682/2025
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated vehicle since the Defendant remained ex-parte?
AXIS BANK LTD.
MR. IYASINENI BHARGAV
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
