The Axis Bank Ltd. v. Bunga Sathish
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application seeking recovery of Rs. 34,09,388/- from defendants for a secured loan default, including interest and costs.
What did the court decide?
Direct payment of principal sum with interest; right to enforce hypothecation and proceed against persons and properties; issuance of Recovery Certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE OsTH DAY OF AUGUST, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 720 OF 2025
The Axis Bank Ltd.,
Having it Omce at 5-4-183/184, 3'd Floor R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
.....Applicant.
Versus
- Bunga Sathish, S/o. B Bixapathi Aged about 38 Years, Occ: Business R/o. H.No. 59 t 36 Z, Tharalapalli Warangal - 506003.
- Bunga Swapna, D/o. Gopal Dhara Aged about 37 Years, Occ: Business R/o. H.No. 59 1 36 2, Tharalapalli Warangal - 506003.
...Defendants
Counsel for the Applicant
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed amount from the Defendants along with future interest and costs on default for sale of hypothecated vehicle?
Parties & counsel
- applicant
AXIS BANK LTD.
- respondent
BUNGA SATHISH
- respondent
BUNGA SWAPNA
Coram
Case details
As recorded by the court registry
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