Debt Recovery Tribunal allowed Axis Bank's original application for recovery of Rs.47,99,332 along with interest, holding defendants jointly and severally liable and permitting sale of hypothecated vehicle.
Direct defendants to pay sum with interest; authorize sale of hypothecated vehicle; issue 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 TH E DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE OSTH DAY OF N4AY, 2026
PRESENT: SH, RAMESHWAR KoTHE, B.com., L.LB. (Hons,), M,A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 737 OF 2025
The Axis Bank Ltd., Having it Office at 5-4-183 /t94, 3d Ftoot R P Road, Secunderabad - 5OOOO3.
.....Applicant.
Versus
Occ: Business, R/o. H.No.5 15, Itikyal Mandal Vallur, Near Govt High School Maha bubnagar-509129.
... Defenda nts
Counsel for the Applicant : Mr. M. Srinivas Reddy
Defendants
: Ex-parte
:: ORDER ::
F'*
oA.NO.737 l2O2s
2
Whether the ApplicantBank is entitled for the claim made in theOA against the Defendantsand OA hYpothecated vehicle?
3
oA.NO.737l2025
ii) the OA claim is secured by way of hypothecation of vehicle described in the schedule annexed to the OA and the applicant bank is entiiled to proceed against the same to realise its debt;
iii) the applicant bank is also entifled to proceed against the person and properties of defendants for realization of its dues;
iv) the applicant bank is entitled for the costs.
B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
tW\ ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed amount from the defendants?
Axis Bank Ltd.
Mallepogu Sujatha
Mallepogu Sunkanna
SH, RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
