Yes Bank v. Chirag Lohia
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's original application for recovery of dues. Finding defendants legally represented their absence, the Tribunal enforced joint and several liability for principal, interest, and costs.
What did the court decide?
Order allows OA; defendants jointly and severally liable to pay sum of Rs.40,59,348/- with future interest and costs; recovery certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDEMBAD DATED THIS THE 28TH DAY OF APRIL, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), 1.4.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 814 OF 2025
M/s. Yes Bank Ltd., 2nd Floor, H.No.1-8-387, Agravanshi Plaza HUDA Lane, S P Road, Secunderabad-soooo3. Rep. by its Authorized Signatory.
.....Applicant.
Versus
- Mr. Chirag Lohia, S/o. l4r. Pavan Lohla 4-2-98/2/1, Ground Floor, Circle 28 Badichowdi, Hydera bad - 500095.
Perma nent Address:Mr. Chirag Lohia H.No.19-5-9/19, Houslng Bord Colony Opp. Police Station, Bahadurpu ra Hyderabad - 500064.
- Mrs. Indu Lohia, W/o. Mr. Praveen Lohia H.No.19-5-9/19, Housing Board Colony Hydera bad - 500064. ...Defendants
: Mr. N. B. Sudarshan Counsel for the Applicant Defendants : Ex- parteEx- parteparte
: Ex- parteEx- parteparte
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and OA schedule property?
Parties & counsel
- applicant
M/s. Yes Bank Ltd.
Coram
Rameshwar Kothe
Case details
As recorded by the court registry
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