Allowed

M/S. Hdfc Bank Ltd. v. Routhu Ravindhar

DRT19 Jun 2026OA/852/2025

Case brief

AI extract

What is this about?

In an ex-parte disposal, the tribunal examined the bank's documents and notes. It held that the respondents were liable to pay the claimed sum along with future interest and costs. Consequently, the Original Application was allowed, making the respondents jointly and severally liable, confirming the debtor's security, and permitting the bank to realize dues against the person and properties of the respondents. A Recovery Certificate was issued.

What did the court decide?

The respondents are jointly and severally liable to pay Rs. 44,48,657.27 with future interest @ 7.45% p.a. The claim is secured by hypothecated vehicles. The bank is entitled to proceed against vehicles, other properties, and person of defendants for realization. A Recovery Certificate is issued.

M/S. Hdfc Bank Ltd. versus Routhu Ravindhar — Banking and Recovery | DRT (2026)

¶1

''ORIGIITAL"

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 19TH DAY OF JUNE, 2026

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PRESENT: SH. MMESHWAR Ko pnesror^rJX?r?L:ceofl^{L'LB (Hons'),M.A.}

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ORIGTNAL APPLICATTON No: 852 OF 2O2S

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M/S. HDFC BANK LTD. - 1-10-60/3,3rd floor, ia :urlodgya^{Comptex, Begumpet,} Hyoera bad - 500016 Rep: By Its Authorized Signatory

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. .... .Apptica nt

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Versus

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1 TgUTI-U RAVTNDHAR, S/o. Kanakaiah Age: 56 years, Occ: Business H.NO:5-4211

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:llIA1![?A,^SULTHANABAD, NEAR: INDIAN SCHooL, KARIMNAGAR - 505185

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r( \u

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RAUTHU ]AYASUDHA W/O. ROUTHU RAVINDHAR Age: 47^years, Occ: Business H.NO:5-42/7 PATHAJENDA, SULTHANABAD NEAR: INDIAN SCHOOL-^{- -'} KARIMNAGAR - 505185

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... Defendants

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Cou nsel for the Applica nt : Dr. M.P. Kashyap Counsel for the Defendants : Ex-parte OK*

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oA.NO.852/2025

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:: ORDER^::

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The^{Applicant Bank filed the present OA for the recovery € total} sum^{of Rs 44} '4A '657^{'27 ps from defendants1 & 2 jointly and} severally^{with future interest @ 18o/o p'a with monthlvrests} from^{the date of application till the date of realizationalong} wlth^{costsand' in default'saleof OA hypothecated vehicles'}

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Summon^{servedon Defendants 1 & 2 throughpaper publication} and^{were set exparteon 10 04'2026 as called absent and no} rePresentation'

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The as^{AW-1 Applicant Bank examined and marked 6 documents Ms Adithya through AS' them Legal as Manager'Ex A lto} ExA6

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4.LearnedcounselfortheApplicantreportednooralarquments but^{filed written ar9'mentsPerusedthe writtenarguments} filed^{by the applicant and also perused the materialplaced on} record'

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5' The^{point that arises for considerationis: -}

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Whether^{the Applicant Bank is'entitled'}

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for the^{claim made in the OA} :Si:i:: the^{Detendantsand OA hypothecateo}

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vehicles?

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6.^{As stated supra'the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwith the recitalsin the documents} viz',^{Exs A lto A'6 markedon behalf of the APplicantBank} .,/fffirfffendants'

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crinches^{the craim of the Applicant} '*-

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oA.NO.8s2l202s

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Hence, I hold that the Defendants are liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.85212025 is allowed as under: -

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i) The Defendants 1 & 2 are joinuy and severally liable to pay to the Applitant Bank a sLlm Rs. 44,48,657.27 ps with future interest @ 7.45o/o p.a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of hypothecation of vehicles as described in the schedule annexed to the OA and the applicant bank is entitled to proceed againsi the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properiies of defendants for realizaUon of its dues;

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iv) the applicant bank is entifled for the costs.

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B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned.

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/OW** (RAFTESHWAR KOTHE) PRESIDING OFFICER

M/S. Hdfc Bank Ltd. v. Routhu Ravindhar

Case brief

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M/S. Hdfc Bank Ltd. v. Routhu Ravindhar

Case brief

What is this about?

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