Madhamshetty Hari Babu v. Union Bank of India
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IN THE DEBTS RECOVERYTRIBUNAL- I AT HYDERABAD
DATED THIS THE 1 3TH DAY OF APRIL, 2026
PRESENT: GUMMADI GOPICHAND, PRESIDING OFFICER
sA.No.244/2025
Sri. Madhamshetty Hari Babu, S/o. Sri M. Veereshalingam, Aged about 63years, Occ: Business, R/o.H.No. 11-25-35& 36, Flat no.404, ANR Vyshnavi Enclave, Vasavi Colony, Warangal District
Applicant
Versus
M/s. Union Bank ofIndia Asset Recovery Branch Represented by its AuthorizedOfficer 249 13, RT, First Floor,Main Road, Sanjeeva Reddy Nagar, Hyderabad-500038
Respondent
Mr. Hai Prasad Podila Ms. Sangeeta Jakual w 29.01.2026 &b * 19.04.2026 taeat\wyagfX 15.04.2026 (, "..l_ ORDERi Qh,r#i 1. TheApp SecuritizationApplication under section 17 of the SARFAESIAct, to declarethe action of the Respondentin refusing to returnsale considerationof Rs.2,07 ,75,7OOI - with interest at the rate of 24o/oper annum from the date of the payment, to the Applicant as illegal, arbitraryand againstthe principles of natural justice and to direct the RespondentBank to refundthe said saleconsiderationwith interest and to furtherdirect the Respondentto pay damages of Rs' 1'00 crore and incidentalcharges ofRs.20,00,000/- and costs of Rs.2,00,00O/-.
Parties & counsel
- applicant
Sri. Madhamshetty Hari Babu
- respondent
M/s. Union Bank of India
Coram
GUMMADI GOPICHAND
Case details
As recorded by the court registry
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