AXIS FINANCE LIMITED vs K RAVI KISHAN REDDY

Judgment text excerpt

$~O-7 * IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 868/2025 Date of Decision: 18.09.2025 IN THE MATTER OF: AXIS FINANCE LIMITED .....Petitioner Through: Mr. Pragun Bagla and Mr. Shikhar Gupta, Advs. versus K RAVI KISHAN REDDY .....Respondent Through: None. CORAM: HON'BLE MR. JUSTICE PURUSHAINDRA KUMAR KAURAV JUDGEMENT PURUSHAINDRA KUMAR KAURAV, J. (ORAL) 1. Affidavit of service is extracted as under: ―I, Shikhar Gupta, S/o Sh. Mahesh Gupta, aged about 30 years, having office at 16, 2nd Floor, Wazirpur Industrial Area, Delhi - 1110052, do hereby solemnly affirm and declare as under: 1. That I am the Counsel for the Petitioner in the captioned matter and hence, I am competent to swear the present Affidavit. 2. That the Respondent were served on their email address i.e. [email protected] on 31.07.2025 through my email i.e. [email protected], the proof of the same has been enclosed. The said email was delivered and has not bounced or received back as undelivered. 3, That the Respondents were also served with the summons along with the copy of the petition by way of Speed post and the tracking reports of the same have been enclosed.‖ 2. The service is effected through e-mail as well as by Registered post. Signature Not Verified Signature Not Verified Signed By:AMIT KUMAR Signed SHARMA Signing Date:25.09.2025 By:PURUSHAINDRA 15:30:28 KUMAR KAURAV 3. Since no one appears for the respondent, the Court proceeds to decide the matter. 4. Facts of the case would indicate that an loan agreement dated 18.12.2023 for an amount of Rs.29,30,220/- was executed between the petitioner and the respondent . 5. As pet the case of the petitioner, the respondent defaulted in fulfillment of his repayment obligation. It is further stated that the petitioner owing to the responden