Allowed

Yes Bank v. Daravath Kamli

DRT25 Aug 2025OA/102/2025

Case brief

AI extract

What is this about?

In an original application regarding debt recovery, the Tribunal allowed the bank’s claim of over Rs.24 lakh against defaulting borrowers based on undisputed documentary evidence. The order directed payment with interest and enforcement against hypothecated assets.

What did the court decide?

Defendants ordered to pay Rs.24,70,066.75 with future interest; application secured by hypothecated assets; Recovery Certificate issued.

Yes Bank versus Daravath Kamli — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 25TH DAY OF AUGUST, 2025

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PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB.^{(Hons.), M.A.}

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 102 OF 2025

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M/s. YES Bank Ltd., 2nd Floor, H.No.1-8-387 Agravanshi Plaza, HUDA Lane S.P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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,....Applicant.

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Versus

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M/s. Daravath Kamli W/o. Mr.Daravath Narasimha H.No.5-143-18, Rekula Thanda Rajula Kothapalle, Warangal Telangana - 506368.

¶10

Mr. Dharavath Venkanna

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S/o. Mr.Dharavath Narasimha H.No.5-143-18, Rekula Thanda Rajula Kothapalle, Warangal Telangana - 506368.

¶12

...Defendants

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: M/s.N.B.Sudarshan Counsel for the Applicant

Defendants

: Ex-parte

:: ORDER::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,70,066.75ps from the defendants jointly and severally with future interest @18o/o p.a. compounded with monthly rests from 13.09.2024 till the date of realization along with costs and in defautt for sate of hypotheca ted asses/ru{g

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oA.NO.102/202s

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Summons served on D1 and 2. They were set ex-parte on LL.06.2025 as called absent and no representation.

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The Applicant Bank examined Sai Pavan Gudivada, Legal Manager, as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. A.07.

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Heard the Ld. Counsel for the Applicant Bank. Perused the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefsT

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.07 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally 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.102/2025 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.24,70,066.75ps with future interest @12.14o/o p.a. simple from the date of application tiil the dare or reatrzationgf$tg

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oA.NO.102l2025

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

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

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iv) the applicant bank is entitled 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. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 25th Day of August' 2025)

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-,{vn^," a.rq!? ' | '- ,.c''tl^{</sup> (RAMESHWAR KOTHE) PRESIDING OFFICER}

Yes Bank v. Daravath Kamli

Case brief

What is this about?

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Yes Bank v. Daravath Kamli

Case brief

What is this about?

What did the court decide?

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