Allowed

M/S. Yes Bank Limited v. M/S. Pranav Sai Agencies

DRT12 Sept 2025OA/145/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery against joint defendants. Based on unchallenged evidence, the defendants were held jointly and severally liable to pay the principal sum, interest, and costs from mortgage and other properties.

What did the court decide?

Defendants liable to pay Rs. 24,63,982.48 with 10.50% p.a. simple interest, interest on mortgage, and costs.

M/S. Yes Bank Limited versus M/S. Pranav Sai Agencies — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD

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DATED THIS THE 12IH DAY OF SEPTEMBER, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 145 OF 2024

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M/s.YES Bank Limited., OfFice at l-B-387, 3'd Floor 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. Pranav Sai Agencies., Rep by its Proprietor Mr. Ch. Gopala Murthy, Office at B-1-273/B/4/1, Opp Oasis School, Dwaraka Nagar, Shaikpet, Hyderabad - 500008.

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Also at:-

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M/s. Pranav Sai Agencies., H.No.B- 1-402 / A/23 &. 24, Seven Tombs Road, Shaikpet, Hyderabad-500008.

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Also at:-

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M/s. Pranav Sai Agencies., Flat No.101, First Floor, H.No.5-101/A & 5-101/8, Plot Nos.2/A & 2/8,

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Survey No.109, Raidurg Nav Khalsa Villa, Serilingampally, Hyderabad - 500008.

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Mr. Ch.Gopala Murthy, S/o.Ch.S.Naidu, Aged about 50 Years, Occ: Prop of M/s. Pranav Sai Agencies, R/o. H. No. 12-2-823/5, Flat No.203, Surya Residency, Santhosh Nagar, Mehidipatnam, Hyderabad - 500028.

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flr*,,,-16.f,^{... Defendants} t_1, t'

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oA.NO.745(ZOZ4

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Counsel for the Applicant

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: M/s.M.Srinivas Reddy

Defe nda nts

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,63,982.48ps from the defendants jointly and severally with future interest @1Bo/o p.a. compounded with monthly rests from 02.07.2024 till the date of realization along with costs and in default for sale of OA schedule properties.

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Summons sent to D 1 and 2 return with endorsement unclaimed & refused hence, deemed to be served. They were set ex-parte on 08.09.2025 as called absent and no representation.

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The Applicant Bank examined K.Sai Pavan. Gudivada, Legal Manager, as AW-1 and marked 16 documents through him as Ex. A.1 to Ex. A,16.

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Ld. Counsel for the Applicant Bank reported orders may be passed through merits. 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 schedule properties?

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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.16 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 severallv liable 2Y'"*

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oA.NO.14sl2024

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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.L45/2024 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.24,63,982.48ps with future interest @10.50o/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 mortgage of properties 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 12th Day of September, 2025).

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rdw"**

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lnAr(esHwnR^KorHE) PRESIDING OFFICER

M/S. Yes Bank Limited v. M/S. Pranav Sai Agencies

Case brief

What is this about?

What did the court decide?

M/S. Yes Bank Limited v. M/S. Pranav Sai Agencies

Case brief

What is this about?

What did the court decide?

What the court decided

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