The Debts Recovery Tribunal-II allowed an original application citing an overdraft loan, GECL facilities, and a recovery certificate with interest from the date of application.
William-defendants to pay a total sum of Rs.22,89,865.52 with interest at 9.90% p.a., costs and issue recovery certificate. Proceed against security and property of defendants.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 26TH DAY OF NOVEMBER, 2025
PRESENT: SH. RAMESHWAR KoTHE/ B.Com., L.LB. (HonS,), IY.A. PRESIDING OFFICER
ORIGINAL APPLICATIoN No : 188 0F 2025
Canara Bank., Ivl. R. Palli - 2 Branch Tirupathi, Andhra Pradesh. Rep. by its Authorized Signatory.
.... .Applica nt.
Versus
... Defendants
Counsel for the Applicant : tvlr. T. Naqender
Defendants
: Ex-pa rte
:: ORDER ::
oA.NO.188/202s
GECL-2 Loan with future interest @11.25olop.a. fromthe defendantsjointly and severallycompoundedwith monthly from 01.01.2025 till the date ofrealization along with costsand in default for sale of hypothecated assets.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and oA hypothecated assets?
oA.NO.188/2025
3
i) The Defendants are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.22,89,865.52ps i.e., a sum of Rs.2L,43,492.41ps towards Overdraft Loan, a sum of Rs.31,404.58ps towards GECL-1 Facility and a sum of Rs.1,15,968.53ps towards GECL-2 Loan; with future interest @9.90%p.a. simple from the date of application till the date of realization;
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 toproceed against the same to realise its debt;
Ow*o
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
Canara Bank
Sree Camphor Works
Panchagamar Sreevalli
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
