Allowed

M/S Yes Bank Limited v. Ms. Neha Sunil Sharma

DRT17 Jun 2025OA/5/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application filed by YES Bank Limited to recover a sum of Rs.22,80,238.29 with interest and costs against Ms. Neha Sunil Sharma, holding the defendant liable and securing the claim via hypothecation of a vehicle.

What did the court decide?

Defendant to pay Rs.22,80,238.29 with interest; OA claim secured by hypothecation of vehicle; authority to realize dues from defendant's person and properties; costs awarded.

M/S Yes Bank Limited versus Ms. Neha Sunil Sharma — Contract and Commercial Disputes | DRT (2025)

¶1

iN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 17th DAY OF JUNE, 2025

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PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (Hons. ), M.A. PRESIDING OFFICER

¶3

ORIGiNAL APPLICATION No: 05 OF 2025

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lvlls.YES Bank Limited., Office at 1-8-387, 2ND Floor, Agravanshi^plaza, HUDA Lane, S.P.Road, Secunderabad - 50OOO3. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Ms. Neha Sunil Sharma, D/0. Mr.Sunil Venkatesh Sharma, H.No.1-98/9/13, F. No.9 G1, Swarna Complex, Ayyappa Society, f4adhapur, Hyderabad - 500081.

¶8

Also at:lvlr. Neha Sunil Sharma, D/o. Mr.Sunil Venkatesh Sharma, Villa No.65, Dream Valley, Tanasha Nagar, Ma nikonda, Jaipur, Hydera bad - 500089.

¶9

Also at:Ms. Neha Sunil Sharma, Glorious House Keeping Services, 7-98/8/43, Vittal Rao Naga r, lvladhapur, Hyderabad - 500081.

¶10

Permanent Address:lv'lr. Neha Sunil Sharma, D/o. Mr.Sunil Venkatesh Sharma, C-505, New Usha Nagar, SOC Villaqe Road, Bhandup West, Mumbai, Ivlaharashtra - 400078.

...Defendant .(,'"

oA.NO.05/2025

Counsel^{for the APPlicant}

Defendant

: M/s.N.^B.Sudarshan

: Ex-Parte

:: ORDER^::

The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs.22,80,238'29psfrom the defendantwith future} interest @18o/o^{p.a. from the date of applicationtilt the date of} realization^{along with costs and in default for sale of} hypothecated^vehicle.

¶20

Summon sent^{to sote defendantreturnedwith endorsement} unclaimed^{hence, deemed to be served and was set ex-parteon} 0f .04,2025^{as called absentand no representation}

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The Applicant^{Bank examinedSai Pavan Gudivada'Legal} Manager,^{as AW-1and marked08 documentsthrough himas} Ex.A.1 to^Ex.A.08'

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Ld. Counsel^{for the Applicant Bankstated orders may be passed} on merits.^{Perused the materialplacedon record'}

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The^point that^{arises for considerationis:-}

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Whether the^{Applicant Bank is entitled} for the claim^{made in the OA against} the Defendant and^{OA hY7othecated} vehicle?

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As stated^{supra, the Defendant remainedex-parte' The} Evidence Affidavit^{coupledwith the recitalsin the documents} viz., Exs.A.1 to^{A.O8 marked on behalf of the ApplicantBank} clinches the^{claimof the ApplicantBank} 4€ainst^{the Defendant'} effi,*

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oA.NO.05/202s

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Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶29

In the result, the present Original Application No.05/2025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.22,80,238.29ps with future interest @12.03o/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 hypothecation of vehicle 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 entiued 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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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 L7'h Day of June, 2025).

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.. '\irrrn -, ., , t 6 ' tr'LY^-' (RAMESHWAR KOTHE) PRESIDING OFFICER

M/S Yes Bank Limited v. Ms. Neha Sunil Sharma

Case brief

What is this about?

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M/S Yes Bank Limited v. Ms. Neha Sunil Sharma

Case brief

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What did the court decide?

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