Allowed

Canara Bank v. Mr. Sayyed Kausar Basha

DRT4 Nov 2025OA/213/2025

Case brief

AI extract

What is this about?

In an ex-parte disposal of an Original Application for recovery of a housing loan sum of Rs. 1,50,17,959/- plus interest, the Presiding Officer held the defendant liable and allowed the claim, directing issuance of a Recovery Certificate and permitting proceedings against mortgaged and other properties.

What did the court decide?

The defendant is ordered to pay Rs. 1,50,17,959/- with future interest. Recovery Certificate is issued. Bank can proceed against mortgaged and other properties of the defendant.

Canara Bank versus Mr. Sayyed Kausar Basha — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE O4TH DAY OF NOVEMBER, 2025 PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 213 OF 2025

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Canara Bank., Vengal Rao Nagar Branch S R Nagar, Hyderabad. Rep. by its Branch Manager.

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.....Applicant.

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Versus

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Mr. Sayyed Kausar Basha, S/o. ty. tvlaqbool Basha, Aged about 45 years Occ: Private Service, Male, R/o.Flat No.3O3 Amrutha Residency, Brahmanwadi 4th Line, Begumpet, Hyderabad - 500016.

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Also at:-

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R/o. Flat No.401, 4th Floor D. No.1- 10-231/B/1/401, Agrasen pride Begumpet, Hyderabad - 500016.

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...Defendant

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Counsel for the Applica nt

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Ms. Tarangini Pisipati

Defendant

Ex- pa rte

:: ORDER ::

The Applicant Bank flled the present OA for the recovery a total sum of Rs.1,50,77,959/- as on 03.03.2025 towards Housing Loan A/c. No.160000504195 from the defendant with future interest @11.20olo p.a. with monthly rests from 03.03.2025 till the date of realization along with costs and in default for sale of oA schedule property. ' 7 /4V.. t''*.--''

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oA.NO.213/202s

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summon^{served on sole defendant throughpaperpublication} and was set^{ex-parte on 04'09'2025 as called absent and no} representation.

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The Applicant^{Bankexamined K' Padmaja,Manager' as AW-1} and marked^{11 documentsthrough her as Ex'A'1to Ex'A'11'}

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Heard the Ld,^{Counselfor 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^{madein the OA against} the Defendant and^{OA schedule} ProPertY?

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As stated supra,^{the Defendant remainedex-parte' The} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs.A.l to A.11^{marked on behalf of the ApplicantBank} clinchestheclaimoftheApplicantBankagainsttheDefendant. Hence, I hold that the^{Defendantis liable to pay the OA claim to} the Applicant^{Bank with futureinterestand costs'}

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In the result, the^{present Original Application No'213/2025is} allowed as under:^-

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i) The Defendant is liable to^pay to^the Applicant Bank a sum of^{Rs.1,50,17,959/-} towards Housing Loan A/c.No.160000504195 with future interest @6.700lo^{p.a. simple from} the date of application till the date^of realization; frW

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oA'No'213/2025

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the^{OA claimis secured by way of moftgage} ii) described^{inthe schedure} ; ;;;;* "ann;xe; to the^{oA and the aPplicant bank is} ""o,t"O^{a" proceedagainst the same to} realise^{its debu}

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

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iv) the^{applicant bankis entitled for the costs'}

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The Applicant^{Bank is directed to file Cost Memo within2 weeks} from the date^{of receiptof this Order'}

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Issue Recovery^{Certiflcate accordingly.}

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Communicate a^{copy of this order to the parties concerned.} (Dictated to the steno, corrected, siEned and^{pronounced by me in the open court on} this the O4ih^Day of^{November, 2025).}

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).KP HWAR KOTHE) PRESIDING OFFICER

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Canara Bank v. Mr. Sayyed Kausar Basha

Case brief

What is this about?

What did the court decide?

Canara Bank v. Mr. Sayyed Kausar Basha

Case brief

What is this about?

What did the court decide?

What the court decided

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