Allowed

Union Bank of India v. Mrs. Nathani Shiva Naga Jyothi

DRT25 Nov 2025OA/217/2025

Case brief

AI extract

What is this about?

DrTribunal allowed an application for recovery of a home loan default. The bank proved the NPA status and enforcement under the SARFAESI Act after the respondent appeared ex parte.

What did the court decide?

The applicant bank is directed to recover Rs.76.01 lakhs with future interest at 11.45% p.a. from the date of application till realization, including costs and recovery certificate proceeds.

Union Bank of India versus Mrs. Nathani Shiva Naga Jyothi — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 21th DAY OF NOVEMBER, 2025

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA. No.217 OF 2025

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Between :

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Union Bank of lndia, Sultan Bazar Branch, # Ground floor, Andhra Bank Building, Koti, Sultan Bazar, Hyderabad, Telangana - 500 095 Represented by its Branch Manager

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Applicant

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VERSUS

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Mrs. Nathani Shiva Naga Jyothi, Wo. Mr. Venkata Narayana,

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Age: 41 years Occ: Business, Female, R/o. D.No. 3-5-83/80, Flat No. 103, Narayanadri Towers, Vivekananda Nagar Colony, NearAnupama Hospital, Kukatpally, Medical- Malkajgiri, Telangana - 500 049

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Also At -

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Flat. No. 210, D.No. 0lN1 2nd Floor, Blooming Dale NizampetVillage,. BachupallyMandal,'.":' ,. * Medical- Malkajgiri, i",;"d - il6 ooo I^{liil: ,fr6}

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Defendant

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(oA. No. 2r7l2ozsl

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Counsel for the parties :

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For The Applicant D.S. Pavan Kumar For the Defendant Exparte Reserved on 20.11.2025 Pronounced on 21.11.2025 Upload in website on 25.11.2025

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ORDER

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The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.76,01,353 /-. (Rupees Seventy Six Lakhs One Thousand Three Hundred and Fifty Three Only) with future interest @ 11.45% p.a with monthly rests from the date of this application till the date of realization and in default for sale of Mortgaged Property as mentioned in the Schedule to OA.

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As per the averments in the application, the Applicant Bank states that Defendant availed Union Home Scheme of Rs.70.00 Lakhs with interest @ 9.45% p.a with monthly rests repayable in 360 equated monthly installments of Rs.58,604/- and executed Term Loan Agreement on 28.02.2023 in favour of the applicant bank. availing facility, the defendant failed to comply the terms the applicant bank classified the account as

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...:^j .- - ' ,:' ,:.^.'.. j.l- ,. t- . -;'

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(OA. No. 2171202s)

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NPA on 29.07.2024 and issued Demand Notice dated 02.08.2024 under Section 13 (2) of the SARFAESI Act, 2002^. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 20.08.2025

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Sri. P. siva Kumar, Branch Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.15.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendant as prayed for?

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Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A.1 to A.'15. ln view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Applicant Bank is entitled to recover the claim made in the OA with uturee interest and costs.

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It, the present OA is allowed with costs, as under : nt is liable to pay to the Applicant Bank a total sum of /-. (Rupees Seventy Six Lakhs One Thousand and Fifty Three Only) with future interest @

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(OA. No. 217l202s)

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11.45o/o p.a from the date of this application till the date of realization.

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The Applicant bank is entitled to proceed against the mortgaged schedule property as mentioned in the schedule to OA towards realization of the debt due.

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The Applicant Bank is also entitled to^proceed against the^person and properties of defendant towards realizatlon of the debt due.

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That Applicant Bank is entitled to the costs of the OA.

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The Applicant shall file a cost memo within two weeks from the date of receipt of order.

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lssue Recovery Certificate accordingly.

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Communicate a copy of the order to the^{parties concerned.}

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to the P.A., transcribed by her, corrected, signed^{and pronounced by me in the opencourt on} I^{day of Nov, of Nov, Nov,2025)}

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I^{day of Nov, of Nov, Nov,2025)} * ?rn r-.. ffi sd/(G. GOPICHAND) PRESIDING OFFICER #:l';

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Union Bank of India v. Mrs. Nathani Shiva Naga Jyothi

Case brief

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Union Bank of India v. Mrs. Nathani Shiva Naga Jyothi

Case brief

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