Allowed

Union Bank of India v. M/S. Thirumala Enterprises

DRT14 Oct 2025OA/22/2023

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal-II admitted the bank's application for recovery of a loan sum from the defendants. The court examined documents and held the defendants liable, including the legal heirs of a deceased account holder, ordering payment of the principal, interest, and costs.

What did the court decide?

Directing respondents to pay Rs. 27,99,861.19 with future interest and costs; issuing a Recovery Certificate.

Union Bank of India versus M/S. Thirumala Enterprises — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD

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DATED THIS THE 14TH DAY OF OCTOBER, 2025

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' PRESENT: SH. MMESHWAR KOTHE, B.Com.. L.LB. (Hons.), tvt.A. PRESIDING OFFICER

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Original Application No: 22 OF 2023

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Union Bank of India., Branch at Peddamberpet (V) Hayathnagar (M), R R District. Rep. by its Senior Manager.

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...Applicant

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, Versus

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M/s. Thirumala Enterprises., Rep by its^prop Narla Jyothi(Died per LR,s) H.No.8- 11, Dandumailaram (V) Ibrahimpatnam(M), RR Dist, TS-501506.

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Narla Jyothi (Died per LR,s) Aged Major. Occ: Business H.No.8- 11, Dandumailaram (V) Ibrahimpatnam(M), RR Dist, TS-501506.

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. 3. Puligilla Mallesh, S/o.puligilla Buchaiah Aged Major, Occ: Business H. No.8- 11. Dandumaitaram (V) Ibrahimpatnam( M), RR Dist, TS-501506.

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Narla Mallaiah, S/o.Not Known Aged Major, Occ: Business H. No.8- 11, Dandumailaram (V) Ibrahimpatnam(M),RRDist,T5-501506. .,....Defendants Counsel for the Applicant : M/s. p. Balaji Defendants : Ex-parte

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:: oRDER ::

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.27,99,861.19ps from the defendants joinuy and severalty with /h-<"*

(-tZ rrri"

OA.No.22l2023

future interest @18o/o p.a. with monthly rests from the date of application till the date of realisation along with costs.

¶18

Summons served on D1, 3 & 4. They were set^ex-parte on 11.06.2024 as called absent and no^{representation.Counsel} f()r applicant filed a memo stating^D3 & 4 are the^LRs of^deceased D2 who are already on record.

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The Applicant Bank examined^{Durga LavanyaDamarla, Legal} Manager as AW-1 and marked 08 documents^{throughher as Ex. A.1} to Ex. A.08.

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Heard the Ld. Counsel for the^{Applicant Bank.Perused the material} placed on record.

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The point that arises for conslderation^is:-

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Whether the Applicant^{Bankis entitled for} the claim made in the OA against^the Defendants?

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As stated supra, the^{Defendants 3 & 4 remainedex-parteThe} Evidence Affidavit coupled with^{the recitalsin the documents viz ,} Exs. A.1 to A.08 marked^{on behalf of the ApplicantBank clinchesthe} claim of the Applicant^{Bank againstthe Defendants.Hence, I hold} that the Defendants 3^{& 4 to the extent of estate of deceasedD2,} now lying in their hands; are^{liable to pay the OA claim to the} Applicant Bank with^{futureinterestand costs.}

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oA.No.22l2023

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i) The defendants 3 & 4 to the extent of estate of deceased D2, now lying in their hands, if any; are liable to pay to the Applicant Bank a sum of Rs.27,99,861.19ps 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 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., transcribed by him, corrected, signed and^pronounced by me in the open court on this the 14th day of October, 2025).

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1fur't"b (RAMESHWAR KOTHE) PRESIDING OFFICER

Union Bank of India v. M/S. Thirumala Enterprises

Case brief

What is this about?

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Union Bank of India v. M/S. Thirumala Enterprises

Case brief

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What did the court decide?

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