Allowed

M/S. Yes Bank Limited v. Mr. Abdul Moiz, S/O Jaleel Miya

DRT14 Oct 2025OA/230/2025

Case brief

AI extract

What is this about?

Allowed Original Application No. 230 of 2025 in the Debts Recovery Tribunal-II, Hyderabad. Debts Recovery Tribunal held Defendants jointly and severally liable to pay the claimed sum with future interest and costs, and directed issuance of Recovery Certificate.

What did the court decide?

Sum of Rs. 29,34,867.17 with future interest, costs, and entitlement to proceed against hypothecated vehicle and defendants' properties. Recovery Certificate issued.

M/S. Yes Bank Limited versus Mr. Abdul Moiz, S/O Jaleel Miya — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 14TH DAY OF OCTOBER, 2025

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

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ORIGINAL APPLICATION No: 230 OF 2025

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M/s. YES Bank Limited., Office at 1-8-387, 2nd Floor Agravanshi Plaza, HUDA Lane S P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Mr. Abdul Moiz, S/o. laleel Miya Aged about 51 Years, Occ: Business R/o.H.No.4-106-1, Lane No.5,^Near Majid, Prem Nagar,^{New Hafeezpet} Miyapur, Hyderabad - 500049'

¶8

Mrs. Shaik Ranana^Tabasum Wo.^{Abdul Moiz,Aged about 45 Years} Occ: Housewife,^{R/o.H No.4-106-1} Lane No.5,^{Near Majid, Prem Nagar} New Hafeezpet,^{Miyapur, Hyderabad- 500049'}

¶9

.. Defendants

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Counsel^{for the Applicant} : M/s' M'Srinivas^Reddy

Defendants

: Ex-Parte

:: CLLq-EL^::

The Applicant^{Bank filed the present OA for the recovery a total} sum of Rs.29,34,867.17ps^{from the defendantsjointly and} severally with^{future interest@18o/op a' compoundedwith} monthly rests^{frcm 03 12'2024 till the date of realizationalonq} with costs and^{in default for saleof hypothecated vehicle'} ,/IYt|nr,-..1^

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,,,"^:'"wt'" L-,/

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2 oa.No.230/2025

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Summons served on D1 and 2. They were set ex-parte on 13.06.2025 as called absent and no representation.

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The Applicant Bank examined Sai Pavan Gudivada, Legal lvlanager, as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. A.07.

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Ld. Counsel for the Applicant Bank reported orders may be passed through merits. 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 enti ed for the claim made in the OA against the Defendants and OA hypothecated vehicle?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.07 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinfly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.23Ol2025 is allowed as under: -

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i) The Defendants are joinuy and severally liable to pay to the Appticant Bank a sum of Rs.29,34,867.17ps with future interest @9.85o/o p.a. simple from the date of app.ication tiII the date or r."tr"r,olqy,r.r,

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oA.NO.230/202s

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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 entitled 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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B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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q 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 14th Day of october, 2025).

¶32

ff.u'r'rg (RAMESHWAR KOTHE) PRESIDING OFFICER

M/S. Yes Bank Limited v. Mr. Abdul Moiz, S/O Jaleel Miya

Case brief

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M/S. Yes Bank Limited v. Mr. Abdul Moiz, S/O Jaleel Miya

Case brief

What is this about?

What did the court decide?

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