Allowed

The Axis Bank Ltd. v. Mr. Tanguturi Sai Krishna

DRT11 Dec 2025OA/243/2025

Case brief

AI extract

What is this about?

The Tribunal allowed the Applicant Bank's Original Application for recovery of Rs. 23,60,424 plus future interest and costs against the ex-parte respondent, directing the issuance of a Recovery Certificate based on the Applicant's evidence.

What did the court decide?

The respondent is directed to pay Rs. 23,60,424 to the applicant bank with future interest at 12.25% p.a. simple, plus costs. The applicant bank is entitled to proceed against the respondent's person

The Axis Bank Ltd. versus Mr. Tanguturi Sai Krishna — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

¶2

DATED THIS THE 1lTH DAY OF DECEMBER, 2025

¶3

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

¶4

Original Application No: 243 OF 2025

¶5

The Axis Bank Ltd., Having its Office at 5-4-183/184 3'd Floor, R P Road, Secunderabad - 500003. Rep. by its Authorised Signatory.

¶6

.....Applicant

¶7

Versus

¶8

Mr. Tanguturi Sai Krishna, S/o.T.Subramanyam Aged about 30 Years, Occ: Private Employ R/o. H.No.365, Sathavahana Nagar,^Near Sathavahana High School,^{KPHB Colony} Kukatpally, Hyderabad - 500072.

¶9

Also at:-

¶10

C/o. MBPS E-Commerce^{Pvt. Ltd.,} Plot No.682, Babukhan Rasheed^Plaza Road No.36, Jubilee Hills,^Hyderabad -^500033'

¶11

Also at:-

¶12

H.No.5/1741-1, Sree^{Rama Nagar, Prodduturu} Kadapa District - 516360.

¶13

....., Defendant

¶14

Counsel for the APP|icant

¶15

: M/s.M.Srinivas ReddY

Defendants

: Ex-parte

:: @l_L::

The Applicant Bank^filed the^present OA for the^{recovery of a total} sum of Rs.23,60,4241from the defendant with^{future interest} frw*

¶20

OA.No.24312025

¶21

@18o/o^p.a. with^quarterly interests from the date of application till the date of realisation along with costs.

¶22

Summon served on sole defendant through paper publication and was set ex-parte on 08.10.2025 as called absent and no representation.

¶23

The Applicant Bank examined Syed Shafiuddin, Sen ior lYanager as AW-1 and marked 10 documents through him as Ex. A.1 to Ex. A.10.

¶24

Heard the Ld. Counsel for the Applicant Bank and perused the material placed on record.

¶25

The point that arises for consideration is:-

¶26

Whether the Applicant Bank is entiued for the claim made in the OA against the Defendant?

¶27

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.10 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶28

In the result, the present Originat Apptication No.24312025 is allowed as under: -

¶29

i) The Defendant is liable to pay to the Applicant Bank a sum of RS.23,6OA24/with future interest @ 12.25olo 4W",-

¶30

oA.No.243l2025

¶31

p.a. simple, from the date of application till the date of realization;

¶32

ii) the applicant bank is also entitled to^proceed against the person and^properties of the defendant^for realization of its dues;

¶33

iii) the applicant bank is entitled for the costs.

¶34

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

¶35

Issue Recovery Certificate according^ly.

¶36

Communicate a copy of this order^{to the parties concerned.} (Dictated to the steno., transcribed by him, corrected, signed^{and pronouncedbyme in the} open court on this the 11'h^{day of December, 2025).}

¶37

PRESIDING OFFICER

The Axis Bank Ltd. v. Mr. Tanguturi Sai Krishna

Case brief

What is this about?

What did the court decide?

The Axis Bank Ltd. v. Mr. Tanguturi Sai Krishna

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Canara Bank versus M/s. Bheeshma Jute Industries Private Limited.

Bank of Baroda versus M/S. Maya Ladies Corner

Karnataka Bank Limited versus Mr. Thandu Srinivasulu

Union Bank of India versus Mr. Pathan Fairoz Khan

The Axis Bank Ltd. versus Mr. T. Srinivas Reddy

Icici Bank Limited versus Sri. Gunda Shyamsunder Reddy