Debts Recovery Tribunal allowed the bank's application for recovery from two defendants who remained ex-parte, holding them jointly liable for a term loan of Rs. 32.43 lakh with interest.
Defendants jointly liable to pay Rs. 32,43,032.49 plus interest; bank entitled to enforce mortgage and proceed against persons and properties; costs awarded.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE 17TH DAY OF NOVEMBER, 2025
PRESENT: SH. RAN4ESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 256 0F 2024
Union Bank of India., Koilakuntla Branch, Koilaku ntla Kurnool District - 508051, A.P. Rep. by its Branch Manager.
.....Applicant.
Versus
. .. Defenda nts
Cou nsel for the Applicant : Mr. V. Sethu Madhava Rao
Defenda nts
: Ex-parte
:: CLLLL& ::
oA.NO.255l2024
2
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?
oA.NO.2s6l2024
3
/DY,,#/
(RA,IESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
Whether Defendants are jointly and severally liable to pay the demand with future interest and costs?
Union Bank of India, Koilakuntla Branch
Mrs. Kalingiri Lakshmi
Mr. Karnati Pratap Reddy
Raneshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
