Debts Recovery Tribunal allowed the bank's original application for recovery of Rs. 30.82 lakhs with future interest and costs. Rs. 30.82 lakhs payable by defendants jointly and severally, secured by hypothecated assets.
Defendants directed to pay Rs. 30,82,502.49 with future simple interest; issuance of recovery certificate.
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 23RD DAY OF OCTOBER, 2025 PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATIoN No : 277 0F 2025
I,4/s. YES Bank Limited., Office at 1-8-387, 2ND Floor, Ag rava nsh iplaza, HUDA Lane, S. P. Road, Secunderabad - SOO003. Rep. by its Authorized Signatory.
.....Applica nt.
Versus
... Defendants
Counsel for the Applicant : M/s. M. Srin ivas Reddy
Defendants
:Ex-parte
:: ORDER ::
/--
oA.NO.271l202s
severallywith future interest @18o/o p'a' compounded with montirtyrests frcm 03 '12'2024till the date of realizationalong *itn .o.t.and in default for sale of hypothecated asset'
Thepoint that arises for considerationis:-
Whetherthe Applicant Bank is entitled for theclaim madein the OA against theDefendantsand OA hYpothecated asset?
The Defendantsare jointly and severally i) liable topay to the App].icant Bank a sum of ffis's
oa.No.27LlZO25
3
Rs,30,82,502.49ps with futureinterest @12olop.a. simple from thedate of application till the date of realization;
ii) the OA claim is secured by way of hypothecation of asset described in the schedule annexed to the OA andthe applicant bank is entitled toproceed against the same to realise its debt;
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and the hypothecated asset?
1 provisions across 1 enactments
Yes Bank Limited
M/s. Vakiti Infra Pvt Ltd
Vakiti Praneeth Reddy
Babu Kasula
Rameshwarkothesheshar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
