Allowed

Bank of Baroda v. Mr. Varikuppala Sathish

DRT11 Nov 2025OA/285/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Applicant Bank's original application for recovery of Rs.51,66,029 from the defendant. The court held the defendant liable based on unchallenged documentary evidence, ordering payment of the sum with reduced future interest and costs.

What did the court decide?

Defendant directed to pay Rs.51,66,029 with future interest @11.90% p.a. and costs; Bank allowed to proceed against hypothecated vehicle and other properties.

Bank of Baroda versus Mr. Varikuppala Sathish — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 11TH DAY OF NOVEIVIBER, 2025

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L,LB. (Hons.), T4.A, PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No : 285 0F 2025

¶4

Ba nk of Ba roda., (Erstwhile Vijaya Bank) Film Nagar Branch, lubilee Hills Hyderabad. Rep. by its Chief l4anager.

¶5

.....Applicant.

¶6

Versus

¶7

Mr. Varikuppa la Sathish S/o. Sri. Varikuppa la Jangaiah Aged 24 Years, H.No.3-4918, lvlalkijguda Yacharam, Medipally, RR District, TG-501509.

¶8

...Defendant

¶9

Counsel for the Applicant

¶10

: M/s. Trivikram Chitturu

Defenda nt

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.51,66,029/- ftom the defendant with future interest @15.75olo^p.a. with^monthlyrests from the^date of^application till the date of realization along with costs and in default for sale of hypothecated vehicle.

¶15

Summon served on sole defendant and was set ex-parte on 31.07.2025 as called absent and no representation. fu'''xb

¶16

2 oA.NO.28sl202s

¶17

The Applicant Bank examined Karaka Raju, 14anager, as AW-1

¶18

and marked 07 documents through him as Ex.A.1 to Ex.A.O7.

¶19

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

¶20

The point that arises for consideration is:-

¶21

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated vehicle?

¶22

As stated supra, the Defendant 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 Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶23

In the result, the present original Application No.285/2025 is allowed as under: -

¶24

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.51,66,029/- with future interest @11.90o/o p.a. simple from the date of application till the date of realization;

¶25

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;/flkg..,1/-t'l^' 'z\'\^-

¶26

oA.NO.285/2025

¶27

iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

¶28

iv) the applicant bank is entitled for the costs.

¶29

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

¶30

Issue Recovery Certiflcate accordingly.

¶31

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 11th Day of November, 2025).

¶32

fuo (RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Baroda v. Mr. Varikuppala Sathish

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Mr. Varikuppala Sathish

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

State Bank of India versus Mr. Dharam Singh

M/S. Canara Bank versus Mdh Bikes

M/S. Yes Bank Ltd. versus M/S. Kiran Granites and Minerals

Idfc First Bank Ltd. versus Mr. Challa Raghupathi Reddy

Union Bank of India versus M/S. Sri Durga Automotives

Yes Bank Limited versus Mr. Chetpally Rajam