Allowed

State Bank of India v. Dhaanwick Agro Mills

DRT19 Dec 2025OA/298/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the original application filed by the State Bank of India for recovery of dues against Dhaanwick Agro Mills and partners, holding the claim established on evidence and directing recovery of principal sum with future interest and costs.

What did the court decide?

Defendants jointly and severally liable to pay Rs.6,25,04,963/- with future interest and costs; proceedings against mortgaged properties authorized.

State Bank of India versus Dhaanwick Agro Mills — Contract and Commercial Disputes | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.I AT HYDERABAD

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DATED THrS THE lgrH DAy OF DECEMBER, 2025

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.298 of 2O2S

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Between:

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State Bank of India, Branch office at SAMB - 2, 1sr floor, TSRTC complex, Kachiguda, Hyderabad, TS - 500 029.

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Represented by its Asst Gen Manager

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Applicant

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VERSUS

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Dhaanwick Agro Mills, A regd partnership firm

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Represented by its partners

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a) Mr. Mohd Shakhil Aamir,

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b) Mrs Ayesha Fatima Aamir,

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No.4-2- 153, Sri Venkateswara Colony, Bodhan, Nizamabad-503 185.

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Factory at:

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Sy.No.58A, 5BU, SBU1, 6t/A5, Taggelli Village, Bodhan mandal, Nizamabad District - 503 195.

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Mr. Mohd Shakil Aamir,

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S/o Mr. Mohad Azam, aged major, Occ: Managing partner of D.1, Plot no.460,^phase III A, road no.g6, Jubilee Hills, Hyderabad - 5OO 033.

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Atso at:

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H. No.4- L-623/ A, Achanpally,

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Bodhan, Nizamabad - 503 1gO.

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(oA. No.298/202s)

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Mrs. Ayesha Aamir, w/o Mr. Mohd Shakil Amir, aged major, occ: partner of D-1, plot no.460, phase - III A, Road no. 86, Jubilee Hills, Hyderabad - 5OO 033.

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Also at:

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H.No.4-1-623lA, Achanpally, Bodhan, Nizamabad - 503 1gO. Defendants

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Counselfor the^parties:
FortheApplicant	SriV.Raghu
FortheDefendants	Exparte
Reservedon	16.10.2025
Pronouncedon	24.L0.2025
Uploaded inwebsiteon	19.12.2025

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ORDER

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(Amended vide MA.No.12 4 / 2O2S dated 10. 12.202S)

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1' The Applicant Bank filed the present oA against Defendants for recovery of a total sum of Rs.6,25,O4,963/- (Rupees Six Crores Twenty Five Lakhs Four Thousand Nine Hundred and Sixty Three only) i.e.,

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a) A sum of Rs.89,07,1L7/- in respect of cash credit with subsequent interest @ 10.25olo p.a with monthly rests + penal interest @ 2o/o p.a from 05.07,2025 till the date of realization ;

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.gf'ans:1s^i;fuqr.lft,.- in respect of Term toan-r with

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subseq'Oent intdrest @ p,a with monthly rests + penal .2025 till the date of realization ;

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(oA.No.298/202s)

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c) A sum of Rs.1,18,95,9L6/- in respect of Term Loan-II with subsequent interest @ 100/o p.a with monthly rests + penal interest @ 2o/o p.a from 05.07.2025 till the date of realization ;

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d) A sum of Rs.65,7L,7t4/- in respect of SME Car loan with subsequent interest @ 10olo p.a with monthly rests + penal interest @ 2olo p.a from 05,07.2025 till the date of realization ; and in default for sale of hypothecated movables and mortgaged properties as mentioned in the schedules ..A to D,, to OA.

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As per the averments in the apprication, the Appricant Bank states that defendant no.1 is a partnership firm represented by defendants no.2 & 3/ partners who avaired credit facirities i.e., cc facirity of Rs.1.00 Crore, Term loan - I of Rs.5,20,OO,OOO/_ and Term loan_Il of Rs.1,80,00,000/- on 29.12.202t. Defendants 2 & 3 executed agreement of loan cum hypothecation, guarantee agreement, acknowledgement and letter of undertaking dated 29.L2.202L. Defendants deposited the titre deeds of schedure mentioned properties and hypothecated all the movables and car in favour of Applicant Bank. After avairing the roan facirities, the defendants faired to compry the terms of sanction, hence the appricant bank crassified the account as NPA on was issued on 02,06.2025. Inspite of the defendants did not clear

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Inspite of the

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(oA.No.298/202s)

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Defendants called absent^{and set exparte on 16.10.2025.}

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Sri M. Bhargava Madhu, Chief^Manager of^{the ApplicantBank} examined himself as AW.1 and exhibited^relevant documents,^which are marked as Ex.A.1 to A.49.

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Heard the Ld. Counsel for the Applicant^Bank.

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The^point that arise for consideration is whether the Applicant^{Bank is} entitled for the claim made in the OA against the Defendants as prayed for?

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Defendants called absent and set exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A1 to A.49. In view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendants and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

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In the result, the^present OA is allowed with costs, as under: The Defendants are^jointly and severally liable to^pay to the Applicant Bank a total sum of.Rs.6,25,O4,9631- (Rupees Six Crores Twenty Nine Hundred and Sixty Three only)

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r:.

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(oA.No.298l202sl

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a)A sum of Rs.89,07,Lt7/- in respect of cash credit with subsequent interest @ 10.25o/o p.a from 05.07.2025 till the date of realization ;

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b)A sum of Rs.3,51,30,2L61- in respect of Term loan-I with subsequent interest @ 10.15olo p.a from 05.07.2025 till the date of realization ;

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c) A sum of Rs.1,18,95,916/- in respect of Term Loan-II with subsequent interest @ Loo/o p.a from 05.07.2025 til! the date of realization ;

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d) A sum of Rs.65,7t,7t4/- in respect of SME Car loan with subsequent interest @ 10o/o p.a from 0s.o7.zo2s till the date of realization ;

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The Applicant Bank is entitled to proceed against the hypothecated movables and mortgaged properties as mentioned in the schedules "A to D" to OA towards realisation of the debt due.

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The Applicant Bank is also entitled to proceed against the person and properties of defendant No.2 & 3 and properties of defendant no.1 firm towards realization of the debt due.

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(oA.No.2e8 /202sl.

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The Applicant Bank is entitled to the costs of the OA.

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t2. The Applicant shall file a cost memo within two weeks from the date of receipt of order.

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Issue Recovery certificate accordingly.

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Communicate a copy of the order to the parties concerned.

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(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 19th day of Dec, 2025)

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sdl(G. GOPTCHAND) PRESIDING OFFICER

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a tqv>
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State Bank of India v. Dhaanwick Agro Mills

Case brief

What is this about?

What did the court decide?

State Bank of India v. Dhaanwick Agro Mills

Case brief

What is this about?

What did the court decide?

What the court decided

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