Allowed

M/S. Yes Bank Ltd. v. Mr. Kalavala Sunil Sagar

DRT14 Nov 2025OA/303/2025

Case brief

AI extract

What is this about?

This Debt Recovery Tribunal allowed an original application by M/s. YES Bank Ltd. against Mr. Kalavala Sunil Sagar ex-parte. The court held the defendant liable to pay the claimed sum with future interest, costs, and authorized proceedings against his properties.

What did the court decide?

Defendant liable to pay Rs.23,22,993.18 with future interest @11.49% p.a., costs, and recovery certificate issued; Applicant directed to file cost memo.

M/S. Yes Bank Ltd. versus Mr. Kalavala Sunil Sagar — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 14TH DAY OF NOVEMBER, 2025

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

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Original Apptication No: 303 OF 2O2S

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M/s. YES Bank Ltd., 2nd Floor, H.No. 1-8-387 Agravanshi Plaza, HUDA Lane S.P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant

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Versus

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Mr. Kalavala Sunil Sagar S/o. Mr. Vijay Kumar Kalavala Flat No.202, Sri Sai Ram Residency Kistareddypet, behind Lake View Patancheru, Hyderabad - 502319.

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Alio at:-

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Mr. Kalavala Sunil Sagar S/o. Mr. Vijay Kumar Kalavala Building No.20, 1oth Floor, SEZ Mindspace, Near Inorbit Mall Madhapur, Hyderabad - 500081.

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Permanent Address:Mr. Kalavala Sunil Sagar S/o. Mr. Vijay Kumar Kalavala t0-2-L02, Mamilagudem, Near Bus Stop Khammam (Urban), Khammam Andhra Pradesh - 507001.

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...... Defendant

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Counsel for the Applicant , ^,f*S-fl,"*gf=xn( - Defendants : Ex-parte OY"-

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OA.No.303/202s

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The Applicant Bank filed the^present OA for the recovery of^{a sum of} Rs.23,22,993.18ps from the defendant with future interest @18o/o p.a. with monthly rests from the date of application till the date of realisation along with costs.

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Summon served on sole defendant through^{paperpublication} and was set ex-parte on 12.08.2025 as called absent and no representation.

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The Applicant Bank examined Sai Pavan Gudivada, Legal Manager as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. A.07.

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

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The point that arises for consideration is:-

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

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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.

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In the result, the presqnt Original Application No.303/2025 is auowed as under: /Yr*(-

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OA.No.303/2025

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.23,22,993.18ps with future interest @11.49olo^p.a. simple, from the date of application till the date of realization;

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

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iii) the applicant bank is entitled for the costs.

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

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 14th day of November, 2025).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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M/S. Yes Bank Ltd. v. Mr. Kalavala Sunil Sagar

Case brief

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What did the court decide?

M/S. Yes Bank Ltd. v. Mr. Kalavala Sunil Sagar

Case brief

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What the court decided

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