Allowed

M/S. Yes Bank Limited v. Mr. Kallem Bhoomanna

DRT21 Nov 2025OA/313/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by YES Bank Limited for recovery of Rs. 58,50,429.66 plus future interest and costs from two respondents jointly and severally, noting secured hypothecation of a vehicle.

What did the court decide?

Defendants held jointly and severally liable to pay Rs. 58,50,429.66 with future interest and costs; bank entitled to sell hypothecated vehicle and attach other properties.

M/S. Yes Bank Limited versus Mr. Kallem Bhoomanna — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 21ST DAY OF NOVEIYBER, 2025

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

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ORIGINAL APPLICATION No: 313 OF 2025

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M/s. YES Bank Limited., Office at 1-8-387, 2nd Floor 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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lYr. Kallem Bhoomanna, S/o.Mr.Gangaram H. No.1-83, Chittapur, Batkon, Damandal Nea r Hanuman Temple, Chittapur Nizama bad, Telangana - SO32t7.

¶8

Mrs. Kallem^padma, D/o. M r. Dyavashetty Laxman, H. No.1-83, Chittapur, Balkon Damandal, Nea r Hanuman Temple Chittapur, Nizamabad, Telangana - 503277.

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... Defenda nts

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Counsel for the Applicant : M/s. N. B. Sudarshan Defendants : Ex-pa Ex-pa rte

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: Ex-pa Ex-pa rte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.58,50,429.66ps from the defendants joinuy and severally with future interest @1gyo p.a. compounded with monthly rests from the date of application till the date of realization along with costs and in default for sale of hypothecatedvehicle.^{l'rr*.^:.j,}

¶14

:!''

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oA.NO.313/202s

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Summons *"r" a"a^{served ex-pade on on Dl and 22'OA'2O25 2 through as paper publication' called absentand Theyno} representation.

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The ApPlicant^{Bank examinedSai Pavan Gudivada'Legal} Manager,^{as AW-1and marked 07 documentsthrough hlm as} Ex. A.1^{to Ex. A.07'}

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Heard^{the Ld. Counselfor the APplicant Bank' Perused the} material Placed^{on record'}

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The^{point that arises for considerationis:-}

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Whether^{the Appticant Bank is entitled} for the^{claimmade in the OA against} the^{Defendants and OA hYpothecated} vehicle?

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As stated^{supra, the Defendants remained ex-parte'The} Evidence^{Afndavit coupledwith the recitalsin the documents} viz., Exs'A.1^{to A'07 marked on behalf of the ApplicantBank} clinchestheclaimoftheApplicantBankagainsttheDefendants. Hence,^{I hold that the Defendants are jointlyand severallyliable} to^{pay the OA claim to the Applicant Bank with futureinterest} and^costs.

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Intheresult,thepresentoriginalAppl|cationNo.313/2025is allowed^{as under: -}

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The Defendants^{are jointly and severally}

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i) liable to^{pay to the Applicant Bank a sum of} Rs.58,50,429'66ps^{with future interest} ffy.,**

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oA.No.313/zozs

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@7t.75o/o p.a. simple from the date of application till the date of realization;

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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;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues; iv) the applicant bank is entiued 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, corrected, signed and pronorn.lJ Uy ,i in the open court on this the 2l,t Day of November, 2025).

¶33

4Y<-*'n 1/,, >-" (MI(ESHWAR KOTHE) PRESIDING OFFICER

M/S. Yes Bank Limited v. Mr. Kallem Bhoomanna

Case brief

What is this about?

What did the court decide?

M/S. Yes Bank Limited v. Mr. Kallem Bhoomanna

Case brief

What is this about?

What did the court decide?

What the court decided

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