The Debt Recovery Tribunal allowed the applicant bank's original application for recovery of a term loan of Rs. 29,34,302/- along with interest and costs, finding the defendant liable as she remained ex-parte.
Defendant to pay Rs. 29,34,302/- with interest; OA claim secured by hypothecated assets; applicant bank entitled to costs.
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 OSth DAY OF JULY, 2025
PRESENT: SH. RAIT4ESHWAR KoTHE, B.com., L.LB. (Hons.), M.A. PRESID]NG OFFICER
ORIGINAL APPLICATION No: 32 OF 2025
Centra I Bank of India., Having Branch Office at H. No.5-4-634, Ground Floor Near Kamala Nagar Bus Stop Kamala Nagar, Va nastha lipuram Hyderabad, Telangana - 500070. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Sunitha Bricks., A Proprietary Concern Of Gugulothu Sunitha, Rep by its Sole Proprietor Gugulothu Su njtha R/o. Plot No.106, TRB Colony Hayathnagar, Ranga Reddy District Telangana - 501505.
Also at:-
Plot No.89, Bandangpet Villaqe Balapur Ma ndal, Ranga Reddy Telangana - 500097.
... Defendant
Counsel for the Applicant : ty/s.B.Ravindra Reddy Defendant : Ex-pa Ex-pa rte
: Ex-pa Ex-pa rte
:: ORDER ::
oA.NO.32l202s
till the date of realizationalong with costs and in default for sale of hypothecatedassets.
whether the Applicant Bankis entitled for the claim made in the OAagainst the Defendant and OAhYqothecated assets?
i) The Defendant is liable topay to the Applicant Bank a sum of Rs.29,34,302/- as OHo"
3
oa.No.32l2O2s
on 26.L2.2024 towards Term Loan A/c. No. 3784234377 with future interest 619.79o7o p.a. simple from the date of application till the date of realization;
ii) the OA claim is secured by way of hypothecation of assets described in the schedule annexed to the OA and the applicant bank is entifled to proceed against the same to realise its debt;
iii) the applicant bank is also entiued to proceed against the person and properties of defendants for realization of its dues;
B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
1nnffisrfl,ian xornel PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the original application against the defendant and the hypothecated assets?
Central Bank of India
Sunitha Bricks
RAIT4ESHWAR KoTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
