Allowed

Canara Bank v. Adapanati Suresh Babu

DRT23 Oct 2025OA/374/2025

Case brief

AI extract

What is this about?

In an ex-parte right on merits, the Presiding Officer of the DRT allowed the applicants sum recovery OA, holding the defendants jointly and severally liable to pay the debt, interest, costs, and proceed against mortgaged/ other properties.

What did the court decide?

Directing the defendants to pay Rs.54,92,272/- with future interest; allowing secured recovery against mortgaged property; and issuing a Recovery Certificate.

Canara Bank versus Adapanati Suresh Babu — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 23RD DAY OF OCTOBER, 2025

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PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 374 OF 2025

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Canara Bank., Shaikpet Branch, Hyderabad. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Adapanati Suresh Babu S/o. Adapanati Thirupalu Aged Major, Occ: private Employee H.No.4-1-44, 14th Cross, Rajapanaga I Road, Kondamitta, Ongote _ 52300i Andhra Pradesh.

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Also at:-

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Senior Business Executive, USA Private Limited, 1D, Adwave Towers 9 South Boag Road, T Naqar Chennai - 6000 17.

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M/s. Beccun Infrastructurers Limited.. Represented by its Managing Director Registered Office at 102, Model House Punjagutta, Hyderabad - 500082.

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.. . Defenda nts

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Counsel for the Applicant

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Defendants

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M/s. Dishit Bhattacharjee

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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.54,92,272/- trom the defendants joinfly and severally with future interest @11.65Vo p.a. compounded ,//ffitr'1'>" )-5 (y

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oA.NO.37412025

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monthly from^{01.04.2025till the date of realization along with} costs and^{in default for saleof OA scheduleproperty'}

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Summons^{served on D2, whereas summonssent to D1} returned^{with endorsement refused hence' deemedto be} served.^{They were set ex-parteon !7 '06 '2025 as called absent} and no^{rePresentation.}

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The APPlicant Bank examined^{Banavath Laloji, SeniorManager'} as AW-1^and marked^{10 documents through him as Ex A l to} Ex. A.10.

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Bank rePorted^{orders may be}

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1. Ld. Counsel^{for the Applicant} the material Placed^{on record.}

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passed through^{merits. Perused}

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The^point that^{arises for considerationis:-}

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Whether^{the Appticant Bank is entitled} for the claim^{madein the oA against} the Defendants^{and OA schedule} ProPertY?

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As stated supra,^{the Defendants remained ex-parte The} Evidence Affidavit^{coupledwith the recitalsin the documents} viz., Exs. A.1 to^{A.10 markedon behalf of the Applicant Bank} clinches the^{claim of the Applicant Bank against the Defendants'} Hence, I hold that^{the Defendants are jointly and severallyliable} to^pay the OA^{claimto the Applicant Bank with futureinterest} and costs.

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In the result. the^{present Original Application No.374/2O25is} alowed as under: -

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Mrorv

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oA.NO.37412025

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.54,92,272/- with future interest @9.650/0 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 mortgage of property 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;

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iv) the applicant bank is entitled for the costs.

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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 pronounced by me in the open court on this the 23'd Day ofOctober, 2025).

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/Cw* (d*rfesnwAn xorxe) PRESIDING OFFICER

Canara Bank v. Adapanati Suresh Babu

Case brief

What is this about?

What did the court decide?

Canara Bank v. Adapanati Suresh Babu

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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