Allowed

Union Bank of India v. Mr. Qamar Ahmed Qureshi

DRT10 Jul 2025OA/406/2024

Case brief

AI extract

What is this about?

In an original application for debt recovery, the Debts Recovery Tribunal allowed the claim of Union Bank of India against two defendants for a sum of Rs. 133,64,836.77 along with future interest and costs, ruling the defendants jointly and severally liable and confirming the security interest over the mortgaged property.

What did the court decide?

Payment of Rs. 133,64,836.77 with future interest; realisation of debt via mortgaged property; proceedings against person and properties of defendants; issuance of Recovery Certificate.

Union Bank of India versus Mr. Qamar Ahmed Qureshi — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 1OTH DAY OF JULY, 2025 PRESENT: SH. MMESHWAR Ko o^.r,o,*ln5;r1.t"fl '^{L LB' (Hons ), M.A.}

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ORIGINAL APPLICATIoN No: 406 oF 2024

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Union Bank of India.. NIMS Branch, NIMS ilosDital Lamp.us,,^panjagufta, Hyderabad_5000g2. Kep. 0y its Authorized signatory.

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. ....Applica nt.

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Versus

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Mr. eamar Ahmed eureshi s/o. lqbal Ahmed eureshi Age 45^years, Gender Male H.N.o.9-4-87 /t/ 7B, Ftat No. 304 At.Kareem Colony, Tolichowki botconda, Hyderabad, TS _ 5OO0O8.

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Mr. Afatb Ahmed eureshi s/o. Iqbal Ahmed Qureshi Age 40^years, Gender Mate H.No. -I3-6_437^{/7 /2/B, Bahadur yar}

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Jung Colony, eadar Bagh, Golconda Hyderabad, TS _ 50OOOB.

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.. . Defendants

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Counsel for the Applicant : M/s. A uri Krishnam Raju

Defendants

:Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.1,33 ,64,836.77ps as on 31.07.2024 from the defendants jointly and severally with future interest 6ug.76o7o p.a. with monthly rests from 01.08.2024 till the date of realization along witi costs and in default for sale of OA schedute prope*y. fu99

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}A'NO'405/2024

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Summons summons^{served on served on oz' D1 through rn"y *ut" paper publication' t"t ex-parte on 07'03'2025whereas} as^{catteO absentand no representation'}

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The^{ApplicantBank examinedT'Kota Kiran Kumar' Branch} Manager,^{as AW-1and marked 12 documentsthrough him as} Ex.^{A.1 to Ex' A'12'}

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Heard^{the Ld' Counselfor the ApplicantBank' Perused the} material Placed^{on record'}

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The^{point that arises for considerationis:-}

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entitled Whether^{the Applica nt B?nk} :: ro' tn"'rciu'irn^{iaAe in the} 'oA against the o"i"notu'tt^{and oA schedule} Pro7ertY?

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6.^{As stated supra' the} '"*::":-t' :"ff15 ,"JT::rll: Evidence^{Affidavit coupledwith the recl} viz.,^{Exs' A'1 to A'12 marked on behalf of the Applicant Bank} crinches^{the craim of the Appricant Bank againstthe Defendants'} Hence,^{I hold that the DefendanE are jointly and severallyliable} to^{pay the OA claim to the Applicant Bank with futureinterest} and^costs'

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7.^{In the result, the present Original Application No'406/2024is} 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'1'33'64'836'77ps^{as on 31'07'2024with} future^{interest@8'70o/o p'a' simplefrom the} date of^{application till the date of realization;} ,M.o*

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(l'/

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oA.NO.406/2024

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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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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 pronounced by me in the open court on this the 10th Day ofJuly,2025).

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ESHWAR KOTHE) PRESIDING OFFICER

Union Bank of India v. Mr. Qamar Ahmed Qureshi

Case brief

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Union Bank of India v. Mr. Qamar Ahmed Qureshi

Case brief

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