Allowed

The Axis Bank Ltd. v. M/S. Gpr Infra

DRT17 Dec 2025OA/412/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal ordered joint and several recovery of approximately Rs. 31.90 lakhs plus interest from respondents in an ex-parte application filed by Axis Bank Ltd. secured by hypothecated vehicle.

What did the court decide?

Defendants jointly and severally liable to pay Rs.31,90,294/- plus future interest; entitlement to proceed against hypothecated vehicle and defendant properties; costs awarded.

The Axis Bank Ltd. versus M/S. Gpr Infra — Banking and Recovery | DRT (2025)

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iN THE DEBTS RECOVERY TRIBUNAL-II AT^HYDEMBAD

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DATED THIS THE 17TH DAY OF DECEMBER,²⁰²⁵

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.^{(Hons.), lvl.A.}

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PRESIDING OFFICER

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ORIGINAL APPLICATION NO: 412 OF 2025

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The Axis Ba nk Ltd., Having it Office at 5-4-183/184 3'd Floor, R P Road, Secunderabad-500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Ivl/s, GPR Infra., Rep by its Prop. Ramidi Kalyani Office at 4-45, Nagpuri, Cheeryal Siddipet - 506223.

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Ms. Ramidi Kalyani, D/o. R Balakrishna Reddy, Aged about 32 Years, Occ: ProP Of lvl/s. GPR Infra, R/o.^{Flat No.212} Grou nd Floor, Suprabath TownshiP Venture 2 & 3, Near Nalla^MallaReddY Engg. College, Hyderabad -^500088.

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14r. Ramidi Balakrishna^ReddY S/o. R. Chandra ReddY,^{Aged about 60} Years, Occ: Business, R/o.^{Flat No.212} Ground Floor, Su Prabath^TownshiP Venture 2 & 3, Near Nalla Malla^ReddY Engg. College, Hyderabad - 500088.

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...Defendants

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: I'lr. M. Srinivas Reddy Counsel for the Applicant

Defendants

: Ex-Parte

:: ORDER ::

The Applicant Bank^filed the^{presentOA for the recoverya total} sum of Rs.31,90,2941-^{fram the defendantsjointly and}

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,^,,:

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oA.NO.472l2025

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severally with future int @180/o p.a. with quarterry interests from the ou," or."tutt till the date of realization along with costs and,n o"r"''P"t"'on ult for sale of hypothecated vehicle. 2. Summons served on D1 t "* * os.o8.2o2s as carreo .rJ,;:": "J::I,"::j::. The Applicant Bank examine shafiuddin' Lesar Manaser' as Ex. AW-1 A.12. and marked 12 '"i:1:: .^:uments through him as Ex. A.1 to

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Heard the Ld. Counsel for the Applicant Bank Perused the

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materiar praced on record.

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The point that arises for consideration is:_

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Whether the Applicant Bank is entitted for the claim made in the oo ii",ri the Defendants ,rO oa nyp"6ili"s") vehicle?

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As stated supra, the Defen remained ex-parte. The Evidence amoavit ."rr,J ,,l"tt the recitals in the documents viz., Exs. A.1 to A.12 marked behalr or the Applicant Bank ctinches the .,"'. ;;;";;;;-on Bank aeainst the Defendants. Hence, r hord "",^{;rj ,:;;a*_t} ::"::L::-^{; .; ;H"J:il:::[ il'1#} il"jJ']l :::::

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In the result, the allowed as under: _present Originat Apptication No.4t2/2025 is

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i) The Defendants are joinuv and severally liable to pay to the appticant Bank a sum of N

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oA.NO.4t2l2025

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Rs.31,90,294l- with future interest @9.91olo p.a. simple from the date of application till the date of rea lization;

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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 entifled 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 entiUed 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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com.municate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed .no p.*rn.!iL, i" ,n ,t," open court on this the 17th Day of December, 2025).

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Y^i!9 $'r*

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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The Axis Bank Ltd. v. M/S. Gpr Infra

Case brief

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The Axis Bank Ltd. v. M/S. Gpr Infra

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