Allowed

The Axis Bank Ltd. v. Mr. Mutyala Bhargava Teja

DRT21 Nov 2025OA/417/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by Axis Bank Ltd. against Mr. Balidaya Bhargava Teja, holding the defendant liable to pay the debt secured by hypothecation without representation.

What did the court decide?

Claim allowed; Defendant to pay Rs. 21,33,608/- with future interest and costs; Recovery Certificate issued.

The Axis Bank Ltd. versus Mr. Mutyala Bhargava Teja — Execution and Attachment | DRT (2025)

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]N THE DEBTS RECOVERY TR]BUNAL-]I AT HYDERABAD DATED THIS THE 215T DAY OF NOVEMBER, 2025 PRESENT: SH. RAN4ESHWAR KoTHE, B.Com,, L,LB. (Hons.), IY.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 417 OF ZO2S

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

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.....Apptica nt.

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Versus

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Ivlr. lvlutyala Bhargava Teja, S/o. Venkataramana Aged about 29^years, Occ: Business R/o.Flat No.205, sai sptendid Apts JV Colony, Gachibowti, Hyderabad - 500032.

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Also at:-

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C/o. Tech lvlahendra, Sez Road Jubilee Enclave, Madhapur, Hyderabad.

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.. . Defendant

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Counsel for the Applicant : M/s. ty. Srinivas Reddy Defendant : Ex- parteEx- parteparte

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: Ex- parteEx- parteparte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a totat sum of Rs.21,33,608/- from the defendant with future interest @18%^p.a. with quarterly interest from the date of application till the date of realization along with costs and in default for sale of hypothecated vehicle.

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Summon served on sole defendant through^pp and was set exparte on 16.09.2025 as called abse.nt and no representation. ' \llv! '.^e -r)

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oA.NO.417l2025

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The Applicant Bank examined^{Syed Shafiuddin, Senior Iyanager'} as AW-1 and marked OB documents^{through him as Ex A lto} Ex.A.0B.

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

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

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Whether the^{Applicant Bank is entitled} for the claim^{madein the OA against} the Defendant and^{OA hY\othecated} vehicle?

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As stated supra,^{the Defendant remainedex-parteThe} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs.A.1 to^{A.08 marked on behalfof the ApplicantBank} clinches the^{claim of the ApplicantBank againstthe Defendant'} Hence, I hold that^{the Defendant is liableto pay the OA claimto} the Applicant^{Bank with future interestand costs'}

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In the result, the^{present OriginalApplicationNo 41712025is} allowed as under:^-

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r) The Defendant is liable to^{pay to the} Applicant Bank a sum of^{Rs.21,33,608/- with} future interest @7.650/o^{p.a. simplefrom the} date of application till^{the date of realization;}

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ii) the OA claim ls secured^{bY way of} hypothecation of vehicle described^{in the} schedule annexed to the^{OA and the} 7fltuq,.t_q

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(J/'"*"

oA.NO.477/2O2s

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 entiiled 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 21't Day of November, 2025).

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Ow*

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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t I

The Axis Bank Ltd. v. Mr. Mutyala Bhargava Teja

Case brief

What is this about?

What did the court decide?

The Axis Bank Ltd. v. Mr. Mutyala Bhargava Teja

Case brief

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What did the court decide?

What the court decided

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