Allowed

City Union Bank Limited v. M/S. Sree Jayalakshmi Silks

DRT8 Oct 2025OA/433/2025

Case brief

AI extract

What is this about?

Debt Recovery Tribunal allowed the Debts Recovery Tribunal-II at Hyderabad the original application filed by City Union Bank Limited against four defendants. The bank claimed recovery from loan accounts secured by mortgage properties, resulting in a total debt judgment of Rs. 32,68,890/- with costs and future interest. The respondents remained ex-parte.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 32,68,890/- with interest and costs; recovery certificate issued against mortgaged properties and persons.

City Union Bank Limited versus M/S. Sree… — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYD ERABAD DATED THIS THE OSTH DAY OF OCTOBER, 2025

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PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB.

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(Hons. ), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATIoN No: 433 oF 2025

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City U nion Bank Limited., Dharmavaram Branch Dharmavaram, Andhra pradeshRep. by its power of Attorney.

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..... Appticant.

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Versus

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M/s..Sree Jayatakshmi Sitks., Rep by its^proprietor Smt.G.Vijayalaksh mi Wo. G. Murati Krishna, o.No.i1_753 thogata Street, Dharamavaram _ 575677-

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Smt. G. Vijayatakshmi, W/o. c. Murati Krishna, D.No.9-99, Thogata Street uharamavaram _ 515671.

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Sri. G. Murali Krishna, S/o. G. Kondanna D.No.9-89, Thogata Street Dharamavaram - 515671.

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Sri. Y. Srinivasulu, S/o. Narayana Swaamy, D, No.11-753 Thogata Street, Dharamavaram _ 515671.

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. .. Defendants

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Counsel for the Applicant M/s. R. Rajendera^prasad

Defenda nts

Ex- pa rte

:: oRDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.32,68,890/- i.e., a sum of Rs.25,47,530/_ towards Loan A/c.No.512020010018517 and^a sum of Rs.7,21,360/_ Ox*e

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oA.NO.433/202s

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towards Loan^{A/c.No.501712070001169from the defendants} jointly and severally with^{future interest@24olop awith} monthly rests^{from the date of application till the date of} realization along^{with costs and in default for sale of OA} schedule of ProPerties.

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Summons served^{on D1 to 4'} They were^{set ex-Parte} 26.06.2025^{as called absentand} no representation

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S R Baskaran, Field RecoverY

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The Applicant^Bankexamined 25 documents through^himas

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Manager, as^{AW-1 and marked} Ex. A.1 to Ex.^A.25.

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Heard the Ld.^{Counselfor the Applicant Bank' ierusedthe} 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^{made in the OA against} the Defendants and^{OA schedule} properties?

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As stated supra,^{the Defendants remained ex-parte The} Evidence Affidavit coupled^{with the recitals in the documents} viz., Exs.A.1 to A.25^marked on^{behalf of the ApplicantBank} clinches the claim^{of the Applicant Bank against the Defendants.} Hence, I hold that the^{Defendantsare jointlyand severally liable} to^pay the OA claim to the^{Applicant Bank with futureinterest} and costs.

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In the result, the^present original Applicatiql^{No.433/2025is} alowed as under: - /Y.rf"

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oA.NO.433/2025

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.32,68,890/- i.e., a sum of Rs.25,47,53Q/- towards Loan Alc, No. 512020010018517 and a sum of Rs.7,21,360/-towards Loan Alc. No. 501712070001169; with future interest @11olo 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 properties 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 08th Day of October, 2025).

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fu"P (RAMESHWAR KOTHE) PRESIDING OFFICER

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City Union Bank Limited v. M/S. Sree Jayalakshmi Silks

Case brief

What is this about?

What did the court decide?

City Union Bank Limited v. M/S. Sree Jayalakshmi Silks

Case brief

What is this about?

What did the court decide?

What the court decided

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