Canara Bank v. M/S. Y.N. Motors
Case brief
What is this about?
The Debt Recovery Tribunal allowed the Original Application filed by Canara Bank for recovery of loans totaling approx. Rs. 31 lakhs from M/s. Y.N. Motors and partners, decreeing payment with interest and costs.
What did the court decide?
The OA was allowed; Defendants jointly and several liable to pay sum of Rs. 30,99,343.96 with interest; recovery certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD
DATED THIS THE llrH DAy OF SEPTEMBER, 2025
PRESENT: SRI GUMMADI GOPICHANP, PRESIDING OFFICER
OA.No.476 ot 2024
Between:
Canara Bank, Branch office at Khammam, Khammam, Telangana. Represented by its Chief Manager
Applicant
VERSUS
- M/s. Y.N. Motors,
Represented by its partners, i) Yerram Sujatha, w/o Y. Balendu Sekharam,
ii) Yeeram Ankit Teja,
- S/o Y. Balendu Sekharam,
Office at H.No. flat no.105 & 106, YK Arcade, Wyra road, Khammam - 507 002.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum against the Defendants as prayed for in the OA?
Parties & counsel
- appellant
Canara Bank, Branch office at Khammam
- respondent
M/s. Y.N. Motors
- respondent
Mrs. Yerram Sujatha
- respondent
Yerram Ankit Teja
Coram
Case details
As recorded by the court registry
All orders in this case
2 orders share this CNR
- Order 1 — this page · G. Gopichand
- Order 2 · Krishna Gopal Dwivedi
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