Allowed

Canara Bank v. Kandukuri Ramani

DRT4 Nov 2025OA/494/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Bank's Original Application against two defendants who remained ex-parte. The court held them jointly and severally liable to pay the debt, future interest, and costs, secured by mortgage and recoverable from person and properties.

What did the court decide?

Defendants liable to pay sum of Rs. 68,89,851/- with future interest @10.25% p.a. simple from application date till realization; secured by mortgage; recovery certificate issued.

Canara Bank versus Kandukuri Ramani — Execution and Attachment | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE O4TH DAY OF NOVEMBER, 2025

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No: 494 oF 2025

¶4

Canara Bank.,

¶5

Ameerpet 1 Branch, Hyderabad. Rep. by its Authorized Signatory.

versus

.....Applicant.

Kandukuri Ramani

¶10

D/o. Sri Venkata Ramana Narayanam Aged Major, Occ:^private Employee D.No. 21-9l1-16, Flat No. 501

¶11

4th Floor, Deltas Roshan Apartment Madhura Nagar, Opp Govt Hospital Vijayawada - 500011.

¶12

M/s. Beccun Infrastructurers Limited., Represented by its Managing Director Registered Office at 102, Model House Punjagutta, Hyderabad - SOOOB2.

¶13

,..Defendants

¶14

Counsel for the Applicant : M/s. Dishit Bhattacharjee

Defendants

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.68,89,851/- from the defendants jointly and severally with future interest @10.25% p.a. compounded monthly from 01.05.2025 till the date of realization along with costs and in default for sale of OA schedule property. /// Ks u/

¶19

oA.NO.494/202s

¶20

¶21

Summons served on D1 through^{paper publication,whereas} summons sent to D2^{returnedwith endorsement refused hence} deemed to be served. They^{were set ex-parte on 02.09.2025as} called absent and no representation.

¶22

The Applicant Bank examined V R^{MithrudheerReddy,Manager,} as AW-1 and marked 09 documents throuqh^{him as Ex. A.1 to} Ex. A.09.

¶23

Heard the Ld. Counsel for the Applicant Bank.^{Perused the} material^placed on record.

¶24

The point that arises for consideration is:-

¶25

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule property?

¶26

As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.09 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to^pay the OA claim to the Applicant Bank with future interest and costs.

¶27

In the result, the present Original Application No.494l2025 is allowed as under: -

¶28

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs. 68,89,85 1/- with f uture^interest @ 1 0. 25olo Uw"u

¶29

oA.NO.494/2025

¶30

¶31

p.a. simple from the date of application till the date of realization;

¶32

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 entiiled to proceed against the same to realise its debt;

¶33

iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

¶34

iv) the applicant bank is entifled for the costs.

¶35

The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

¶36

Issue Recovery Certificate accordingly,

¶37

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 04th Day of November, 2025).

¶38

/lw*

¶39

lnAnEsHwnR KorHE) PRESIDING OFFICER

Canara Bank v. Kandukuri Ramani

Case brief

What is this about?

What did the court decide?

Canara Bank v. Kandukuri Ramani

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Icici Bank Limited versus M/S. Shanmukhi Agencies

Bank of Maharashtra versus Mr. Thappita Janaki Raju

Idfc First Bank Ltd. versus M/S Global Impex

Union Bank of India versus Mr. K. Ranganna

Icici Bank Limited versus Amba Bhavani Hotels

Canara Bank versus Mr. Sayyed Kausar Basha