Allowed

State Bank of India v. M S Trinethra Guest Line

DRT17 Jun 2025OA/507/2024

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the original application filed by State Bank of India for recovery of Rs.65,06,688/- with interest and costs from the defendants jointly and severally, securing the claim via mortgage of properties.

What did the court decide?

Defendants jointly and severally liable to pay Rs.65,06,688/- with future interest and costs; OA claim secured by mortgage; recovery certificate issued.

State Bank of India versus M S Trinethra Guest Line — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 17TH DAY OF JUNE, 2025

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

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ORIGINAL APPLICATION No: 507 OF 2024

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State Bank of Ind ia., Stressed Assets Recovery Bra nch D.No.54-20-18/3FlU6, 3'd Floor, Upstairs of KFC, Su rya prakash Square, Gurunanak Naga r Road, NTR Nagar, Vijayawada - 520008. Rep. by its Chief Manager.

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.....Applicant.

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Versus

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M/s.Trinetra Guest Line, Rep by its Partners Sri Atla Chandra Mohan Reddy & Sri Atla Sujana Kumari, D. No.251684-406, Beside Ramsai Enclave Apartments, Na ndya I Town & District.

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Sri Atla Chandra Mohan Reddy, S/o.Atla Moulali Reddy, Aged Years, Occ: Business, D.No.5-8-2, Pothuri Street, Allagadda, Na ndyal - 518543.

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Smt.Atla Sujana Kumari, S/o. Chandra Mohan Reddy, Aged Years, Occ: Business, D.No.5-8-2, Pothuri Street, Allagadda, Nandyal - 518543.

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. .. Defenda nts

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Counsel for the Applicant

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: M/s.B.Ramana Kumari

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Defenda nts

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:Ex-parte .Xur-^*to /'n""

oA.NO.507/2024

:: (LLLEE ::

The Applicant Bank^{filed the present OA for the recovery a total} sum of Rs.65,06,688/-^{from the defendantsjointly and} severally with future^interest @12.20olo^{p.a. with monthlyrests} from 17.07 .2024 till the date of^{realizatlon along withcosts and} ln default for sale of OA^{schedule properties.}

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Summons served on^D1 to 3^{through paper publication. They} were set ex-parte on 28.03.2025^{as called absentand no} representation.

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The Applicant Bank examined^{D.V.S B.G.Krishna, Dy. Manager,} as AW-1 and^{marked 17 documents through him as Ex. A.1 to} Ex. 4.77.

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Ld. Counsel for the Applicant Bank^{reported orders may be} passed through merits. Perused the material^placed on^record'

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The^point that arlses for conslderation^is:-

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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^{recitalsin the documents} viz., Exs.A.l to A.17 marked on^behalf of^{the ApplicantBank} clinches the claim of the^{Applicant Bank against the Defendants.} Hence, I hold that the Defendants are^{jointlyand severally liable} to^pay the OA claim to the^{Applicant Bank q"ith futureinterest} and costs. /Wo*'

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oA.NO.507/2024

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In the result, the^{present OriginalApplication No.5O7l2O24is} allowed as under:^-

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i) The Defendants are iointly^{and severally} liable to pay to the Applicant^{Bank a sum of} Rs.65,06,688/- with^{future interest} @t2.2oo/o 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 bankis} entitled to^proceed against^{the sameto} realise its debt;

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

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iv) the applicant bank^{is entitledfor the costs'}

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B. The Applicant Bank^is directed^{to file CostMemowithin2 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,^{signedand pronounced by me in the open court on} this the 17th Day of June,^2025).

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ow*

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(RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. M S Trinethra Guest Line

Case brief

What is this about?

What did the court decide?

State Bank of India v. M S Trinethra Guest Line

Case brief

What is this about?

What did the court decide?

What the court decided

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