Allowed

Union Bank of India v. Mr. G. Jayanth Kumar

DRT17 Dec 2025OA/525/2025

Case brief

AI extract

What is this about?

The Tribunal allowed the debt recovery application filed by Union Bank of India against ex-parte respondents. The Court held the defendants jointly and severally liable to pay Rs. 31,72,225.32 with future interest and costs based on the evidence affidavit and marked documents.

What did the court decide?

The applicant is allowed to recover Rs. 31,72,225.32 with future interest and costs. An order for recovery is issued, and applicants to proceed against the mortgaged property and defendants' person fo

Union Bank of India versus Mr. G. Jayanth Kumar — Contract and Commercial Disputes | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 17TH DAY OF DECEMBER, 2025

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

¶3

ORIGINAL APPLICATTON No: 525 OF 2O2s

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Union Bank of India., Station Road Branch, 9-4-1402 to 1403 Regimental Bazar, Secu ndera bad. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Yr. c. layanth Kumar, S/o. Sri G. Vidyanand Aged about 38^years, Occ: Business R/o. 8-3-784/ 1, ye areddyguda, Srinagar Colony, Ameerpet, H yde ra bad - 5OOO 7 3; Telangana State.

¶8

Smt. G. Pushpavathy Alias G. pushpalatha W/o. Sri. c. Vidyanand, Aged about 57 years Occ: Business, Rlo. B-3-784/L, yeltareddyguda Srinagar Colony, Ameerpet, Hyderabad_sbbO73 Telangana State.

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... DeFendants

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Counsel for the Applicant : Ms. K. Indira Defendants : Ex-parte

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:: oRDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.31,72,225.32ps from the defendants joinUy and severally with future interest @9.2Solo p.a. with monthly plus 2o/o penal interest from the date of application till the date of realization along with costs and in defau.J!- for sale of OA schedule property. N

¶13

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oA.NO,525/2025

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Summons served on D1 and 2. They were set ex_parte on 28.08.2025 as called absent and no representation.

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The Appticant Bank examined NVS Ayyappa Sai, Branch

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Manager, as AW-1 and marked 13 documents through him as Ex. A.1 to Ex. A.13.

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Heard the Ld. Counsel for the Applicant Bank.^perused the

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material placed on record.

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The point that arises for consideration is:_

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

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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.19 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinuy and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Apptication No.525/2025 is allowed as under: -

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i) The Defendants are join y and severally liable to pay to the Applicant Bank a sum of Rs.31,72,225.32ps with future interest @9.25olo^p.a. simple from the date of application ti the date or redizariofrWy'

oA.NO.525/202s

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 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 17th Day of December,2025). IYt3-h

¶34

PRESIDING OFFICER

Union Bank of India v. Mr. G. Jayanth Kumar

Case brief

What is this about?

What did the court decide?

Union Bank of India v. Mr. G. Jayanth Kumar

Case brief

What is this about?

What did the court decide?

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