Allowed

Bank of Maharashtra v. Mr. Muli Gangi Reddy

DRT10 Dec 2025OA/536/2025

Case brief

AI extract

What is this about?

This Order allows an Original Application filed by Bank of Maharashtra for recovery of home loan dues. Dismissing the defense due to absence, the Tribunal held the defendants liable and ordered payment of the principal sum, future interest, and allowed the bank to proceed against the mortgaged property.

What did the court decide?

Direction to pay Rs. 2,73,32,252/- plus future interest and costs; permission to proceed against mortgaged property and personal assets.

Bank of Maharashtra versus Mr. Muli Gangi Reddy — Contract and Commercial Disputes | DRT (2025)

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

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

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ORIGINAL APPLICATION No: 536 OF 2025

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Bank of lvlaharashtra Kukatpally branch, Hydera bad, Represented by its Authorized Signatory

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......Applicant.

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Versus

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1, I4T. 14ULI GANGI REDDY S/O, SRI. MULI GANGI REDDY, SEX: I4ALE, AGED 40 YEARS, OCC: BUSINESS, FIat No. 602, Sadguru Nilayam, Jayanaga r, Leo Bike Zone, Kukatpa lly, HYDERABAD^_ 5OOO72, Telangana State.

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Also at:

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Mr, l.4U LI GANGI REDDY S/O. SRI. MULI GANGI REDDY, H.No. 1-58/145/1, Plot No. 145/1, Sy. No. 228, 229/7, Neat Pranaam Hospital, lvladeenaguda, Serilinga m pa lli lvlandal, Ranga Reddy District - 500049, Telangana State.

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Smt. SHILPA PALAGIRI, W/o. Mr. I4ULI GANGI REDDY SEX: FEMALE, AGED YEARS, OCC: HOUSEWIFE, FIat No,602, Sadguru Nilayam, Jayanagar, Leo Bike Zone, Kukatpally, HYDERABAD - 5OOO72, Telangana State.

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Also at: Smt. SHILPA PALAGIRI,

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OY^*

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oA.NO.535/202s

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W/o. Mr. MULI GANGI REDDY, H.No. 1-58/145/1, Ptot No. 145/1, Sy. No. 228, 22911, Neat Pranaam Hospital, Madeenaguda, Serillngampalli Mandal, Ranga Reddy District - 500049, Telangana State.

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... Defendants

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Counsel for the Applicant Mr. Momin Mohammed Rafiq

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Cou nsel for the Defendants Ex- pa rte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs. 2,73,32,252/- from the defendants joinUy and severally towards home loan facility with future interest @7.10o/o^per annum rate compounded monthly from the date of application till the date of realization along with costs and in default sale of OA schedule property.

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Summon served on D1 and 2 and was set ex-parte on 03.09.2025 as called absent and no representation.

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The Applicant Bank examined Mr. K.V.S Sastry, Chief Manager, as AW-1 and marked 16 documents through him as Ex.A.1 to Ex.A.16.

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Heard the ex-parte argument from the Ld. Counsel of the applicant. Perused the material placed on recoTd.

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5, 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 Oy**

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oa,No.535/2025

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the Defendants and OA mortgaged 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.16 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are 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 Application No.536/2025 is allowed as under: -

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i) The Defendants are liable to pay to the Applicant Bank a sum of Rs. 2,73,32,252/towards home Loan Facility with future interest @ 7.!0o/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 property described in the schedule annexed to the OA and the applicant is entitled to proceed against the same to realise its debU

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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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4ffi:,'e

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oA.NO.s35l202s

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B. The Applicant Bank is directed to file Cost lvlemo 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.

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(Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 1.0'h Day of December, 2025)

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,.,'-'ll" ' '"''

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Maharashtra v. Mr. Muli Gangi Reddy

Case brief

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Bank of Maharashtra v. Mr. Muli Gangi Reddy

Case brief

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