Allowed

M/S. Indusind Bank Limited v. M/S. Vaishali Enterprise

DRT21 Nov 2025OA/542/2025

Case brief

AI extract

What is this about?

DT Tribunal allowed the Original Application filed by IndusInd Bank for recovery of dues amounting to Rs. 2.63 crores with future interest from the joint and several defendants. The bank is directed to file a cost memo within two weeks.

What did the court decide?

Defendants ordered to pay Rs. 2,63,21,668 with future interest; bank entitled to proceed against auctioned or mortgaged properties and personal properties for recovery; costs awarded to applicant.

M/S. Indusind Bank Limited versus M/S. Vaishali Enterprise — Cheque Dishonour | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 21ST DAY OF NOVEMBER, 2025

¶2

PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (Hons. ), IY,A. PRESiDING OFFICER

¶3

ORIGINAL APPLICATION No: 542 OF 2O2S

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M/s. Indusind Bank Limited., Branch Office at D. No.1-0-72 3rd Floor, Ashoka lanardhan Chambers Begumpet, Hyderabad - 5OOO 16. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Vaishali Enterprise., Rep by its^proprietor Mr. Chityala Ramulu, Situated at Shop No.8-5_290 opp. city caf6 Hotel, old Bowenpa y Secunderabad - 500011.

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Mr. Chityala Ramulu, S/o.Sri Raja Reddy Aged Major, Occ: Business

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R/o. Flat No.201, 2nd Ftoor

¶10

Sri Venkateshwara Towers, Sri Chaitanya Academy, Survey No.48/1, 4B/2 &,4B/4 Bahadurguda Village, Saroornagar Revenue Mandal, Under GHMC L B Nagar Circle Ranga Reddy District - 500035.

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Also at:-

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P.No. 148/P, Jayabheri^park, Kompa y Secunderabad - 500100.

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Also at:-

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Flat No.101, First Floor, sai Nilayam Opp Game Theory, Beside Alef Musicals Churchlane, layabheri par, Kompally Secunderabad - 500100.

¶15

Flrs. Chityala Padma, W/o. Sri Chityala Ramulu, Aged Major, Occ: Business

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R/o. Flat No.203, Celebrity Homes /M,z'w / // '^(.:tr l./

¶17

oA.NO.542l2025

¶18

Godavari Homes,^leedimetla Suchitra, Hydera^bad -^500055.

¶19

... Defendants

¶20

Counsel for the^APPlicant

:lvl/s. M. Srinivas

Defendants

:Ex-parte

:: (LLD_LL ::

The Applicant Bank^{filed the present OA for the recovery a total} sum of Rs.2,63,21,668/-^{towards Cash Credlt Facility from the} defendants^{jointly and severallywith future interest @11.25%} p.a. from the date of application till^{the date of realizationalong} with costs and in default^{for saleof OA schedule properties.}

¶26

Summons served on^D1 to^{3 through paper publication. They} were set ex-parte on 09.10.2025^{as called absentand no} representation.

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The Appllcant Bank examined^{GVL Prassanna,LegalManager,} as AW-1 and marked 12 documents^{through her as Ex. A 1 t0} Ex. A.12.

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

¶29

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 properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the_documents //X$n/-,.{/\

///''i' l-/

.,ffi[]iffi

In the result, the present orio allowed as under: _ -r 'ginal Appiication No.542/2o25 is

¶36

i) the Defendants ar( riabre to pay ",r.;rJi;.jl *,1jH":; Rs.2,63,21,66g/_ towards Cash Credit Facitity with future interest @9.250lo p.a. simple from

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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 bank is} entitled to^{proceedagainst the same to} realise^{its debU}

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iii)^{the applicant bank is also entitled to proceed} against^{the person and proPertiesof} dtf"ndunt'^{for realization of its dues;}

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iv)^{the applicant bank is entitled for the costs'}

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The^{Applicant Bank is directed to file Cost Memo within2 weeks}

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8, ,roa^{,n" date of receipt of this order'}

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e.^{rssue Recoverycertiricate *"'fflpip}

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oA.No.s42/2025

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¶46

Communicate a copy^{of this order to the parties concerned'} (Dictated to the steno, coriected, signed^{and pronounced by me in the open courton} this the 21't Day of November, 2025).

¶47

fu3o

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1'\

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(RAMESHWAR KOTHE) PRESIDING OFFICER

M/S. Indusind Bank Limited v. M/S. Vaishali Enterprise

Case brief

What is this about?

What did the court decide?

M/S. Indusind Bank Limited v. M/S. Vaishali Enterprise

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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