Allowed

Union Bank of India v. M/S. J P Tent House

DRT18 Jul 2025OA/557/2024

Case brief

AI extract

What is this about?

Original Application in a debt recovery tribunal allowed. Defendants found jointly and severally liable to pay principal sum with future interest and costs. Recovery secured by mortgage of schedule property and against person and properties of defendants.

What did the court decide?

Interest on principal amount. Property and person of Defendants made available for realization of dues.

Union Bank of India versus M/S. J P Tent House — Banking and Recovery | DRT (2025)

¶1

, IN THE DEBTS RECOVERY^{TRIBUNAL-II AT HYDERABAD} DATED THIS THE 1BTH DAY OF^JULY,2025

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PRESENT: SH. RAMESHWAR^{KOTHE,B.COM.,L.LB. (HONS.), M.A.}

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PRESIDING OFFICER

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ORIGINAL APPLICATION^{No: 557 OF 2024}

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Union Bank of India., Madhapur Branch, HYderabad Rep. by its Authorized Signatory'

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'...'Applicant'

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Versus

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M/s. I PTent House Rep by its ProPrietrix Smt. Thaneeru Venu^Kumari

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Plot No.311/A, Ranganath^Nagar Colony, Gopanpally,^{Hyderabad-500019.}

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Also at:-

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House No.4-915/B, Marthand^Nagar Hafeezpet, MiyaPur, HYderabad.

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Smt. Thaneeru Venu^Kumari Prop M/s. I P Tent House W/o. Sri Thaneeru Prasad,^Major Plot No.31UA, Ranganath^Nagar Colony, Gopanpally, Hyderabad-500019.

¶13

Also at:-

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House No.4-915/8, Marthand^Nagar Hafeezpet, Miyapur, Hyderabad'

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Shri Gunji Paulu, S/o.^{Late Sri Gunji} Chanchu Ramaiah,^{Aged 42 Years} Rlo. l-57/26518, Sri Ram^{Nagar Colony} Near Chirac Public School, Gachi^Bowli Seri Lingampally, Kondapur,^{Hyderabad-500084.}

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... Defendants

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: M/s. P.Balaji Counsel for the Applicant

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Defendants

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'.'\tur --l .'-r :Ex-Parte^'-r-.r'-

oa.No.557 12024

:: CLLELq& ::

The Applicant Bank filed^{the present OA for the recovery a total} sum of Rs.41,07,7681-^{from the defendantsjointly and} severally with future interest @13.50o/o^{p.a. with monthlyrests} from the date of application^{till the date of realizatlonalong} with costs and in default^{for sale of OA scheduleproperty}

¶24

Summons served on^D1 to 3^{through paper publication. They} were set ex-parte on 02.04.2025^{as called absentand no} representation.

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The Applicant Bank examined Bayana Ravi Shankar,^Senior Manager, as AW-1 and^marked 12 documents through him^as Ex. A.1 to Ex. A.12.

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Ld. Counsel for the^APP|icant Bank reported orders^{may be} passed through merits. Perused the 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^{theOA against} the Defendants and OA^schedule property?

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As stated supra, the^{Defendants remained ex-parte'The} Evidence Affidavit^{coupledwith the recitalsin the documents} vlz., Exs.A.1 to A.12^{marked on behalf of the ApplicantBank} clinches the clalm of^{the Applicant Bank against the Defendants'} Hence, I hold that the^{Defendants are jointlyand severallyliable} to Dav the OA claim to the^{Appljcant Bank with future interest} /4Y$g/_,q

and costs. U'4o\t^'

oA.NO.s57l2024

'7. In the result, the present Original Application No.557/2024 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.41,07,7 68/- with future interest @ 1 1. 55o/o p.a. simple from the date of application tlll 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 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 18th Day ofJuly, 2025).

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/0%-"f

¶42

(naVesnwnR KorHE) PRESIDING OFFICER

Union Bank of India v. M/S. J P Tent House

Case brief

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Union Bank of India v. M/S. J P Tent House

Case brief

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