Allowed

Canara Bank v. M/S. Vijayarama Agro Traders

DRT26 Sept 2025OA/579/2024

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed Canara Bank's application for recovery of Rs. 2.02 crore plus interest and costs against respondents jointly and severally liable, directing enforcement against properties and persons.

What did the court decide?

Defendants directed to pay Rs. 2,02,39,449.60 with future interest @11.55% p.a. from application date; Recovery Certificate issued.

Canara Bank versus M/S. Vijayarama Agro Traders — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 26TH DAY OF SEPTEMBER, 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: 579 OF 2024

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Canara Bank.,

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R.P Road (Patny Circle) Branch Secunderabad - 500003, T.S. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Vijayarama Agro Traders., Rep by its Partners, Mamata Nagar Road No.2, Nagole, Medchal Malkajgiri Dist, Hyderabad - 500068.

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Mr. Cheedhara Veeranna, S/o.Cheedhara Venkateswarlu, H.No. 1 1-13-75l1Al1 Flat No.402, PVR Apsara Arcade Road No.2, Haripuri Colony, Alkapuri Nagole, Ranga Reddy Dist Hyderabad - 500035, T.S.

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Mr. Chokkarapu Vishnu Kumar S/o. Late Chokkarapu Gowri Shankar H.No.7 - L-396 / 2/ Lo / tot2/ A, MIGH BK Guda, Opp. Venkateswara Swamy Temple, S R Nagar, Hyderabad - 500038(T5). ...Defendants

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Counsel for the Appllcant : M/s. Gampa Rangaiah

Defendants

: Ex-parte

:: qLLq& ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.2,02,39,449.60ps from the defendants jointly and lfu""c

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oA.NO.579/2024

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severally with future interest @11.65010^p.a. with^monthlyrests from 01.11.2024 till the date of realizatlon along^withcostsand in default for sale of OA schedule^properties.

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Summons served on D1 and 2 through^{paperpublication,} whereas WS of D3 was forfeited on 04.07.2025 and DE^was forfeited and ex-parte on 23.09.?025 as called absent and^no representation.

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The Applicant Bank examined J.Ravinder Naik,^{Manager, as} AW-1 and marked 19 documents through him as Ex. A.1 to Ex. A.19.

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Heard the Ld. Counsel for the Applicant Bank. 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 the OA aqainst the Defendants and OA schedule properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavlt coupled wlth the recitals in the documents viz., Exs. A.1 to A.19 marked on behalf of the Applicant Bank clinches the claim of the Appllcant Bank against the Defendants. Hence, i hold that the Defendants are^jointly 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 Application No.57912024 is arowed as unaer, - fulou*n

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oA,NO ,579 /2024

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.z,02,39,449.60 ps with future interest @11.55o/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 bank 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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L 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, sitned and pronounced by me in the open court on this the 25th Day of September, 2025).

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ffrrq-..c', //,/^>GfxN- (RAMESHWAR KOTHE) PRESIDING OFFICER

Canara Bank v. M/S. Vijayarama Agro Traders

Case brief

What is this about?

What did the court decide?

Canara Bank v. M/S. Vijayarama Agro Traders

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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