Allowed

Bank of Baroda v. Dasari Janardhana

DRT30 Oct 2025OA/633/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by Bank of Baroda for recovery of a loan default of Rs.27,00,544.16 along with future interest from the defendant. Given the ex-parte nature of the proceedings and the marked evidence, the Tribunal held the defendant liable to pay the amount, acknowledge the security of hypothecated assets, and permit the bank to realise dues agains

What did the court decide?

Defendant liable to pay sum of Rs.27,00,544.16 with future interest and costs; Applicant Bank entitled to proceed against hypothecated assets and defendant's properties; Recovery Certificate issued.

Bank of Baroda versus Dasari Janardhana — Arbitration | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 3Ol.H DAY OF OCTOBER, 2025 PRESENT: SH. MMESHWAR KoTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 633 OF 2025

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Bank of Baroda., Rudrampet Circle Branch D.No. 1-1488, Chakravarthy Comptex Rudrampet Circle, Anantahpuramu Andh ra Pradesh - 515004. Rep. by its Branch Manager.

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.....Applicant.

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Versus

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Dasari Janardhana, S/o. Dasari Narayana Aged about 44^years, Occ: Business R/o. 77/244, Kutaa Gu[a Vi age Kadiri Mandal, Near^post Office Ananthapuramu, Andhra pradesh - 515541.

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...Defendant

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Counsel for the Applicant : M/s.G.Venkat Sri Maithreya Defendant : Ex-parteEx-parte

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: Ex-parteEx-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.27,00,544.16ps towards Loan Alc. No. 81120600009185 from the defendant with future interest @10.90o/o^p.a. with monthty rests from 01.06.2025 ti the date of realization along with costs and in default for sale of hypothecated assets.

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Summon served on sole defendant and was set ex-parte on 03.09.2025 as ca ed absent and no reOresentariory/\3.f

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oA.NO.633/2025

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The Applicant^{Bank examined Tarini Sen Raudla'Chief} Manager, as^{AW-1 and marked 14 documentsthrouqh himas} Ex.A.1 to Ex.A.14'

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Heard the Ld.^{Counselfor the Applicant Bank Perusedthe} material Placed^{on record'}

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The^point that^{arises for consideration is:-}

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Whether the^{ApplicantBank is entitled} for the claim^{madein the OA against} the Defendant^{and OAhYPothecated} assets?

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As stated^{supra, the Defendant remainedex-parteThe} Evidence Affidavit^{coupledwith the recitalsin the documents} viz., Exs.A.1 to^{A.14 marked on behalf of the ApplicantBank} clinches the^{claimof the ApplicantBank againstthe Defendant'} Hence, I^{hold that the Defendant ls liable to pay the OA claimto} the Appllcant^{Bank with futureinterestand costs'}

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In the result,^{the present Original APplicationNo'633/2025is} allowed as^{under: -}

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The Defendant^{is liable to pay to the}

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i) Applicant Bank a^{sum of Rs.27,00,544'16ps} towards Loan A/c.^{No.81120600009185with} future interest @10.90%^{p.a simple from the} date oF application^{till the date of realization;}

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ii) the OA^{claim issecured bY way of} hypothecation of^{assets describedin the} schedule annexed^to m 91e,and the ('-,x\i-'/

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oA.NO.633/2025

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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^{within2 weeks} from the date of receipt of this Order.

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q 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^{mein the open court on} this the 30rh Day of october,^2025).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Baroda v. Dasari Janardhana

Case brief

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Bank of Baroda v. Dasari Janardhana

Case brief

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