Allowed

State Bank of India v. M/S. Mdh Motors Pvt. Ltd.

DRT19 Nov 2025OA/695/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's original application for recovery of dues totaling Rs. 6.16 crores with interest and costs, holding the defendants jointly and severally liable and directing the issuance of a Recovery Certificate.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 6,16,76,450.54 with interest; Recovery Certificate issued.

State Bank of India versus M/S. Mdh Motors Pvt. Ltd. — Execution and Attachment | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 19TH DAY OF NOVEMBER, 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: 695 0F 2025

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State Bank of India., Stressed Assets Recovery Branch D.No.54-20- 1 B/3FlU6, 3'd Floor Upstairs of KFC, Suryaprakash Square Gurunanak Nagar Road, NTR Nagar Vijayawada - 520008. Rep. by its Chief Manager.

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... . .Applica nt.

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Versus

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M/s. MDH Motors Pvt. Ltd., Rep by its Managing Director D.No.30/2025-1-14, Ward No.30 Chennai - Hyd - Bypass, Ukkapalli Patha Kadapa, Andhra Pradesh - 516002.

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Also at:-

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Sy.No.538/A-18, N H- 18, Ukkayapalli Kadapa, YSR, Andhra Pradesh - 516001.

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I4r. Shaik Mohammed Naveed S/o. Late Shaik Abdul Sattar Aged Years, Occ: Business D.No.8/164, Almaspet, Kadapa YSR District, Andhra Pradesh - 516001.

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Mrs. Shaik Mallika, W/o. Shaik l.4ohammed Naveen, Aged Years Occ: Business, D.No.8/164, Almaspet, Kadapa YSR District, Andhra Pradesh - 516001.

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Smt. Shaik Feroza Shaheen W/o. Shaik Abdul Sattar Aged Years, Occ: Business

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D. No.8/ 188- 1, Almaspet, Kadapa YSR District, Andhra Pradesh - 516001. /4ifi/.,.9 /1/'''pt* l_/

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oA.NO.695/2025

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M/s. MDH TVS., Rep by Manag ing Partner Mr. Shaik Mohammed Naveed D. No.8-195, Almaspet, Kadapa YSR Distrlct, Andhra Pradesh - 516001.

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. .. Defenda nts

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Counsel for the Applicant : Ms. B. Ramana Kumari

Defendants

:Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.6,16,76,450.54ps i.e., a sum of Rs.5,52,53,405.47ps towards WCTL A/c. No.4332817954 with future interest @12.65%^p.a. and a sum of Rs.64,23,045.07ps towards GECL A/c. No.40590024100 with future interest @11.25% p.a. from the defendants jointly and severally wtth monthly rests from 11.06.2025 till the date of realization along with costs and in default for sale of OA schedule properties.

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Summons served on D1 to 5. They were set ex-parte on 10.10.2025 as called absent and no representation.

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The Applicant Bank examined Sudhakar Kotcherla, Legal Manager, as AW-1 and marked 38 documents through him as Ex. A.1 to Ex. A.38.

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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 t"r_

^yrrt

oA.NO.695/2025

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 viz., Exs. A.1 to A.38 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally llable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Origlnal Application No.695/2025 is allowed as under:^-

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.6,16,7 6,450.54ps i.e., a sum of Rs.5,52,53,405.47ps towards WCTL A1c.No.4332817954 with future interest @12.650/o^p.a. and a sum of GECL

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Rs.64,23,045.07ps towards A/c. No.40590024100; with future interest @8.75olo^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 rearise its defi;oY\*

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oA.NO.695/202s

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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 19th Day of November, 2025).

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K'l'rne SHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. M/S. Mdh Motors Pvt. Ltd.

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Mdh Motors Pvt. Ltd.

Case brief

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