Allowed

Axis Bank Ltd. v. Mohammed Shoab

DRT20 Nov 2025OA/83/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal disposed of an ex-parte Original Application filed by Axis Bank against Mohammed Shoab for the recovery of a loan sum of Rs. 25,91,506/- along with interest, declaring the defendant liable to pay the amount and secured by hypothecated vehicles.

What did the court decide?

Defendant to pay Rs. 25,91,506/- with future interest at 15.50% p.a.; title to hypothecated vehicles and other properties encumbered in favour of Applicant Bank.

Axis Bank Ltd. versus Mohammed Shoab — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 2OTH 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: 83 OF 2025

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Axis Bank Ltd., Having its Office at 5-2-183/184 3'd Floor, Modi Square, S.P.Road Secunderabad Mandal, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Mohammed Shoab, S/o. Mohammed Altaf Age 38 Years, Occ: Business H. No.18-7- 198/a /282/7, ralabkatta Sultan Shaji, Charminar, Hyderabad Telangana - 500065.

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Also at:-

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Mohammed Shoab, S/o. Mohammed Altaf Age 38 Years, Occ: Business shoab Impax, H.No.22-6-338/A Shop No.5, Pathergatti, Hyderabad - 500002.

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...Defendant

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: M/s. Lotus Law Associates Counsel for the Applicant 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.25.91,506/- from the defendant with future interest @15.50/o^p.a. compounded with monthly rests from the date of application till the date of realization alqng with costs and in defautt for sate of hypotheca teo vehictfrv$a

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oA.NO.83/202s

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Summon served on sole defendant and was set ex-parte on 24.06.2025 as called absent and no representation.

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The Applicant Bank examined Syed Shafiuddin, tvlanager, AS AW-1 and marked 06 documents through him as Ex.A.1 to Ex.A.06.

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Ld. Counsel for the Applicant Bank stated orders may be passed on 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 the OA against the Defendant and OA hypothecated vehicle?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to 4.06 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is 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.83/2025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.25,91,506/- with future interest @15.50o/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 hypothecation of vehicle qescribed in the

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oA.NO.83/202s

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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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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 20th Day of November, 2025).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Axis Bank Ltd. v. Mohammed Shoab

Case brief

What is this about?

What did the court decide?

Axis Bank Ltd. v. Mohammed Shoab

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Statutes considered

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Case details

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