Allowed

Yes Bank Limited v. Mr. Chetpally Rajam

DRT11 Nov 2025OA/862/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal-II at Hyderabad allowed an Original Application filed by Yes Bank Limited for recovery of Rs.20,53,248.04 plus interest and costs from two respondent-defendants. The court held the defendants jointly and severally liable and directed proceeding against them and the hypothecated vehicle to realize the debt.

What did the court decide?

Directing Defendants to pay Rs.20,53,248.04 with future interest; authorizing proceeds against hypothecated vehicle and Defendants' properties; direction to issue Recovery Certificate.

Yes Bank Limited versus Mr. Chetpally Rajam — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 11TH 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: 862 OF 2025

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YES Bank Llmited., Omce at 1-8-387, 3rd Floor Agravanshi Plaza, HUDA Lane S.P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Mr. Chetpally Rajam, S/o. Salaiah Aged about 53 Years, Occ: Business R/o. H. No.1- 15, Vallapalle Village Medipalli Mandal, Karimnagar Dist-505453.

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Mrs. Chetpally Venkatamma, Wo.Raham Aged about 44 Years, Occ: Business R/o. H. No.1- 15, Vallapalle Village Medipalli l4andal, Karimnagar Dist-505453.

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...Defendants

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Counsel for the Applicant : M/s. M. Srinivas Reddy

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Defendants : Ex-parte

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:: CLLD-qL ::

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The Applicant Bank filed the^present OA for the recovery a total sum of Rs.20,53 ,248.o4ps from the defendants^jointly and severally with future interest @18o/o p.a. from 31.07.2025 till the date of realization alono with costs and in default for sale of /zltn -, - hypothecated vehicte. (1,/ {.**

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2 oA.NO.862/202s

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Summons served on D1 and 2. They were set ex-parte on 07.71.2025 as called absent and no representation.

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The Applicant Bank examined Sai pavan Gudivada, Legal Manager, as AW-1 and marked 06 documents through him as Ex. A.1 to Ex. 4.06.

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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 enti ed for the claim made in the OA against the Defendants and OA hypothecated vehicle?

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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.06 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jolntly 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.862/2025 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.20,53,248.04ps with future interest @11.08o/o p.a. simple from the date of apptication ti the date of rcatizatioty/kif-

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oA.NO.862/2025

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ii) the OA claim is secured bY way of hypothecation of vehicle 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 within2 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^{mein the open court on} thisthellthDayof November,2o2s).

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frXr*, (MT'tESHWAR KOTHE) PRESIDING OFFICER

Yes Bank Limited v. Mr. Chetpally Rajam

Case brief

What is this about?

What did the court decide?

Yes Bank Limited v. Mr. Chetpally Rajam

Case brief

What is this about?

What did the court decide?

What the court decided

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