Allowed

Union Bank of India v. M/S. Sri Gurudatta Earth Movers

DRT27 Nov 2025OA/889/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by Union Bank of India to recover a debt of approximately Rs. 1.95 crore from M/s. Sri Gurudatta Earth Movers after the defendant failed to appear. The court secured the claim via hypothecated assets and directed the issuance of a recovery certificate.

What did the court decide?

Defendant declared liable to pay claimed sum with interest; OA secured by hypothecation; recovery certificate issued to proceed against assets and properties.

Union Bank of India versus M/S. Sri Gurudatta Earth Movers — Company and Corporate | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 27TtI DAY OF NOVEMBER, 2025

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (HonS.). M.A. PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No: 889 OF 2025

¶4

Union Bank of India., Koti Reddy Circle Branch, Kadappa. Rep. by its Authorized Signatory.

¶5

.....Applicant.

¶6

Versus

¶7

M/s. Sri Gurudatta Earth Movers., Rep by its Proprietor, Smt. Loka Srivalli W/o. Sri.L.Satish Kumar, Aged about 33 Years, Occ: Business

¶8

H. No.761228-3-3, Flat No.104, 1st Floor Sri Lakshmi Towers, Near Parameshwara School, Ramarajupalli, Kadapa - 516003.

¶9

...Defendant

¶10

Counsel for the Applicant : Ms. Sangeeta Jaiswal

Defendant

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.1,95,6Z,22A.lops towards A/c.No.004826180000002 from the defendant with future interest @13.05o/o p.a. with monthly rests from 09.07.2025 till the date of realization along with costs and in default for sale of hypothecated assets.

¶15

Summon served on sole defendant and was set ex-parte on 26.L1.2025 as called absent and no reDresentation. /fu/,*'-

¶16

u/ f^

¶17

oA.NO.889/202s

¶18

The Applicant Bank examined D. Guru^prasad, Branch Heard, AS AW-1 and marked 21 documents through him as Ex.A.1 to Ex.A.21.

¶19

Heard the Ld. Counsel for the Applicant Bank. perused the material placed on record.

¶20

The point that arises for consideration is:-

¶21

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated assefs ?

¶22

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.21 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.

¶23

In the result, the present Original Apptication No.889/2025 is allowed as under: -

¶24

l) The Defendant is liable to pay to the Applicant Bank a sum of Rs.1,95,62,228.1ops towards A/c. No.004826180000002 with future interest @12.05o/o p.a. simple from the date of application till the date of realization;

¶25

of ii) the OA claim is secured by way hypothecation of assets described in the schedule annexed to the,.OA and the /ry^'P (-z

¶26

oA.NO.889/2025

¶27

applicant bank is entitled to proceed against the same to realise its debt;

¶28

iii) the applicant bank is also entiiled to proceed against the person and properties of defendants for realization of its dues;

¶29

iv) the applicant bank is entiiled for the costs.

¶30

B. The Applicant Bank is directed to flle Cost Memo within 2 weeks from the date of receipt of this Order.

¶31

Issue Recovery Certificate accordingly.

¶32

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 27th Day of November, 2025).

¶33

(RAMESHWAR KOTHE) PRESIDING OFFICER

¶34

Union Bank of India v. M/S. Sri Gurudatta Earth Movers

Case brief

What is this about?

What did the court decide?

Union Bank of India v. M/S. Sri Gurudatta Earth Movers

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Canara Bank versus M/S. Sree Camphor Works

Idfc First Bank Ltd. Now versus Kancharla Srinadh

Idfc First Bank Limited Now versus Sri Nidhi Carbonic Gases

Union Bank of India versus Sate Venkata Srinivas

M/S. Icici Bank Limited versus Jagannath Ram

M/S. Icici Bank Limited versus G. Jayamma