DR Tribunal allowed the applicant bank's application for recovery of a debt of Rs. 3.78 crores and directed the issuance of a recovery certificate.
Recovery certificate issued for Rs.3,78,68,284.45 with interest and costs against the respondents and hypothecated assets.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD
DATED THIS THE l1THDAY OF JUNE' 2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.9O OF 2025
Between:
Union Bank of India, Hyderabad Main branch, P.B. No.110B-C, Siddiamber bazar, Hyderabad -500 012. TS. Represented by its chief Manager
Applicant
VERSUS
- M/s. Suryodaya InFra Projects (I) Pvt Ltd, Represented by its Directors, D.no.7 -l-644, plot no.45, 1tt floor, sunder nagar colony, Near ESI hospital,
Hyderabad - 500 038.
J.) SmtBezwada Sailaja, Occ: director at M/s Suryodaya Infra Projects (I) Pvt Ltd, D.No.7-1-644, Plot no.45,
1tt floor, sunder nagar co
Near ESI hospital,
Hyderabad - 500 03 frf Defendants
*
Ul *
1 JUN ?t.n
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.. 1r ._ r; i.
(oA.No.90/202s)
Counsel for the Pa rties:
For the Applicant
For the Defendants
Sri K. Santhosh
Expa rte
ORDER
Crores Seventy Eight Lakhs Sixty Eight thousand Two Hundred
Eighty four and paiseonly) with interest @ 10.55o/op.a with monthly rests from date of application till the date of realization and in default for sale of hypothecated movables as mentioned in the schedule to OA.
(oA.No.90/202s)
B. In the resu is allowed with costs, as under: The De ntly verally liable to pay to the Applicant aant {itttat }! 9t,Rs.3,za, 284.45ps (Rupees Three Crores
(oA.No.90/202s)
Seventy Eight Lakhs Sixty Eight thousand TwoHundred Eighty
four and paise only) with interest @10.55o/o p.a fromdate of application till the date of realization.
(Dictated to the P.A., transcribed by her, corrected,signed and pronounced by me in the open court on this the llthday of lune'2025)
sd/(G. GOPICHAND) PRESIDING OFFICER
2 issues framed by the court
Whether the applicant bank is entitled to recover the claim made in the originall application against the defendants?
Whether the applicant bank is entitled to proceed against hypothecated movables and properties of the defendants for realization of debt due?
Union Bank of India
M/s. Suryodaya InFra Projects (I) Pvt Ltd
Sri Bezwada Rajendra Prasad Rao
Smt. Bezwada Sailaja
Gummadl Goplchand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
