The Tribunal allowed the Original Application filed by Punjab National Bank for recovery of dues. The Defendants were found jointly and severally liable to pay the claimed amount with interest and costs.
Defendants to pay Rs. 58,72,704/- with future interest @ 7.75% p.a. and costs; Recovery Certificate issued to the Applicant Bank.
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-II AT HYDERABAD DATED THIS THE OsTH DAY OF FEBRUARY, 2026
PRESENT: SH. RAN,IESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 1019 OF 2025
Punjab National Bank., Asset Recovery Management Branch Hyderabad. 6-3-865, My Home Jupally 1st Floor, Greenlands, Ameerpet, Hyderabad-500016. Rep. by its Chief Manager.
.....Applicant.
Versus
oA.NO.1019/202s
2
... Defendants
Counsel for the Applicant : Mr. V. Raghu Defendants :Ex-parte
:Ex-parte
::g.,]LLEL ::
The point that arises for consideration ,r, fry'*
oA.NO.1019/2025
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule propefties?
oA.NO.1019/202s
4
10 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 05rh Day of February, 2026).
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?
Punjab National Bank
M/s. RSL Groups
Mrs. P. Srilatha
Mrs. Sravani Palakurki
Mr. Suresh Narasimulu Palakurki
Mr. Laxminarayana Narasimulu Palakurki
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
