Allowed

Hdfc Bank Ltd. v. Bhavani Traders.

DRT14 Jul 2026OA/107/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed HDFC Bank Ltd.'s Original Application No. 107 of 2026. Holding the Defendants jointly and severally liable, the Tribunal directed payment of the claimed sum with interest and granted the Bank security over hypothecated assets and its recovery certificate.

What did the court decide?

Defendants directed to pay Rs. 1,18,03,613.63 with future interest at 11% p.a.; OA claim secured by hypothecated assets; Recovery Certificate issued; Cost Memo directed.

Hdfc Bank Ltd. versus Bhavani Traders. — Specific Performance | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 14IH DAY OF JULY, 2026 PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATIoN No: 107 oF 2026

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HDFC Bank Ltd., # 7-70-60/3, 3,d Ftoor, Suryodaya Complex, Opp. Shoppers StoD Begumpet, Hyderabad - 500d 16. Rep. by its Authorized Signatory.

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.....Applica nt.

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Versus

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Bhavani Traders., Rep by its^proprietor H.No. 7-t-644/6, Sundar Nagar SR Nagar, Hyderabad _ 500038.

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Myneni Nageshwar Rao, S/o. Badraiah Age 51^years, Occ: Business H.No. 7-t-644/6, Sundar Nagar SR Nagar, Hyderabad _ 500038.

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... Defendants

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Counsel for the Applicant

Defendants

Dr. M. P. Kashyap

Ex- pa rte

:: oRDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.1,18.03,613.63ps from the defendants joinuy and severally with future interest @9olo p.a. compounded with monthly rests from the date of application till the date of realization along with iqgsts and in default for sate of hypothecated urr.tt. /\o-r.*

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oA.NO.107/2026

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paper publication.^They

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1. Summons^{served on D1 and 2 through} calted absent^{and no}

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were set^{ex-parte on 25 06 2026as} representation.

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The Applicant^{Bank examinedSwetha Tirunagari'Legal} Manager,^{as AW-1 and marked 09 documentsthrough her as} Ex. A.1 to^{Ex' A.09.}

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Ld. Counsel^{for the Applicant Bank submittedthelr written} arguments.^{Perusedthe materialplaced 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^{madein the OA against} the Defendants^{and OA hypothecated} assets^?

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As stated supra.^{the Defendantsremained ex-parteThe} Evidence Affidavit^{coupled with the recitals in the documents} viz., Exs. A.1^{to A.09 marked on behalf of the ApplicantBank} clinches the^{claim of the Applicant Bank against the Defendants'} Hence, I^{hold that the Defendantsare jointly and severallyliable} 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'107/2026ls} allowed as^{under: -}

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i) The Defendants^{are jointly and severally} liable to^pay to^{the Applicant Banka sum of} Rs.1,18,03,613'63ps^{with future interest} M.o,r\

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oA.NO.107/2026

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@11olo^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 assets 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^propertiesof 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 14th Day of July, 2026).

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.t[I\

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ESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Bhavani Traders.

Case brief

What is this about?

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Hdfc Bank Ltd. v. Bhavani Traders.

Case brief

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