The Debts Recovery Tribunal allowed Axis Bank's original application against SSEarthMovers and Regalla Suraiah for recovery of Rs. 30,21,233 along with future interest, citing ex-parte evidence of default.
Respondents held jointly and severally liable to pay Rs. 30,21,233 with future interest at 13.6% p.a. and costs.
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 14TH DAY OF AUGUST, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (HonS.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION NO: 1075 OF 2025
The Axis Bank Ltd., Having it Office at 5-4-183/184, 3'd Floor Modi Square, R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
.....Appltcant.
| Versus | |
|---|---|
| 1. | SSEarthMovers., RepbyitsProprietor,Regalla Satheesh S/o.Suraiah,H.No.5-1-60/ 1, Kaviraj Nagar, Khammam,Telangana-507002. |
| Alsoat:- SSEarthMovers., RepbyitsProprietor,Regalla Satheesh S/o.Suraiah,H.No.15-7-354,Rotary Nagar,Khanapuram Haveli,Khamma Telangana-507002. |
|
| 2. | RegallaSuraiah,S/o.Sambalah Age59 Years,Occ:Business H.No.15-7-354,RotaryNagar,Khanapuram Haveli,Khamma, Telangana-507002- ...Defendants |
| Counselfor theApplicant :M/s.LotusLaw Associates |
|
| Defendants :Ex-parte |
|
| 1. | ::q-LLEL:: TheApplicantBankfiledthepresentOAfor therecoveryatotal |
| sumofRs.30,21,233/-frcmthedefendantsjointlyand .l |
oA.NO.1075/202s
2
severally with future interest @13.59olop.a. compoundedwith monthly rests from the date of application till the dateof realization along with costs and in default for saleof hypothecated assets.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
oA.No.r0)BhN
K*ou
ESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claim against the Defendants and hypothecated assets?
Axis Bank Ltd.
SSEarthMovers.
Regalla Suraiah
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
