Allowed

M/s. Idbi Bank Limited, v. Smt. Meenakshi Bodanna Chandraiah

DRT17 Jun 2026OA/153/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application for recovery of a principal sum with interest. The court held the defining liability to pay and authorized proceedings against mortgaged property and personal assets following an ex-parte hearing.

What did the court decide?

Defendants jointly and severally ordered to pay Rs. 82,95,312.35 with interest; applicant entitled to proceed against mortgaged property and personal assets; recovery certificate issued.

M/s. Idbi Bank Limited, versus Smt. Meenakshi Bodanna… — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDEMBAD DATED THIS THE 17TH DAY OF JUNE, 2026

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PRESENT: SH. RAtvIESHWAR KOTHE, B.Com. L.LB. (Hons.). M.A

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 153 OF 2026

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M/s. IDBI Bank Limited, Woild Trade Registered Office Complex, at IDBI Tower ' Cuffe Parade, Mumbai - 4OOO05 And a branch office at Beside Big Bazar, L B Nagar, Mansoorabad X Roads, Hyderabad - 500074, Represented by its power of Attorney Holder .. .....Applica nt

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Versus

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Smt. Meenakshi Bodanna Chandraiah W/o. V. Gajendra Kumar Aged about 45 years, Occ: Business R/o..H. No.8-2-69 3/Z/3/C-st, Road No.12, Mithila Nagar, Banjara Hills, Khairatabad post Hyderabad - 500034, Telangana State

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ALSO AT:

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Smt. Iv'leenakshi Bodanna Chandraiah W,/o. V. cajendra Kumar Aged about 45 years, Occ: Business H.No.1-8-77l1 Otd, H.No.1-B_77 & 7_8-77/7 Temple Atwat, Matkajgiri I4andat, Hyderabad- 5OOO10, Ranga Reddy District

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ALSO AT:

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Smt. Meenaksh i Bodanna Chandraiah W/o. V. Gajendra Kumar Aged about 45 years, Occ: Business H. No.8- 1-284/412, OU Cotony, Shaikpet, Hyderabad-5OOOOB

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Mr. Mohan Kumar Venkatesh Babu

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,2x-..r A i'\'

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oA.No.153/2026

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Aoed about³¹ Years,^{Occ: Business} C7o.^{ventatetn Babu S, ward No 13} Veeranjaneya^{TemPle Street,} Son nashettih^{alli, Chlntamanl,} CnittaOattapu.s63125,^{Karnataka State}

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ALSO AT: r.,ri. f,f onun Kumar^{VenkateshBabu}

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Aoed about³¹ Years,^Occ:Business ir""i rtro.zos,^{siii Green JewelApartments} ...Defendants iiJ"pirri -^{522so1, GunturDistrict' AP}

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: Mr. V.^SureshBabu Counsel^{for the APPlicant}

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Counsel^{for the Defendants}

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:Ex-Parte

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:: ORDER^::

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The Applicant^{Bank filed the present oA for the recovery a total} sum of^{Rs. a2,g5,3l2'35ps from defendants 1 & 2 with future} interest @18o/o^{p.a. with monthly rests from 04'01'2026till the} date of^{realization along withcosts and' in default'sale of oA} mortgaged ProPerty'

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Summon^{served on Defendants 1& 2 and were set exparteon} 76.06.2026as^{called absent and no rePresentation'}

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The Applicant^{Bank examinedMr' SomisettySreenivas'} Assistant^{Generat Manager,as AW-1 and marked17 documents} through^{them as Ex'A'1to Ex'A 17'}

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Heard^ex-Parte arguments^{from the Ld Counsel of the} Perused^{the materialplaced on record'}

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Applicant^{Ba nk.}

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The^{point that arises for consideration}

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q(blh

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oA.NO.153/2026

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Whether the Appticant Bank is entitled for the claim made in the OA against the Defendants and OA mortgaged property?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.17 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Originat Application No.153/2026 is allowed as under: -

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i) The Defendants 1& 2 are joinfly and severally liable to pay to the Applicant Bank a sum Rs.82,95,312.35 ps with future interest @9.10o/o 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 mortgage of property as 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 entiued to proceed against the person and properties of defendants for reatization or its oues1fu.o,ot\

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oA.NO.1s3/2025

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iv) the applicant^{bank is entitledfor the costs'}

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B. The Applicant^{Bank is directed to file CostMemowithin2 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'}

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pronounced^{Uv mgil the open court on} (Dictated to the^{steno, corrected,signedand} this the^{LTth DaYof lune, 2026)'}

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f1q66.s>\ SHWA'R KOTHE) PRESIDING^OFFICER

M/s. Idbi Bank Limited, v. Smt. Meenakshi Bodanna Chandraiah

Case brief

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M/s. Idbi Bank Limited, v. Smt. Meenakshi Bodanna Chandraiah

Case brief

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