Allowed

M/S. Yes Bank Ltd. v. Mr. Allada Chandrashekar

DRT19 Jun 2026OA/166/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Application (OA) filed by Yes Bank Ltd. to recover Rs. 23,14,939.30 from Allada Chandrashekar. The court held the defendant liable and secured the claim via the hypothecated vehicle while granting a recovery certificate and costs.

What did the court decide?

The respondent is ordered to pay Rs. 23,14,939.30 with future interest; the claim is secured by the hypothecated vehicle; a Recovery Certificate is issued.

M/S. Yes Bank Ltd. versus Mr. Allada Chandrashekar — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 19TH DAY OF ]UNE, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 166 OF 2026

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N4/S. YES BANK LTD., H.No.1-8-387, 2nd Floor, Agravanshi Plaza, H[JDA Lane, S. P. Road, Secunderabad - 500003 Rep: By its Authorized Signatory

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.......Applicant

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Versus

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Mr. Allada Chand rasheka r S/o. Ka leswar Rao Aged about 37^years, Occ: Business R/o. H. No. 1-88, Nandivada, Kuda rava lli, Krishna District - 521321

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Also at:

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Ivlr. Allada Cha ndrashekar C/o, Plot No. 140-10, Citizen Colony, Ind resha m, Patancheruvu, Medak - 502319

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Also at: Mr. Allada Chand rasheka r C/o. Laxmi Traders Plot No. 230; Block A, Sai Nagar Colony, Patancheruvu, I4edak - 502319

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......Defendant

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Counsel for the Applicant : Mr. M. Srinivas Reddy Counsel for the Defendant ,E"-eurt 0W\

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oA.NO.156/2026

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs. 23,14,939.30 ps from the sole defendant with future interest @ 18o/o p.a. with monthly rests from the date of application till the date of realization along with costs, and in default, sale of OA hypothecated vehicle.

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Summon served on Sole Defendant through paper publication and was set exparte on 15.06.2026 as called absent and no representation.

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The Applicant Bank examined Mr. D. Shyam Kumar Reddy, Assistant Vice President, as AW-1 and marked 9 documents through them as Ex.A.1 to Ex.A.g.

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Heard Learned Counsel for the Applica nt. Perused the material placed 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 made in the OA against the Defendant and OA hypothecated vehicle?

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As stated supra, the Defendant remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.9 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Appticant Bank with future interest u"O ,orrrflrylOr,rU

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oA.NO.165/2026

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In the result, the present Original Application No.166/2026 is allowed as under: -

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i) The Sole Defendant is liable to pay to the Applicant Bank a Rs. 23,14,939.30 ps with future interest @ 160lo 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 vehicle as described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debU

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iii) the applicant bank is also entitled to proceed against the person and properties of defendant 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 jqtfre open court on thisthe lsth Dayof June,2026).

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7f/.sff,O5TX

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(RAffiSHWAR KoTHE) PRESIDING OFFICER

M/S. Yes Bank Ltd. v. Mr. Allada Chandrashekar

Case brief

What is this about?

What did the court decide?

M/S. Yes Bank Ltd. v. Mr. Allada Chandrashekar

Case brief

What is this about?

What did the court decide?

What the court decided

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