The Tribunal allowed an Original Application filed by Indian Overseas Bank for recovery of a home loan debt of Rs. 50,21,716.00 with future interest and costs against the defaulting defendant.
Ordered Defendant to pay Rs. 50,21,716.00 with future interest, allowing proceedings against mortgaged and other properties, and issued Recovery Certificate.
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 - IAT HYDERABAD DATED THIS THE 13th DAY OF APRIL, 2026
PRESENT: SRt GUMMADT cOpICHAND, pRES|DtNG OFFTCER
OA. No. 171OF 2026
| Between: | |
|---|---|
| lndianOverseasBank, MaredpallyBranch, PlotNo. 48, |
|
| Sarva Sukhi Colony, West Maredpally, |
|
| Secunderabad,Telanagana-500 026 | |
| RepresentedbyitsChief Manager | Applicant |
| VERSUS | |
| Mr. Burra Mahesh, | |
| S/o. Burra Srinivas, | |
| Aged32years,Occ.Business, | |
| R/o. H.No. 3-19,Aroor Village, | |
| Valigonda,Yadadri-BhuvangiriDistrict, Telangana-508 112 |
Defendant |
| Counsel fortheparties: | |
| For TheApplicant SubrahmanyamKurella |
|
| FortheDefendant Reservedon Pronounced Exparte 08.04.2026 13.04.2026 |
|
| TJApR2[26:* ,. 15.04.2026 Uploadin |
(oA. No. 17112026)
ORDER
As per the avermentsin the application, the Applicant Bank states thatDefendant availedHome Loan facility of Rs.48,00,0001repayable in 360 equated monthlyinstallments with interest @7.15%p.a with monthly rests and executed Housing LoanAgreementdated 08'3'2021 in favor of the Applicant Bank.The Defendantcreated equitablemortgage morefully mentionedin Scheduleto OA and executed Memorandumof Deposit of Title Deeds dated10'03'2021 and the defendant depositedoriginaltitle deedsand executed Revival letter dated17.05.2023in favor of the Applicant Bank' After availing theloan facility,the defendant failed to comply the terms of sanction,hence the applicant bankclassifiedthe
on 06.06.2025and issued Legal Notice dated defendant. lnspiteof several requests and t did not clearthe outstanding.Hence this 3 APB 202[ *
(oA. No. 17112026)
The Defendant isliable to pay to the ApplicantBanka total sum of Rs.50,21,716.00 Ps'(Rupees Fifty Lakhs Twenty One Thousa and Sixteen OnlY)with future date of applicationtill the date of
(oA. No. 17112026)
(Dictated to the P.A., transcribed by her, corrected, signed andpronounced byme in the open court on this the 13h day of Apr, 2026)
sd/'
(G. GOPTCHAND)
PRESIDING OFFICER
AT*IJH
L/. e'.ut
"i?;ffino
4
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant?
1 provisions across 1 enactments
Indian Overseas Bank, Maredpally Branch
SRt Gummadt Copichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
