The Debts Recovery Tribunal allowed an original application filed by IDBI Bank to recover Rs. 38,92,749.97 along with interest from two borrowers and a guarantor who defaulted on loans and mortgage agreements.
Recovery of Rs.38,92,749.97 plus interest at 12% per annum directed; defendants liable to pay costs and execution of Recovery Certificate issued.
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_ I AT HYDERABAD
DATED THIS THE 17th DAY OF APRIL, 2026
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA. No. 179 OF 2026
Between :
lDBl Bank Ltd, Regional Office at - Gachibowli, Hyderabad,
Represented by its Assistant General Manager
Applicant
VERSUS
Age 55 years, Occ. Business,
Gender Male,
R/o. H.No.24-121911
Gandhi Nagar,
Hanamkonda - 506 001 .
Wo. V. Someshwar Rao
Age 52 years, Occ. House wife,
Gender Female,
R/o. H.No.2-4-121911,
Gandhi Nagar,
Hanamkonda - 506 001
Defendants {"%--"q\ .Y17APfr)rw Q',q-#
(oA. No. 17912026)
Counsel for the parties :
| For TheApplicant | K.P Saradhi. |
|---|---|
| FortheDefendant | Exparte |
| Reservedon | 16.04.2026 |
| Pronouncedon | 17.04.2026 |
| Uploadinwebsiteon | 17.04.2026 |
ORDER
(oA. No. u9l2026)
Applicant Bank. The Defendants avaired Housing Loan of Rs.10,40,000/- repayabte in 180 monthty instailments of Rs. 12'315r- together with interest @11.750/o p.a with monthry rests and renewed the cash credit facility to Rs.12.00 Lakhs and executed Loan Agreement dated 10.02.2015 in favor of the Applicant Bank. The defendants enhanced and renewed the above mentioned cash credit facility from time to time and lasfly renewed to Rs.32.00 Lakhs with interest @1O.4Oo/o p.a with monthly rests and executed Sanction Latter dated 30.4.2022 in favor of the applicant Bank. The Defendants created Equitable Mortgage morefu[y mentioned in schedure of properties to OA and executed Memorandum of Deposit of Tifle Deeds dated 07.08.2020 in favor of the Applicant Bank and the defendants deposited originar registered sare deed dated 29.10.2009 in favor of the Appticant Bank. After avaiting the toan facitity, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NpA on 03.07.2025 and issued Loan Recall Notice dated O4.OI.2O2S to the defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.
- Defendants called absent and set exparte on 16.04.2026.
Assistant General Manager of the Applicant
imself as AW.1 and exhibited relevant
'f6cumer€ wnicn'
ed as Ex.A.1 to A.20.
llRpR M
3
d
(oA. No. u9l2026)
- The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendants as prayed for?
- Defendants remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Appticant Bank was examined and he exhibited relevant documents as Ex.A.1 to A.20. ln view of the above, I hold that the Appticant Bank has established their claim made in the oA against the Defendants and hence the Applicant Bank is entifled to recover the claim made in the OA with future interest and costs.
The Defendants No. 1 and 2 are joinfly and severally liable to pay to the Applicant Bank a total sum of Rs.3g,g2,74g.97 ps. (Rupees Thirty Eight Lakhs Eighty Two Thousand Seven Hundred Forty Eight and paise Ninety Seven Onty) together with subsequent interest @12.00% p.a from 03.01.2026 till the date of realization.
6
lP
Bank is entitled to proceed against the as mentioned in the Schedule of towards realization of the debt due.
(oA. No. 17912025)
- The Applicant shail fire a cost memo within two weeks from the date of receipt of order.
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 17h day of Apr, 2026)
sd/(c. coPtcHAND) PRESIDING OFFTCER
(l,e'(4'*;rRUECOPY
Attt.ftrg/ls
t!2r.t, $Y9SRABAO.
2 issues framed by the court
Whether the applicant bank is entitled to recover the claimed amount against the defendants as prayed for?
Whether the bank can proceed against specific property and the persons of the defendants for realization of debt.
IDBI Bank Ltd, Regional Office at - Gachibowli, Hyderabad
Veeramaneni Someshwar Rao
Veeramaneni Bhulaxmi
Sri Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
