Allowed

Bank of India v. Metari Devadas

DRT5 May 2026OA/203/2026

Case brief

AI extract

What is this about?

In an ex-parte Original Application, the Tribunal allowed the bank's claim for recovery of an outstanding home loan of Rs. 49,13,963.08 with future interest. The court held the documents furnished by the bank clinched the claim and directed the issuance of a Recovery Certificate.

What did the court decide?

The defendant was directed to pay Rs. 49,13,963.08 with future interest. A Recovery Certificate was issued. The bank was entitled to proceed against mortgage property and defendant's assets for realiz

Bank of India versus Metari Devadas — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE O5TH DAY OF MAY, 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: 203 OF 2026

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Bank of India., Boduppal Branch, Plot No.12,13 Anush Reddy Mansion, Veerareddy Nagar Boduppal, Hyderabad Telangana - 566100. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Metari Devadas, S/o. Ramulu Aged about 44 Years, occ: Business, Male R/o. 3-5-171, L B Nagar, Medchal Malkajgiri' Telangana - 500035'

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...Defendant

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: Mr. V. Sethu Madhava Rao Counsel for the Applicant Defendant : Ex- Parte

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:: g-LLE& ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.49,13,963.08ps towards Star Home Loan A/c.No.566175110000311 from the defendant with future interest @13olo p.a. with monthly rests from the date of application till the date of realization along with costs and in default for sale of OA schedule^property.

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Summon served on sole defendant and was set ex-parte on 04.O5.2026 as called absent and no representation.

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oA.NO.203/2026

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The Applicant Bank examined Gurram Srinivas, Credit Manager, as AW-1 and marked 14 documents through him as Ex.A.1 to Ex.A.14.

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Heard the Ld. Counsel for the Applicant Bank.^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 schedule property?

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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.L to A.14 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 Applicant Bank with future interest and costs.

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In the result, the present Original Application No.20312026 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.49,13,963.08ps towards Star Home Loan Nc. No. 566175110000311 with future interest @8.700lo^p.a. simple from the date of application till the date of realizationi

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ii) the OA claim is secured by way of mortgage of property described in the schedule /M"e*

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oA.NO.203/2026

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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 entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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9 Issue Recovery Certifi cate accordingly.

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10 Communicate a copy of this order to the parties concerned. (Dictated to the steno, coarected, sitned and pronounced by me in the open court on this the 05th Day of May,2026).

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X*od

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of India v. Metari Devadas

Case brief

What is this about?

What did the court decide?

Bank of India v. Metari Devadas

Case brief

What is this about?

What did the court decide?

What the court decided

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