Debt Recovery Tribunal allowed the bank's application for recovery of outstanding dues against a defendant who appeared ex-parte. The court held the submitted evidence sufficient to establish liability.
The defendant is liable to pay Rs. 28,69,336/- with future interest. Defendant must pay costs. Recovery Certificate to be 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-II AT HYDEMBAD DATED THIS THE OsTH DAY OF MAY, 2026
PRESENT: SH. RAIYESHWAR KOTHE, B.Com., L.LB.(Hons.), M.A. PRESIDiNG OFFICER
Original Application No: 206 OF 2026
The Axis Bank Ltd., Having its Office at 5-4-183/784 3.d Floor, R P Road, Secunderabad - 500003. Rep. by its Authorised Signatory.
.....Applica nt
Versus
Kanneganti Praveen Kumar S/o. K. Sambasiva Rao, Aged about 39Years Occ: Private Service, R/o. H.No.9-54 Lalitha Nagar P &T colony, Dilsukhnagar Hyderabad - 500060.
Also at:-
c/o. IVY Software Development Services Ltd sth Floor, B Block, Divyasree Omega Plot No. 13/E, Survey No.13, Kondapur Near Main Road, Hyderabad - 500084.
Also at:R/o. 133-13-3671, 11th Lane Saraswatghi Nagar, Gorntla, Near Vijay Digitals, Guntur - 522034.
.... .. Defendant
Counsel for the Applicant
:lvlr. 1.4. Srinivas Reddy
Defe n da nts
:Ex-parte
C!.-B-D-E-B-::
OA,No.206/2026
with quarterly interest from the date of application till the date of realisation along with costs.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
OA.No.206/2026
Aryr:rU* /( /Y6.u' (Mf4€sHwAR KorHE) PRESIDING OFFICER
Axis Bank Ltd.
Kanneganti Praveen Kumar
RAIYESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
