Allowed

Hdfc Bank Ltd. v. M/s. Global Infra

DRT9 Jun 2026OA/216/2026

Case brief

AI extract

What is this about?

DRT-II Hyderabad allowed the applicant bank's recovery application, holding defendants jointly and severally liable to pay Rs.30.66 lakhs plus future interest and costs, granting recovery certificate against assets and persons.

What did the court decide?

Direct payment of Rs.30,65,841.79 with future interest, entitlement to realize dues from hypothecated assets and defendants' properties, and issuance of recovery certificate.

Hdfc Bank Ltd. versus M/s. Global Infra — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT^HYDERABAD

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DATED THIS THE O9TH DAY OF JUNE, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.COM.,^{L.LB. (HONS.),14.A.} PRESIDING OFFICER

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ORIGINAL APPLICATION No: 216 OF 2026

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HDFC Bank Ltd., Bank House, Department For Special Operations, H.No.6-3-246 & 6-3-244/^A 3d Floor, Roxana Palladium, Hyderabad-500034. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Global Infra., Rep by its Partners, Plot No.410 Flat No.405/8, Block A. Sumanth Sai Style Home, Road No.10/A Nizampet Village, Bachupally Mandal Medchal Malkajgiri-500090, Telangana^State.

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Also at:^-

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M/s. Global Infra., H.No, 16-3-216/A, Plot No. 7, Vasanth Nagar, Road No.3, Kukatpally, Hyderabad Medchal Malkajgiri - 500085, Telangana State.

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Vodnala Ramesh Kumar S/o. V. Shankaraiah, Age^Major Gender Male, H.No.3-33/2, Sulthanpur Eligedu Mandal, Karimnagar District-505525.

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Also at:-

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Plot No.7, H. No.16-3-213/A, Dharmareddy Colony, Kukatpally, Hyderabad,^Medchal Malkajgiri - 500082, Telangana State.

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Nagavenkata Satish Penumarthi S/o. P. Venkateshwara Rao,^{Age Male} H.No.3-1 1411, Krishnayapalem Teadepalligudem, West Godavari District Andhra^pradesh - 534146.

...Defendants

ffir,

oA.NO.216/2025

counsel for the Applicant

: Mr. Sangepu Ramesh

Defendants

: Ex-parte

::^qLLEL ::

The Applicant Bank filed the^present OA for^{the recoverya total} sum of Rs.30,65,841.79ps as on 01.09.2025^fromthe defendants^jointly and severally^with future^interest @18o/o^p.a. from 01.09.2025 till the date of realization along^withcostsand in default for sale of hypothecated Assets.

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Summons served on D1 to 3. They were set ex-parte^on 08.06.2026 as called absent and^{no representation.}

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The Applicant Bank examined Srikanth Sukhavasi,^Legal [4anager, as AW-1 and marked 14 documents through^himas Ex. A.1 to Ex. A.14.

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Heard the Ld. Counsel for the Applicant Bank.^Perusedthe 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 Defendants and OA hypothecated assets?

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As stated supra, the Defendants remained ex-parte.^The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.14 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jointly and severally liable to^pay the OA claim to the Applicant Bro-k with future interest and costs. /,D<,.'u (_)/ 'q'v^"

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oA.NO.215l2025

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In the result, the present Original Application No.21612026 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.30,65,841.79ps with future interest @10olo 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 assets described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its deb|

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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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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. li[lx'i:;:ffi :',"i?":"rH:j*'signedandpronounced',ffi:;-

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(RffqESHWAR KorHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. M/s. Global Infra

Case brief

What is this about?

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Hdfc Bank Ltd. v. M/s. Global Infra

Case brief

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What did the court decide?

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