Debts Recovery Tribunal allowed the Originating Application filed by Canara Bank against M/s. Thirumala Traders for recovery of a loan principal of Rs.52,57,384.43 with interest and costs.
Allowed OA with costs, ordered repayment of Rs.52,57,384.43 with interest, and authorized proceeding against company assets for realization.
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 RECOVERYTRIBUNAL-I AT HYDERABAD DATED THrS THE 16rH DAy OF FEBRUARYI 2026
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.22 ol2026
Between:
Canara Bank, Nalgonda branch, Telangana state. Represented by its authorized person
Applicant
VERSUS
M/s. Thirumala Traders, Represented by its proprietor, Smt Singireddy Radhika, Wo Sudhakar Reddy Singireddy, Aged about 38 years, occ: business, R/o H. No.4- 1 0-467 , Abbasiya colony, DVK road, Mella Duppada pally road, Nalgonda - 508 001.
Also at
H.No.3-85, Melladuppalapally, Nalgonda - 508 001.
Defendant
Counsel for the Parties:
For the Applicant Ms. Sangeeta Jaiswal
For the Defendant Exparte
Reserved on
L0.02.2026 t6.02.2026 t7.02.2026
1 6 FEB 202fi
(OA.No.2212026)
ORDER
forty three only) with interest @ 13,25% p.a inclusive of penal interest @ 2olo with monthly rests from 01.11.2025 till the date of realization and in default for sale of hypothecated movables as mentioned in the schedule to OA.
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nt and set exparte on 10.02.2026.
(oA.No.22l2026)
B. In the result, the present OA is allowed with costs, as under: The Defendant is liable to pay to the Applicant Bank a total sum of Rs.52157,384.43ps (Rupees Fifty Two Lakhs Fifty Seven Thousand Three Hundred Eighty Four and paise forty three only) with interest @ Lt.25o/o p.a from 01.1L.2025 till the date of
J)
(oA.No.22l202G)
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4
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant as prayed for?
Canara Bank, Nalgonda branch
M/s. Thirumala Traders
Sri Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
