Allowed

Bank of India v. M/s. Chaitanya Metal Industries.

DRT13 Aug 2026OA/241/2026

Case brief

AI extract

What is this about?

The Tribunal allowed an original application filed by Bank of India for recovery of dues totaling Rs. 1.43 crore from multiple respondents. The respondents, having remained ex-parte, were held jointly and severally liable to pay the outstanding principal, interest, and costs. A recovery certificate was issued.

What did the court decide?

Defendants held jointly and severally liable to pay Rs. 1.43 crore with interest and costs; Recovery Certificate issued.

Bank of India versus M/s. Chaitanya Metal Industries. — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 13TH DAY OF AUGUST, 2026

¶2

PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRES]DING OFFICER

¶3

ORIGINAL APPLICATION No: 241 OF 2026

¶4

Bank of India.,

¶5

Ground Floor, Secunderabad, Mahatma Gandhi Road, Secunderabad, Hyderabad, Telangana-500003. Rep. by its Authorized Signatory.

¶6

.....Applicant.

¶7

Versus

¶8

M/s. Chaitanya Metal Industries., Rep by its Managing^partner, Office at H.No.5-4-143, Plot No.23, Kamala Nagar Vanasthalipuram, Ranga Reddy, Hyderabad Telangana - 500070.

¶9

Sri. Bomma Krishna Chaitanya S/o. Sri. Bomma Laxmaiah, H.No.5-4-143 Plot No.23, Kamala Nagar, Vanasthalipuram Ranga Reddy, Hyderabad, Telangana - 500070.

¶10

Also at:-

¶11

Sri. Bomma Krishna Chaitanya S/o. Sri. Bomma Laxmaiah, Flat No.I-3 Trendset Vantage, Road No.14, Banjara Hills Hyderabad, Telangana - 500034.

¶12

Smt. Bomma Spoorthy, D/o. Sri Bomma Laxmaiah, H.No.5-4-143, Plot No.23 Kamala Nagar, Vanasthalipuram Ranga Reddy, Hyderabad, Telangana - 500070.

¶13

Also at:-

¶14

Smt. Bomma Spoorthy, D/o. Sri Bomma Laxmaiah, Flat No.I-3, Trendset Vantage Road No.14, Banjara Hills Hyderabad, Telangana - 500034.^L\5,u

¶15

oA,NO.241l2026

¶16

Srl. Goli Sanjeeva,^{S/o. Sri. Goli} Ramaswamy, H.No.2-7^{-AU 1O/74} Suryapet, ShirishauPs,^Nalgonda Telangana - 508213.

¶17

Sri. Nagamalla^{Venkanna, S/o. Sri.} Nagamalla Sriramulu,^{H. No.2-7-9911} Shirisha Ups, SuryaPet,^Nalgonda Telangana - 508213.

¶18

Smt. Bomma Venkamma,^W/o.Sri Bomma Danaiah, H. No.3-6-¹²¹ Sanjay Nagar, SuryaPet,^Nalgonda Telangana - 508213.

¶19

Sri. Bomma^{Laxmaiah, S/o. Sri.} Bomma Danaiah, H.No.4-143,^{Plot No.23} Kamala Nagar, Vanasthalipuram,^Hayathnagar Ranga Reddy, Telangana -^500070.

¶20

Also at:-

¶21

Sri. Bomma Laxmaiah,^{S/o. Sri. Bomma} Danaiah, Flat No.I-3,^{Trendset Vantage} Road No.14, Banjara Hllls Hyderabad, Telangana - 500034.

¶22

Sri. Bomma Puneeth H.No.5-4-143, Plot No.23,^Kamala Nagar, Vanasthalipu ra m, Ranga Reddy, Hyderabad,^Telangana -^500070.

¶23

Also at:Sri. Bomma Puneeth Flat No.I-3, Trendset Vantage Road No.14, Banjara Hills Hyderabad, Telanga na - 500034.

¶24

I4s. Nelapatla Lalitha H.No. 3-5-136/A/1, Jammigadda Suryapet, Nalgonda, Telangana -^508213. ...DeFendants

¶25

Counsel for the Applica nt : M/s. Chavan & Associates Law Firm Defendants : Ex-parte frryor"u

oa,No,24tl2026

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.1.43,38,120.86ps i.e., a sum of Rs.63Jo,t24.34ps towards Cash Credit Loan A/c. No.86O33O 11 OOOOO47, a sum of Rs.15,80,032.43ps towards Working Capital Term Loan A/c. No.86037021OOOOO 1O and a sum of Rs.63,87,964.10ps towards Non-Fund Base Credit Facility i.e., Bank Guarantee No.8603IpEB423OO11 from the defendants joinuy and severa y with future interest 611.94o7o, 7!.g4o/o & 11.g4olo p.a. from 30.01.2026 till the date of realization along with costs and in default for sale of OA schedule properties.

¶30

Summons served on D1 to 9 through Paper^publication. They

¶31

were set ex-parte on 12.09.2026 as called absent and no representation.

¶32

The Applicant Bank examined Mylarapu Dayakar Gupta, Chief Manager, as AW-1 and marked 51 documents through him as Ex. A.1 to Ex. A.51.

¶33

Heard the Ld. Counsel for the Applicant Bank. perused the material placed on record.

¶34

The point that arises for consideration is:-

¶35

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?

¶36

As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz.. Exs. A.1 to A.51 marked on behalj,?f the Applicant Bank

¶37

oA.NO.241l2026

¶38

¶39

clinchestheclaimoftheApplicantBankagainsttheDefendants' Hence, I^{hold that the Defendants are jointlyand severallyliable} to^pay the^{OA claimto the Applicant Bankwith future interest} and costs.

¶40

In the result,^{the present Original ApPlicationNo 24112026is} allowed as^{under: -}

¶41

The Defendants^{are jointly and severally}

¶42

i) liable to^{pay to the ApplicantBank a total} sum of Rs.1,43,38,120'86ps^{i'e', a sum of} Rs.63 ,7O,124.34ps^{towardsCash CreditLoan} A/c.No.86O33O11OOOOO47,^{a sumof} Rs.15,80,032.43ps towards^{WorkingCapital} Term Loan A/c. No.860370210000010^{and a} sum of Rs.63,87,964.10ps^{towardsNon-Fund} Base Credit Facility i.e', Bank^Guarantee No.8603IPE84230011; with future^interest @10.70olo^{p.a. simple from the date of} application till the date^{of realization;}

¶43

ii) the OA claim is secured by^way of^mortgage of properties described in the^schedule annexed to the OA and the applicant^bankis entitled to^proceed against the same^to realise its debt;

¶44

iii) the applicant bank is also entitled to^proceed against the^person and Properties^of defendants for realization of its dues;

¶45

iv) the applicant bank is entitled^{for the costs.}

¶46

'fu6ux

¶47

oa.No.241/2026

¶48

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

¶49

Issue Recovery Certificate accordingly.

¶50

Communicate a copy of this order to the parties concerned. P,:,.r.t-"l1,: this the 13rh Day :n" ofAugusr,2O26).^{t,;.1",corrected,signedand pronorn.LaOy .u in-ii"} "r""'i.rn *

Bank of India v. M/s. Chaitanya Metal Industries.

Case brief

What is this about?

What did the court decide?

Bank of India v. M/s. Chaitanya Metal Industries.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Bank of Maharashtra versus M/s. Orginpulse Pharmaceuticals Private Limited

State Bank of India versus Kothapalli Dharma Teja

Hdfc Bank Ltd. versus Mohd Ikram Khan

M/s. Dcb Bank Limited. versus Mr. Sagaram Basavana Goud

Ch Shekhar Babu versus Bank of Baroda

Bank of Baroda versus M/s. Sv Inti Bhojanam.