Allowed

Yes Bank Limited v. Mr. Palla Madhava Reddy

DRT18 Jun 2026OA/244/2026

Case brief

AI extract

What is this about?

The DRAT allowed the bank's original application for recovery of Rs. 20,50,898.56 plus interest. Finding the ex-parte defendant liable based on examined evidence, the court directed immediate payment and secured recovery via hypothecated vehicle and other properties.

What did the court decide?

Bank recovered sum with interest and secured claim via hypothecated vehicle transfer/realization and is entitled to proceed against defendant's other properties and costs.

Yes Bank Limited versus Mr. Palla Madhava Reddy — Execution and Attachment | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 18TH DAY OF JUNE, 2026

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com, L,LB. (HonS.), T4.A. PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No: 244 OF 2026

¶4

YES BANK Limited Office at # 1-8-387, 2nd Floor, Agravanshi Plaza, HUDA Lane, S.P. Road, Secunderabad 500003 Rep by its authorised signatory

¶5

.......Applica nt

¶6

Versus 14r. Palla lv'ladhava Reddy, S/o. P 14ahendra Reddy Aged about 33 years, Occ: Pvt. Employee R/o. Plot No. 684, 1st Floor, Divya Nagar Na rapa lly, Hyderabad - 500088

¶7

Also at: R/o. H No. 1-0-784/8, Mythri Colony, Opp: Silk Nagar, Ala ir, Nalgonda - 508101 ....Defendant

¶8

Counsel for the Applicant : Mr. M. Srinivas Reddy

¶9

Counsel for the Defendant : Ex-parte

¶10

:: ORDER ::

¶11

The Applicant Bank filed the present OA for the recovery a total sum of Rs. 20,50,898.56 ps from the sole defendajtt with future /)\str t,,

¶12

oA.NO.244l2026

¶13

interest @ 18o/o^{p.d. withmonthlyrests from} 05.02.2025 till^the default, sale^{of OA} date of realization^{alongwith costs,and in} hypothecated^vehicle.

¶14

Summon served^on Sole Defendant^{and was set exparte on} 17.06.2026 as^called absent and^{no representation.}

¶15

The Applicant^Bank examined Ms. Sai^{Pavan Gudivada, Legal} and marked 6^{documentsthrough himas}

¶16

Manager, as^AW-1 Ex.A.1 to^Ex.A.6.

¶17

Heard Learned^{Counsel for the Applicant'} Perused the^materlaI placed on record.

¶18

The^point that^{arises for considerationis: -}

¶19

Whether the^{Applicant Bank is entitled} for the claim^{madein the OA against} the Defendant and^{OA h\Pothecated} vehicle?

¶20

As stated supra,^{the Defendant remainedex-parteThe} Evidence Affidavit^{coupledwith the recitalsin the documents} vlz., Exs.A.l to^{A.6 markedon behalfof the ApplicantBank} clinches the^{claim of the ApplicantBank againstthe Defendant'} Hence, I hold that^{the Defendant is liableto pay the OA claimto} the Applicant^{Bank with future interestand costs'}

¶21

In the result,^{the presentOriginal Applica:2SNo'21412o26is} attowed as^{under: -} (y <N'^'

¶22

oA.NO.244/2026

¶23

i) The Sole Defendant is liable to pay to the Applicant Bank a Rs.20,50,898.56 ps with future interest @ 13.360lo p.a. simple from the date of application till the date of realization;

¶24

ii) the OA claim is secured by way of hypothecation of vehicle as described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

¶25

iii) the applicant bank ls also entitled to proceed against the person and properties of defendant for realization of its dues;

¶26

iv) the applicant bank is entitled for the costs.

¶27

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

¶28

Issue Recovery Certificate accordingly.

¶29

Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 18rh DayofJune,2O26).

¶30

sJ{ ESHWAR KOTHE) PRESIDING OFFICER

Yes Bank Limited v. Mr. Palla Madhava Reddy

Case brief

What is this about?

What did the court decide?

Yes Bank Limited v. Mr. Palla Madhava Reddy

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

Central Bank of India versus M/s. Hint Transformers Pvt. Ltd.

The Axis Bank Ltd. versus Mr. Mahameed Kaleem

Hdfc Bank versus Anil Kumar

M/S. Bank of Baroda versus M/s Cure Diagnostics

State Bank of India versus Koliki Ranga Swamy

State Bank of India versus Doraswamy Mohan Rohit Das