Idbi Bank v. M/S. Abha Foods
Case brief
What is this about?
This Order is a Debts Recovery Tribunal Adjutant allowing an Original Application filed by IDBI Bank for recovery of a loan amount. The Tribunal held that the bank established its claim via documentary evidence in the absence of the defendants.
What did the court decide?
Defendants directed to jointly and severally pay Rs. 22,42,301.76 with interest @11.35% p.a. from 12.02.2026. Recovery Certificate issued.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL.IAT HYDERABAD DATED THIS THE OSth DAY OF JULY,2026
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA. No. 254 OF 2026
Between :
lDBl Bank, Retail Recovery Zonal Office, Chapel Road, Hyderabad.
Represented by its Authorized Officer
Applicant
VERSUS
- M/s. Abha Foods (Borrower)
Rep. by Chitneni Sunil Kumar & Vishwadev Gunda
Plot No.7,
HMT Officers Colony,
Alwal, High Tension Road, Secunderabad.
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum with future interest and costs against the Defendants?
Parties & counsel
- applicant
IDBI Bank, Retail Recovery Zonal Office, Chapel Road, Hyderabad
- respondent
M/s. Abha Foods
- respondent
Vishwadev Gunda
- respondent
Chittineni Sunil Kumar
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court