Allowed

Canara Bank v. Pilly Prasanna Kumar

DRT22 Jun 2026OA/272/2026

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the original application filed by Canara Bank against four defendants. The court held the defendants jointly and severally liable to pay a sum along with future interest and costs based on the evidence produced by the bank since the defendants appeared ex-parte.

What did the court decide?

The Defendants 1 to 4 are jointly and severally liable to pay a sum of Rs. 29,47,130/- with future interest and costs. The Applicant Bank is entitled to proceed against the persons and properties of d

Canara Bank versus Pilly Prasanna Kumar — DRT (2026) — LawSathi Research

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IN THE DEBTS^{RECOVERY TRIBUNAL-II AT HYDERABAD}

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DATED THIS THE^{22ND DAY OF JUNE, 2026}

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PRESENT: SH.^{RAMESHWAR KOTHE,B.COM. L.LB. (HONS.),M.A'}

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PRESIDING OFFICER

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ORIGINAL APPLICATION^{No: 272 OF 2026}

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Canara Bank,^{SainikPuriII Branch,} Kapra Mandal,^{Medchal MalkajgiriDistrict,} Telangana,^-500094,

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Rep. by Senior^Manager

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......Applicant

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Versus

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Pilly Prasanna^{Kumar (NRI) S/o. P. Sairam,} Aged about 33^{years, Occ. Private Service,} C7o. Mr. Groen^{Van Prinstereniaan129, 1181} iS Amstelveen,^{Amsterdam,Noord Holland, Netherlands}

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Permanent^{R/o' H. No. 6-7-169,Hamalwadi, Subash Nagar'} Nizamabad,^{Telangana, -503002}

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Pilly Sairam Slol^{P. Poshetty-GPAholder} Aged about⁶¹ Years,^{Occ. Retired,} H. trto. O-Z-r09,^{Hamalwadi, Subash Nagar,} Nizamabad,^{Telangana, -503002}

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Pilly Praneeth^{Kumar Slol P. Sairam} Aged about 35^{years, Occ. Private Service,} nl ruo. o-z-r09,^{Hamalwadi, Subash Nagar, Nizambad'} Telangana,^-503002

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Mls. Beccun Infra^{StructuresLimited,} Rep. Prashanth^{Kumar Puram, Managing Director,} Regd. Office.^{102, Model House, Punjagutta,} Hvae.aoao soood2 OW", ...Derendants

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oA.NO.272/2026

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Counsel for the Applicant

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Counsel for the Defendants

: Mr. S. Sainathan

: Ex-parte

:: oRDER::

The Applicant Bank filed the present OA for the recovery a total sum of Rs. 29,47,L30/- from defendants 1 to 4 joinfly and severally with future interest @ 9.10% p.a. with monthly rests from 72.07.2026 till the date of realization along with costs.

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Summonses served on Defendants 1 to 4 through paper pubrication and were set exparte on 1g.06.2026 as cailed absent and no representation.

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The Applicant Bank examined Ms. Padma Donthamala, Senior

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Manager, as AW-1 and marked 13 documents through them as

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Ex.A.1to Ex.A.13.

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Heard Learned Counsel for the Applicant. perused the material placed on record.

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The point that arises for consideration is: _

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Whether the Applicant Bank is entitted for the claim made in the OA against the Defendants?

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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.13 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. AW!'u(r''L>

oA.N0.27212026

I i. a

Hence, I hold^{that the Defendantsare tiable to pay the oA claim} to the Applicant^{Bank with futureinterest and costs.}

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In the^{result, the present originalApplicationNo'27212026is} allowed as^{under: -}

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i) The Defendants^{1 to 4are jointly and} severally liable^{to pay to the ApplicantBank a} sum ns. 28,47,L301-^{with future interest@} 7.LOo/o^{p.a. simple from thedate of} application till^{the date of realization;}

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ii) the applicant^{bank is also entitled to proceed-} against the^{person and propertiesof} defendants for^{realization of its dues;}

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iii) the applicant^{bank is entitledfor the costs'}

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B. 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'} (Dictated to the steno,^{coriected, signedand pronounced by me in the open court on} ili,ii"iz*DayofJune,2o26|,-..-r.--._-'[M,.}I$

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(RAqYEsHwnn KOTHE) PRESIDING^OFFICER

Canara Bank v. Pilly Prasanna Kumar

Case brief

What is this about?

What did the court decide?

Canara Bank v. Pilly Prasanna Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

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