The DRT allowed the Original Application filed by YES BANK Limited for recovery of a debt sum of Rs. 24,66,871.93 along with future interest and costs. The Defendants were absent (ex-parte).
Recovery of Rs. 24,66,871.93 with future interest @16.50% p.a., costs, and issuance of Recovery Certificate.
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 RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 9th DAY OF MARCH, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 29 OF 2026
YES BANK Limited Office at #l-8-387, 2nd Floor, Agravanshi Plaza, HUDA Lane, S.P. Road, Secunderabad - 500003 Rep by its authorised signatory
.....Applicant.
Versus
Also At:
C/o. H. No. 10-3-797/2 Lstfloor, Flat No.202, Hirnmayi Residency, Near St. Johns Church Jr. College, Secunderabad 500003.
...Defendants
Counsel for the Applicant : Mr. M. Srinivas Reddy
Counsel for the Defendants : Ex-par?/flvq,-, ,,( /.-/^..'o '- ./ ','1
oA.NO.2912026
:: ORDER ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
i)
oA.NO.29l2025
sum Rs. 24,66,871.93 ps with future interest @16.50%p.a. simple from the date of application till the date of realization;
ii) the applicant bank is entitled to proceed against the person and properties of defendants for realization of its dues;
iii) the applicant bank is entitled for the costs.
B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
(Dictated to the steno, corrected, signed and pronounced by D+xl the open court q this the 9th Day of March, 2026).
[e,(sronrc oFFrcER
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed debt from the Defendants in the absence of the Defendants?
YES BANK Limited Office at S.P. Road, Secunderabad
M/s. Satya Sai Transport
Mr. G. Uma Sai Prasad
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
