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M/S. Yes Bank Ltd. versus Mr. Garvanda Jithesh — Banking and Recovery | DRT (2026)

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DRT
2026
M/S. Yes Bank Ltd. versus Mr. Garvanda JitheshM/S. Yes Bank Ltd. v. Mr. Garvanda Jithesh

Allowed

M/S. Yes Bank Ltd. v. Mr. Garvanda Jithesh

DRT19 Jun 2026OA/297/2026

What the court decided

AI extract

Outcome

Allowed

Issue for consideration

(...)

A

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

DATED THIS THE 19TH DAY OF JUNE, 2026

PRESENT: SH. RAIVIESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER

ORIGINAL APPLICATION No: 297 OF 2026

M/S, YES BANK LTD., H.No.1-B-387, 2nd Floor, Ag ravanshi Plaza, HUDA Lane, S.P. Road, Secu nderabad - 500003 Rep: By its Authorized Signatory

.......Applicant

Versus

lvlr. Garvanda lithesh S/o. Malla iah Aged about 41 years, Occ: Business, R/o. H. No.4-38l3, Jagitial, Karimnagar District - 505529

Also at: R/o. H. No.15-81- 11/ 14, Aravind Nagar, lagitial, Karimnagar District - 505327

......Defendant

Counsel for the Applicant : Mr. M. Srinivas Reddy

cou nsel for the Defendant

Issues for consideration

3 issues framed by the court

AI extract

1.
(...)
2.
(...)
3.
...

Statutes considered

1 provisions across 1 enactments

AI extract

AppApp

Parties & counsel

AI extract

applicant
M/s. Yes Bank Ltd.
respondent
Garvanda Lithesh

Coram

AI extract

Raiveshwarsa Kothe

Case details

As recorded by the court registry

Court: DRT
Decided on: 19 Jun 2026 · June
Case no.: OA/297/2026
CNR: 280120002532026

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Cite this judgement

M/S. Yes Bank Ltd. v. Mr. Garvanda Jithesh, OA/297/2026 (DRT), decided on 19 June 2026.

The Debt Recovery Tribunals publishes no neutral citation for this judgement — cite it by case number and date of decision.

Statutes1

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Bench / Coram

Raiveshwarsa Kothe

Parties & counsel

A compact analysis

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.

:Ex-parte

OW,*

oa.No .297 /2026

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs. 2L,16,327.67 ps from the sole defendant with future interest @ 180/o p.a. with monthty rests from 21.01.2026 till the date of realization along with costs, and in default, sale of OA hypothecated vehicle.

Summon served on Sole Defendant and was set exparte on 18.06.2026 as called absent and no representation.

The Applicant Bank examined Mr. Sai pavan Gudivada, Legal lvlanager, as AW-1 and Mr. D. Shyam Kumar Reddy, Assistant Vice President, as AW-2 and marked 7 documents through them as Ex.A.1 to Ex.A.7.

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

The point that arises for consideration is: -

Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendant and OA hypothecated vehicle?

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.7 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest ana corts.rQ,Y*$

oA.NO.29712026

In the result, the present Original Application No.297/2026 is allowed as under: -

i) The Sole Defendant is liable to pay to the Applicant Bank a Rs. 21,t6,327.67 ps with future interest @ 16.01o/o p.a. simple from the date of application till the date of realization;

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;

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

iv) the applicant bank is entitled for the costs.

B. The Applicant Bank is directed to file Cost Memo^{within2 weeks} from the date of receipt of this Order.

Issue Recovery Certificate accordingly.

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} thisthe leth Dayof June,2025).

frynO.r*, lnAMdsnwAir^xorne) PRESIDING OFFICER

Topic

Banking and Recovery

Bench

Rameshwar Kothe

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