Allowed

Union Bank of India v. M/s. Rasan Foods and Beverages.

DRT25 Jun 2026OA/314/2026

Case brief

AI extract

What is this about?

In an original application for recovery of outstanding loans and interest, the Debts Recovery Tribunal at Hyderabad held the defendants jointly and severally liable to pay the claimed amount, affirmed the mortgage of scheduled properties, and directed the release of a recovery certificate.

What did the court decide?

Defendants held liable to pay Rs. 79,31,661.20 with interest; OA secured by mortgage; recovery certificate issued; Bank to file cost memo.

Union Bank of India versus M/s. Rasan Foods and… — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I] AT HYDERABAD DATED THIS THE 25TH DAY OF JUNE, 2026

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PRESENT: SH. RAMESHWAR KoTHE, B.Com., L.LB. (Hons.), IY.A. PRESiDING OFFICER

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ORIGINAL APPLICATION No: 314 OF 2026

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U nion Bank of India., Puttur Branch, 6/81, Eswarudi Gudi Street EET Chittoor District, Puttur Andhra Pradesh - 517583. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Rasan Foods and Beverages., Prop. Mr. N G Sai Kumar, D.No.120A Sy.No.4913, KVK Nagar, Narayanavanam Road, Kalaya napuram Village Narayanavanam Ma ndal, Tirupati Andhra Pradesh - 517583.

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Mr. N G Sai Kumar, S/o. N Giridhar Age Major, Occ: Business, Male

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D.No.1-83, 3rd Street, Tirumala Kuppam Village, Puttur Mandal, Tirupati District Andhra Pradesh - 517583. ...Defendants

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: Ivlr. D. S. Pavan Kumar Counsel for the Applicant Defendants : Ex-parte

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:: Q..,!-[!-[ ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.79,31,661.20ps i.e., a sum of Rs.68,51,285.45ps towards Loan A/c. No.190116050000072 with interest @15.90% p.a. and a sum of Rs.10,80,375.75ps towards Loan A/c. No.190115010000008 with interest @15.40% p.a. from the Y..*

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oA.NO.314/2025

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defendants^jointly and severally with future interest @24olo^p.a. from the date of application till the date of^{realizationalong} with costs and in default for sale of OA schedule^properties.

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Summons served on D1 and 2 through^{paper publication.} They were set exparte on 24.06.2026 as called absent and^no representation.

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The Applicant Bank examined Mudduluru Pranay,^Legal Manager, as AW-1 and marked 16 documents through him as Ex. A.1 to Ex. A.16.

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Heard the Ld, Counsel for the Applicant Bank. 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 entitled for the claim made in the OA against the Defendants and OA schedule properties?

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As stated supra, the Defendants remained ex-pade. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to 4.16 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application )Ag.3t4/2O26 is arrowed as under: - ///%V* l-.'

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oA.NO.314/2026

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a total sum of Rs.79,31,661.20ps i.e., a sum of Loan

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Rs.68,51,285.45ps towards A/c.No.190116050000072 and a sum of Loan

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Rs.10,80,375.75ps towards A/c,No.190115010000008; with future interest @13.40olo p.a. simple from the date of application till the date of realization;

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

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

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iv) the applicant bank is entitled^{for the costs.}

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B. The Applicant Bank is directed to^file Cost^{Memo within2 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, corrected, signed and^pronounced by^{me in the opencourt on} this the 25th Day of June, 2026). ,i \

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Union Bank of India v. M/s. Rasan Foods and Beverages.

Case brief

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Union Bank of India v. M/s. Rasan Foods and Beverages.

Case brief

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