Allowed

State Bank of India v. M/s. Bhavani Enterprises.

DRT8 May 2026OA/315/2026

Case brief

AI extract

What is this about?

The DT-II at Hyderabad allowed an original application filed by State Bank of India for recovery of a che القبض loan of Rs. 25,66,509/- with interest and costs against the defendants, who appeared ex-parte. The court held the defendants jointly and severally liable and directed the issuance of a recovery certificate.

What did the court decide?

Recovery of Rs. 25,66,509/- with interest; right to proceed against hypothecated assets and defendants' properties; issuance of Recovery Certificate.

State Bank of India versus M/s. Bhavani Enterprises. — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II^{AT HYDERABAD} DATED THIS THE OSTH DAY OF^{MAY, 2026}

¶2

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

¶3

ORIGINAL APPLICATION^{NO :} 315 0F 2026

¶4

State Bank of India., SMECC Branch, Cyberabad,^L2-6-391A/2F Y Junction, Kukatpally,^{Hyderabad-500072} Medchal Malkajgiri^District. Rep. by its Chief^Manager.

¶5

.....Applicant.

¶6

Versus

¶7

M/s. Bhava ni EnterPrises., Rep by its Proprietor,^{Sri.B.Gangadhara} Rao, Major, N4ale,^{H. No.11- 109} Nagarjuna Colony, chitukulu^Panchayat Patanchervu,^{Sanga reddY- 502307.}

¶8

Also at:^- shop No.24-105/5,^{Road No'3, Kakatiya} Nagar, Ra macha nd^{raPura m} Sangareddy District -^502325.

¶9

Sri. B. Gangadhara^Rao S/o. Sri. Simmanna,^Major,Male H. No.11- 109,^{Nagarjuna Colony,Chitukulu} Panchayat, Patanchervu, .Sangareddy-502307.

¶10

Also at:^- Plot No.262 and 27l,IDA^Bollaram Patancheru, Sangareddy^{District-502325.}

¶11

Also at:H. No.1-4614/5, Shankara^{Nagar, Near} Santoshi Mata TemPle,^{Chanda Nagar} ... Defendants Hyderabad - 500050. : Srl. P. V. Satyanarayana Counsel for the Applicant Defendants ,,ffit*

oA.NO.315/2026

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.25,66,509/- towards CC Loan from the defendants jointly and severally with future interest @14.40olo p.a. from the date of application till the date of realization along with costs and in default for sale of hypothecated assets.

¶17

Summons sent to D1 and 2 returned with endorsement refused hence, deemed to be served. They were set ex-parte on 06.05.2026 as called absent and no representation.

¶18

The Applicant Bank examined V Sai Rahul, Legal Manager, as

¶19

AW-1 and marked 09 documents through him as Ex. A.1 to Ex.

¶20

A.09.

¶21

Heard the Ld. Counsel for the Applicant Bank. perused the material placed on record.

¶22

The point that arises for consideration is:-

¶23

Whether the Appticant Bank is enti ed for the claim made in the OA against the Defendants and OA hypothecated assers?

¶24

As stated supra, the Defendants remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.09 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence. I hold that the Defendants are joinfly and severally liable to pay the OA ctaim to the Aprl.l.cant Bank with future interest and costs. //\pz,a.* (-2 5t'v "-

¶25

oA.NO.31sl2026

¶26

In the result, the present Original Application No.315/2026 is allowed as under: -

¶27

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.25,66,509/- towards CC Loan with future interest @\2.4o/o p.a. simple from the date of application till the date of realization;

¶28

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

¶29

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

¶30

iv) the applicant bank is entitled for the costs.

¶31

The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

¶32

Issue Recovery Certificate accordingly.

¶33

Communicate a copy of this order to the^parties concerned, (Dictated to the steno, corrected, signed and pronounced by me ir^' the open court on this the 08th Day of May, 2026).

¶34

x#,,h

¶35

(RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. M/s. Bhavani Enterprises.

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/s. Bhavani Enterprises.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Hdfc Bank Ltd. versus Mr. Shyam Ileni

Kotak Mahindra Bank Limited versus Mr. Kothapalli Chand Pasha

State Bank of India versus Mr. Lavudiya Jagmal

Pegasus Assets Reconstruction Private Ltd. versus M/s. Karthikeya Jewelers.

Axis Bank Ltd. versus Shri Shakthi Engineering

Idfc First Bank Ltd. Now versus Sistla Krishna