Allowed

M/s. Dcb Bank Limited v. Cherukuri Satyanarayana

DRT12 Jun 2026OA/318/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by DCB Bank Limited against two respondents. The defendants were present ex-parte. The Tribunal held the defendants jointly and severally liable to pay the debt, future interest, costs, and allowed proceedings against mortgaged properties.

What did the court decide?

Defendants are jointly and severally liable to pay Rs. 38,46,706.23 with future interest @13% p.a. Costs awarded. Recovery Certificate issued. Proceedings against mortgaged properties allowed.

M/s. Dcb Bank Limited versus Cherukuri Satyanarayana — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRiBUNAL-II AT HYDERABAD DATED THIS THE 12TH DAY OF JUNE, 2026 PRESENT: SH. RAMESHWAR KoTHE, B.com. L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 318 OF 2026

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M/s. DCB Bank Limited Corporate & Registered Office: 6th Floor, Tower A, Peninsula Business park, Senapati Bapat Marg, Lower Parel, Mumbai -4OOO 13 Having its Branch office at Ward No.5,^property No. 4/732. 4/733, 4/734 & 4/73s, Well Come Gate, Kollagallu Village, Bellari District-583 104

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. .....Applicant

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Versus

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Cherukuri Satya na rayana S/o Mr. Ramadasu R/o 5-16, 45 Waaradulu Chinthakunta Village, Halaharvi Manda l, Alur Tatika, Kurnool - S1B34B.

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Cherukuri Ajay S/o C. Satyandrayana R/o 5-16,45 Waarad utu ihinthakunta Village, Halaharvi lvla ndal, Alur Talika, Kurnool - 518348

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... Defenda nts

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Counsel for the Applicant :D&GLawFirm

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Counsel for the Defendants : Ex-parte ffinu

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oA.NO.318/2026

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:: ORDER::

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The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs. 38,46,706'23ps from defendants1 & 2 with future} interest @13olo^{p.a. from 03'09'2025till the date of realization} along^{with costs and, in default' sale of OA mortgaged} properties.

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Summon^{servedon Defendants 1 & 2 and were set exparteon} 08.06.2026^{as called absentand no representation'}

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2 The Applicant^{Bank examined Mr' Shreedhar Deshpande' Senior} Portfolio^{Manager, as AW-1and marked 9 documentsthrough} them as^{Ex.A.1 to Ex'A'9'}

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Heard ex-parte^{arguments from the Ld' Counsel of the} Applicant^{Bank. Perusedthe materialplaced on record'}

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The^{point that arises for considerationis: -}

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Whether^{the Appticant Bank is entitled} for the^{claim madein the OA against} the Defendants^{and OA mortgaged} ProPerties?

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As^{stated supra, the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwith the recitals in the documents} viz., Exs.A.1^{to A'9 markedon behalf of the ApplicantBank} clinchestheclaimoftheApplicantBankagainsttheDefendants. Hence,IholdthattheDefendantsareliabletopaytheoAclaim to the^{ApplicantBankwith future interestand costsl]f,,}('*}

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oA.NO.318/2026

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In the result, the present Original Application No.318/2026 is allowed as under: -

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i) The Defendants 1 & 2 are joinfly and severally liable to pay to the Applicant Bank a sum Rs. 38,46,706.23 ps with future interest @13olo 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 as 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 entifled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entiiled for the costs.

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a 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, corrected, signed and pronounced by q^e in the open court on this the 12rh Day ofJune,2026). ,/., /()ffiv>ttt (RAtvIESHWAR KOTHE) PRESIDING OFFICER

M/s. Dcb Bank Limited v. Cherukuri Satyanarayana

Case brief

What is this about?

What did the court decide?

M/s. Dcb Bank Limited v. Cherukuri Satyanarayana

Case brief

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What did the court decide?

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