Allowed

M/s. Dcb Bank Limited. v. Mr. Sagaram Basavana Goud

DRT13 Aug 2026OA/319/2026

Case brief

AI extract

What is this about?

The Applicant Bank filed an Original Application for recovery of a loan sum of Rs.68,69,338.66 plus future interest and costs. The Defendants remained in ex-parte. The Tribunal accepted the evidence and allowed the application, holding the Defendants jointly and severally liable.

What did the court decide?

Defendants directed to pay Rs.68,69,338.66 with future interest and costs; Mortgage properties and OA schedule properties declared as security; Recovery Certificate issued.

M/s. Dcb Bank Limited. versus Mr. Sagaram Basavana… — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 13TH DAY OF AUGUST, 2026

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

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ORIGINAL APPLICATION No: 319 OF 2026

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M/s. DCB Bank Limited., Having its Branch Office at Ward No.5 Property No.4/732, 4/733, 4/734 & 4/735 Well Come Gate, Kollagallu Village Bellari District - 583104.

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Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Mr. Sagaram Basavana Goud Kokkarachedu Village, Halaharvi Mandal, Kurnool - 518348.

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Mrs. Sagaram Eramma Wo.^{Mr. Sagaram Basavana Goud} Kokkarachedu Village, Halaharvi Mandal, Kurnool - 518348.

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...Defendants

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: M/s. D & G Law Firms Counsel for the Applicant

Defendants

: Ex-parte

:: (LLLE& ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.68,69,338.66ps from the defendants^jointly and severally with future interest @13olo p.a. from 28.03.2025 till the date of realization along with costs and in default for sale of oA schedule properties. fult*

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oA.NO.319/2026

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Summons served on D1 and 2 through^{paper publication.} They were set ex-parte on 11.08.2026 as called absent and no representation.

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The Applicant Bank examined Shreedhar Deshpande, Legal lvlanager, as AW-1 and marked 08 documents through him as Ex. A.1 to Ex. A.08.

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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-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.08 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 No.319/2026 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.68,69.338.66ps with future interest 6ffi"trt'

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oA.NO.319/2026

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@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 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 properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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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^partles concerned. (Dictated to the steno, corrected, si8ned and pronounced by me in the open court on this the 13rh Day of Au8ust, 2026).

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oxa'* ( RAI,IESHWAR KOTHE) PRESIDING OFFICER

M/s. Dcb Bank Limited. v. Mr. Sagaram Basavana Goud

Case brief

What is this about?

What did the court decide?

M/s. Dcb Bank Limited. v. Mr. Sagaram Basavana Goud

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

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