The Tribunal allowed an Original Application filed by Bank of India for recovery of dues of Rs.44.70 lakhs plus interest. The respondents remained ex-parte. The Tribunal granted decree, secured by hypothecated assets, and issued a Recovery Certificate.
Debt of Rs.44,70,749.22 with future interest granted; Recovery Certificate issued; Costs directed to be filed.
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.
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE OgTH DAY OF ]ANUARY. 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 322 OF 2025
Bank of India., Vasavinagar Branch, Hyderabad, Telangana. Rep. by its Constituted Attorney.
.....Applicant.
Versus
,
Nagar, Parsigutta, Secunderabad-500007.
: Ms. P. Suseela Counsel for the Applicant
Defendants
: Ex-parte
:: ORDER ::
oA.NO.32212O2s
interest @11.600/o p.a. and a sum of Rs.47,400.10pstowards Term Loan (GECL) A/c. No. 861470410000050with future interest @9.25olop.a. from the defendantsjointly and severally plus 2o/o penal interest with monthly rests from 21.03'2025 till the date of realization along with costs andin defaultfor sale of hypothecated assets.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
::,ur.,,clioGh€s the. claim of the Applicant Bank againsr the Defendants.; Hence, I hold that the Defendants arejointly and severally liable topay the OA claim to the Applicant Bank with future interest and costs.
oA.NO.322l202s
Ow*" (R{MESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and OA hypothecated assets?
Whether the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.
1 provisions across 1 enactments
Bank of India, Vasavinagar Branch, Hyderabad
M/s. SAFashions
D. Sai Kiran Ashish
E. Sujeeth Kumar
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
