Allowed

Hdfc Bank Ltd. v. Mr. Saake Gangadhara

DRT24 Feb 2026OA/333/2025

Case brief

AI extract

What is this about?

In an original application, the Debts Recovery Tribunal allowed the bank's claim for loan recovery of approximately Rs. 24.80 lakhs. Holding the defendants liable based on undisputed documentary evidence, the order directed payment with future interest, costs, and proceeded against hypothecated assets.

What did the court decide?

Directed defendants to pay Rs. 24,79,997.46 with future interest at 10.48% p.a.; secured by hypothecated assets; entitled to proceed against person and properties for dues and costs.

Hdfc Bank Ltd. versus Mr. Saake Gangadhara — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 24fA DAY OF FEBRUARY,2026

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

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ORIGINAL APPLICATION No: 333 OF 2025

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HDFC Bank Ltd.

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Office at l-L0-60/3, 3.d Floor,(3A), Suryodaya Complex, Begumpet, Hydera bad- 500016.

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.....Applica nt,

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Versus

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Mr. Saake Gangadhara, S/o. S Nagabhushanam, D.NO: 7-69,Modugulakunta, Tadimarri, Anantapur, Andhra Pradesh 515631.

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P. Kullayappa, D.No: 1-1 12, Gunjepalli, Anantapur, Anantapur, Andhra Pradesh-515425.

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... Defendants.

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Counsel for the Applicant

:Mr. Srihari Bathina

Defendants

:Ex-parte

:: :: Qf,[fL

The Applicant Bank filed the^present OA for the recovery a^total sum of Rs.24,79,997.46Ps from the defendants with^future interest @10.48% p.a. for loan account 86685693 along^with future interest @2olo^p.a. on unruto of filins ffiTiro"*

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oA.NO.333/202s

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till the date of realization along with costs and in default for sale of hypothecated assets.

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Publication was filed for D1 and summons were served on D2. They were set exparte on 21.11.2025 as called absent no representation.

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The Applicant Bank examined Ms. Adithya AS, Legal manager, as AW-1 and marked 5 documents through him as Ex. A.1 to Ex. A.05.

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Ld. Counsel for the Applicant Bank stated orders may be passed on merits. 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 entiiled for the claim made in the OA against the Defendants and OA hypothecated assets2

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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.05 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are 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.333/2025 is allowed as under: -

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i) The Defendants are liable to pay to the Applicant Bank a sum of Rs. 24,79,997.46ps O$rr-b

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oA.NO.333/2025

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with future interest @10.48% 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 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;

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iii) the applicant bank is also entitled to^proceed against the person and^properties of defendant 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 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 me in the open court on this the 24rh Day of february, 2026).

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,, rVU.*__ , O^il: t K'"t" -' (RAMESHWAR KOTHE) PRESIDING OFFICER

Hdfc Bank Ltd. v. Mr. Saake Gangadhara

Case brief

What is this about?

What did the court decide?

Hdfc Bank Ltd. v. Mr. Saake Gangadhara

Case brief

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What did the court decide?

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