Allowed

Bank of India v. Sri. Venkati Reddy

DRT22 Jun 2026OA/335/2026

Case brief

AI extract

What is this about?

In a debt recovery application, the Tribunal allowed the bank's claim for recovery of a home loan dues of Rs. 38,85,705.07 with future interest and costs against the ex-parte defendant.

What did the court decide?

Defendant liable to pay Rs.38,85,705.07 with future interest and costs; applicant bank entitled to proceed against OA schedule property and defendant's properties for realization of dues and to issue

Bank of India versus Sri. Venkati Reddy — Execution and Attachment | DRT (2026)

¶1

IN THE DEBTS REIOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 22NO DAY OF JUNE, 2026

¶2

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

¶3

ORIGINAL APPLICATION No: 335 OF 2026

¶4

Bank of India., KPHB Branch, Plot No.138, 1st Floor 6th Phase Main Road, KPHB Colony Hyderabad, Telangana - 500072. Rep. by its Authorized Signatory.

¶5

. ....Applica nt.

¶6

Versus

¶7

Sri. Venkati Reddy, S/o. Sri. Rajaiah Reddy, Res. Address H. No.3- 1- 16 Gandhi Bomma Centre, Ma nug uru Khammam, Telangana - 507717.

¶8

Also at:-

¶9

Sri. Venkati Reddy, S/o. Sri. Rajaiah Reddy, Res. Address, EWS 1163 Phase I & II, KPHB Colony, KPHB Village & Mandal, Fledchal l'4alkajgiri District, Tela ngana - 500072.

¶10

Also at:-

¶11

Sri. Venkati Reddy, S/o. Sri. Rajaiah Reddy, Res. Address, H.No.LlG 772 Road No.s, KPHB Colony, Kukatpally Hyderabad, Telanga na - 500072.

¶12

...Defendant

¶13

Counsel for the Applicant : M/s. Chavan & Associates Law Firm

Defendant

:Ex-parte

:: ORDER ::

The Applicant Bank filed the^present OA for the recovery a total sum of Rs.38,85,705.07ps towards Star Home Loan A/c. tr/ry;*\

¶18

oA.NO.335/2026

¶19

No.571275110000160 from the defendant with future interest @8.5olo^p.a. from the date of application till the date of realization along with costs and in default for sale of OA schedule property.

¶20

Summon served on sole defendant and was set ex-parte on 79.06.2020 as called absent and no representation.

¶21

The Applicant Bank examined Challa Muni Babu, Senior Manager, as AW-l and marked 22 documents through him as Ex.A.1 to Ex.A.22.

¶22

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

¶23

The^point that arises for consideration is:-

¶24

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA schedule property?

¶25

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz./ Exs.A.1 to A.22 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to^pay the OA claim to the Applicant Bank with future interest and costs.

¶26

In the result, the present Original Application No.335/2026 ls arowed as under: /fu<.^, '/t{uvo

¶27

oa.No.335/2026

¶28

¶29

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.38,85,705.07ps towards Star Home Loan A/c. No.571275110000160; with future interest @8.40%^p.a. simple from the date^of application till the date of realization;

¶30

ii) the OA claim is secured by way of mortgage of property described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debu

¶31

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

¶32

iv) the applicant bank is entitled for the costs.

¶33

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

¶34

Issue Recovery Certificate accordingly.

¶35

Communicate a copy of this order to the^parties concerned. (Dictated to the steno, correded, signed and pronounced by me in the open court on this the 22'd Day ofJune, 2026),

¶36

/ry.*o (RXMESHWAR KorHE) PRESIDING OFFICER

Bank of India v. Sri. Venkati Reddy

Case brief

What is this about?

What did the court decide?

Bank of India v. Sri. Venkati Reddy

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

Mr Yempalla Mahipal Reddy versus Union Bank of India

Sri Perumandla Kishan versus M S Ikf Home Finance

Kalla Rajeshwari versus South Indian Bank

Canara Bank versus M/s. Nakoda Shopping Mall.

State Bank of India versus Mr. Veluri Vamshkrishna

Union Bank of India versus M/s. Hygiene Retail India Private Ltd.