Allowed

M/s. IndusInd Bank Limited. v. M/s. Sri Satyam Marketing

DRT17 Aug 2026OA/336/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by an ICICI Bank (spelled Induslnd in text) for recovery of a loan of Rs. 1.66 crore. As defendants appeared ex-parte, the Tribunal held them jointly and severally liable to pay the claim along with future interest and costs, securing the debt via mortgage properties.

What did the court decide?

Defendants jointly and severally liable to pay Rs.1,66,71,563.46 with future interest; OA claim secured by mortgage of properties; bank entitled to proceed against defendants' properties; costs awarde

M/s. IndusInd Bank Limited. versus M/s. Sri Satyam Marketing — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 17TtI DAY OF AUGUST, 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: 336 OF 2026

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M/s. Induslnd Bank Limited., Secunderabad Branch, 1-10-72, 3rd Floor Ashoka Janardhan Chambers, Begumpet Secunderabad - 500016. Rep. by its Authorized Signatory. .....Applicant.

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Versus

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M/s. Sri Satyam Marketing., Rep by its Proprietrix Mrs, Laxmi Sukkabotla, R/o. 14-24/62/2, Plot No.111 layalaxmi Nagar Colony. Phase 2, Road No. 5, Beeramguda, Ameenpur, Telangana - 502032.

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Also at:24-36, Beside Pallavi Hospital, Ashok Nagar, R C Puram, Sangareddy Telangana - 502032.

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Mrs. Sukkabotla Laxmi, Wo. Mr. Sukkabotla Narender, Age Major, Occ: Business Rlo. 14-24/62/2, Plot No.111, Jayalaxmi Nagar Colony, Phase 2, Road No. 5 Beeramguda, Ameenpur, Telangana - 502032,

¶9

Mr. Sukkabotla Narender, S/o. Sukkabotla Satyanarayana, Age Major, Occ: Business R/o. L4-24/62/2, Plot No.111, Jayalaxmi Nagar Colony, Phase 2, Road No. 5 Beeramguda, Ameenpur, Telangana - 502032. ... Defendants

¶10

Counsel for the Applicant : Mrs. Maanam Sailaja Defenda nts ,E*-ea,r.OZ6

oA.NO.335/2025

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.1,66,71,563.46ps towards Loan A/c. Nos. 589000011679 and 650014122102 as on 37.t2.2025 from the defendants jointly and severally with future interest @9.250lo & 72.73o/o p-a. at monthly rests from the date of application till the date of realization along with costs and in default for sale of OA schedule properties.

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Summons sent to D1 to 3 returned with endorsement refused hence, deemed to be served. They were set ex-parte on 72.06.2026 as called absent and no representation.

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The Applicant Bank examined G V L Prasanna, Legal Manager, as AW-1 and marked 35 documents through her as Ex. A.1 to Ex. A.35.

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Heaft 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.35 marked on behalf of the Appticant 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. fu/-r.* D Lr <-{],\

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oA.NO.336/2026

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In the result, the present Originat Apptication No.336/2026 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.1,66,71,563.45ps towards Loan A/c. Nos. 589000011679 and 650014122102; with future interest @9.45olo 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 entiUed 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 thts 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 mein the open court on this the 17rh Day of Ausust,2o26). gU

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,Mt

¶31

ESHWAR KOTHE) PRESIDING OFFICER

M/s. IndusInd Bank Limited. v. M/s. Sri Satyam Marketing

Case brief

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What did the court decide?

M/s. IndusInd Bank Limited. v. M/s. Sri Satyam Marketing

Case brief

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What did the court decide?

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