Allowed

Telangana Grameena Bank v. Thalluri Sandhya

DRT2 Sept 2026OA/372/2026

Case brief

AI extract

What is this about?

In an Original Application for recovery, the DRT allowed the bank's claim for principal amounts under a term loan and cash credit facility along with future interest. The debtor was barred from appearing exparte. The order directed the recovery of the outstanding sum via hypothecated movables and a recovery certificate.

What did the court decide?

Recovery of Rs.33,54,250 with interest; Issuance of Recovery Certificate; Authority to proceed against hypothecated movables and properties.

Telangana Grameena Bank versus Thalluri Sandhya — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE O2Nd DAY OF SEPTEMBER,2026 PRESENT: SRI cUMMADI GOPICHAND, PRES|DING OFFTCER

¶2

OA. No. 372 OF 2026

¶3

Between :

¶4

Telangana Grameena Bank Gandhi Park Center Huzurnagar Branch, Su ryapet District -508204 Telangana State Represented by its Manager

¶5

Applicant

¶6

VERSUS

¶7

Smt. Thalluri Sandhya Wo T. Hanumachary

¶8

Prop. M/s Arunachala Shiva Glass and Plywood H.No: 1-11214121B,13,

¶9

Near Nagamaiah Temple Huzurnagar,

¶10

Suryapet District, Pin: 508204

¶11

Also at:

¶12

H.No:3-223lA, A1,A3, Sai Baba Theatre Road

Defendant

i-. .,
:;..:.
B2 s[P

(oA. No. 37212026)

Counsel for the^{parties :}

¶17

For The Applicant Mohammed Ubedulla For the Defendant Exparte Reserved on 25.08.2026 Pronounced on 02.09.2026 Upload in website on 02.09.2026

¶18

ORDER

¶19

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.33,54,250.00 Ps. ( Rupees Thifi Three Lakhs Fifty Four Thousand Two Hundred and Fifty Only) i.e a sum of Rs.21,02,436.00 Ps. under Term Loan account and Rs.12,51,814.00 Ps. under cash credit OD facility account with future rate of interest @12.00%^p.a with monthly rests from the date of this application till the date of realization and in default for sale of Hypothecated Movables as mentioned in the Schedule of Property to OA.

¶20

2r:"..'.,':1. $S,,,?q the averments in the application, the Applicant Bank -^{.i . '} ,^' ,.statB$:.that^{Defendant availed Term loan facility of} ,l ,..Rs.18,00,000/- repayable in 96 equated monthly installments +, n i^{r of ,R$.29.25bl- p.m with interest} @12.OOYo^{p.a and executed} UJ, Agreement of Loan cum Hypothecation dated 26.10.2023 in favor ],. of the Applicant Bank. The Defendant availed Cash credit OD .,)

¶21

(OA. No.372/2026)

¶22

facility of Rs.10,00,000/- with interesl @12.00o/o p.a and executed Agreement of Loan cum Hypothecation dated 26.10.2023 in favor of the Applicant Bank. After availing the loan facility, the Defendant failed to comply the terms of sanction, hence the applicant bank classified the account as NPA and issued Legal Notice dated 13.05.2026 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

¶23

¶24

Defendant called absent and set exparte on 25.08.2026.

¶25

Mr. Goda Chennakesavulu, Branch Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.14.

¶26

Heard the Ld. Counsel for the Applicant Bank.

¶27

The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendant as prayed for?

¶28

Defendant Bank, AW.1, official of the Applicant Bank was she exhibited relevant documents as Ex.A. 1 to of the above, I hold that the Applicant Bank has claim made in the OA against the Defendants 3

¶29

(OA. No. 37212026)

¶30

and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

¶31

ln the result, the present OA is allowed with costs, as under^:

¶32

The Defendant is liable to pay to the Applicant Bank a total sum of Rs.33,54,250.00 Ps. ( Rupees Thirty Three Lakhs Fifty Four Thousand Two Hundred and Fifty Only) i.e a sum of Rs.21,02,436.00 Ps. under Term Loan account and Rs.'12,51,814.00 Ps. under cash credit OD facility account with future rate of interest @12.00% p.a from the date of this application till the date of realization.

¶33

The Applicant Bank is entitled to proceed against the Hypothecated Movables as mentioned in the schedule of Property to the OA towards realization of the debt due.

¶34

10 The Applicant Bank is entitled to proceed against the person and properties of Defendant towards realization of the debt due.

¶35

Applicant Bank is entitled to the costs of the OA.

¶36

a cost memo within two weeks from the

¶37

¶38

(OA. No. 372/20261

¶39

13. lssue Recovery Certificate accordingly.

¶40

14. Communicate a copy of the order to the parties concerned.

¶41

(oictated to the P A., transcribed by her, corrected signed and pronounced by me in the open court on
this tttg.o?kltrqilsep . 2026)
sd/-
(G. GOPTCHAND)
PRESIDING OFFICER
0-"x;H.
,f,?ffif^llJ^,

Telangana Grameena Bank v. Thalluri Sandhya

Case brief

What is this about?

What did the court decide?

Telangana Grameena Bank v. Thalluri Sandhya

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

Indian Overseas Bank versus Ind Cotton Garments LLP

Govardhan Sirangi versus Cholamandalam Investment and Finance Company Limited

Puspak Energy Industry versus Union Bank of India

Canara Bank versus M/S Rahul Textiles

Canara Bank versus M/S. Mallikarjun Textiles

Canara Bank versus Karthik Powerlooms