The Debts Recovery Tribunal allowed the Applicant Bank's Originating Application for recovery of a defaulted term loan, holding the Defendant liable for the principal, interest, and costs of the OA.
The order for payment of Rs. 21,16,385.64 with interest, authorization to realize from hypothecated movables and personal properties, and issuance of Recovery Certificate.
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 RECOVERYTRIBUNAL- IAT HYDERABAD DATED THIS THE 27th DAY OF JANUARY,2O26
PRESENT: SRI GUMMADI GOPICHAND, PRES!D!NG OFFICER
OA. No. 394 OF 2025
Between :
Canara Bank, Hyderabad Stock exchange Branch, (HSE Branch), H.No. 3-6-369/4, Street No. 1, Himayathnagar, Hyderabad- 500 029, Telangana State. Represented by its Branch Manager
Applicant
VERSUS
Mr. Banavath Tharun, S/o. Banavath Jabbar, Aged 25 years, Occ: Business, R/o. H.No. 5-7-133, Plot No. 350, SKD Nagar, Near Pochamma Temple, Vanathalipurm, B.N. Reddy Nagar, Ranga Reddy District, Hyderabad - 500 070
Defendant
Counsel for the parties :
For The Applicant R. Mani Kumar For the Defendant Exparte 21.01.2026 27.01.2026 lIr 28.01.2026 2 7 ,td* tlti
(OA. No. 394/202s)
ORDER
The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.21,16,385.64 Ps. (Rupees Twenty One Lakhs Sixteen Thousand Three Hundred Eighty Five and Paise Sixty Four Only) with future interest @14.00o/o p.a with monthly rests including Penal interest @2%p.afrom the date of this application till the date of realization and in default for sale of Hypothecated Movables as mentioned in the Schedule Property to OA.
l' '1 27
(OA. No. 394/2025)
The Defendant is liable to pay to the Applicant Bank a total sum of Rs.21,16,385.64 Ps. (Rupees Twenty One Lakhs Sixteen Thou;gp,*=I-he-9 Hundred-Eighty Five and Paise Sixty F_opr, oily)rvith re interest @ 12.00% p.a from the date of thi$iapplicalion till of realization.
(oA. No. 39al202s)
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open murt on this the 27th day ot Jan, 20261
sd/(G. GOPTCHAND) PRESIDING OFFICER
^:m:
Canara Bank, Hyderabad Stock exchange Branch, (HSE Branch)
Gummadigopichand
Presiding Officer
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
