Allowed

Bank of Baroda v. Bewell Herbal Health Care Manufacturers.

DRT5 Aug 2026OA/410/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by Bank of Baroda against borrowers seeking recovery of principal, interest, and costs. The Tribunal found the borrowers jointly and severally liable and permitted the bank to proceed against hypothecated assets and the defendants' properties.

What did the court decide?

Recovery of Rs. 40,87,557/- with future interest and costs; permission to proceed against hypothecated assets and defendants' properties; issuance of Recovery Certificate.

Bank of Baroda versus Bewell Herbal Health Care Manufacturers. — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDERABAD DATED THIS THE OSTH 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: 410 OF 2026

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Bank of Baroda., KPHB Colony Branch, 1-3, Kukatpally Housing Board Colony Phase 1, Kukatpally Hyderabad, Tela nga na - 500072. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Bewell Herbal Health Care Manufacturers., Rep by its Sole Proprietor, lvlohammed Abdul Hadi, S/o. Mohammed Abdul, Qayyum Having Office at H. No.9- 10-21/A/ 12lA Near Golkonda Quilla, Golkonda Hyderabad - 500008.

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Mohammed Abdul Hadi, S/o. I4ohammed Abdul Qayyum, Aged about 32 Years Occ: Business, R/o. H. No.9- 10-426/2/35 Rethi Galli, Golconda Quilla, Near lvlogala Guni, Hyderabad - 500008. ...Defendants

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Counsel for the Applicant : lvlr. G. Venkat Sri Maithreya

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Defendants : Ex- parte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.40,87,557/- i.e., a sum of Rs.22,93,663/- towards Loan A/c. No.64650500000011 and a sum of Rs.17,93,894/towards Loan A/c. No.64650600003003 from the defendants jointly and severally with future interest @12.97o p.a. from l.Aryq,q-.a\

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r^-oB"'

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oA.NO.410/2026

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04.O2.2026 till the date of realization along with costs and in default for sale of hypothecated assets.

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Summons served on D1 and 2 through paper publication. They were set ex-parte on 31.07.2026 as called absent and no representation.

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The Applicant Bank examined VTP Verma Vatsawale, Legal Manager, as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. A.07.

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Heard 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 hypothecated assets?

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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.07 marked on behalf of the Applicant 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.

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In the result, the present Original Application No.410/2026 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 N**

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oA.NO.410/2026

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Rs.40,87,557/- i.e., a sum of Rs.22,93,663/towards Loan A/c. No.64650500000011 and a sum of Rs.77,93,894/- towards^Loan A/c.No.64650600003003; with future interest @l2.4Oo/o^p.a. simple from^{the date of} application till the date of realizatlon;

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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 lts debt;

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

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iv) the applicant bank is entitled for the costs.

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The Appllcant Bank is directed to file Cost^{Memo within2 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 05th Day of August, 2026).

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Ow"" ( RA.ITESHWAR KOTHE) PRESIDING OFFICER

Bank of Baroda v. Bewell Herbal Health Care Manufacturers.

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Bewell Herbal Health Care Manufacturers.

Case brief

What is this about?

What did the court decide?

What the court decided

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