Allowed

Canara Bank v. Mrs. Yerukali Chendramma

DRT11 Aug 2026OA/412/2026

Case brief

AI extract

What is this about?

In Debt Recovery Tribunal proceedings for recovery of a term loan of Rs. 20,00,000/- along with interest and penalties, the court allowed the application against the defendant who remained absent. The applicant bank was entitled to recover the debt, advance sale of mortgaged property, and costs. A recovery certificate was issued.

What did the court decide?

Allowed OA; recovery of Rs. 21,71,653.94; future interest; sale of mortgaged property; recovery certificate; costs.

Canara Bank versus Mrs. Yerukali Chendramma — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS^{RECOVERY TRIBUNAL} -^{IAT HYDERABAD}

¶2

DATED THIS THE^{11Ih DAY OF AUGUST,2026}

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PRESENT:^{SRI GUMMADI GOPICHAND, PRESIDING OFFICER}

¶4

OA. No. 412 OF²⁰²⁶

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Between;
CanaraBank, Polepalle branch, H.No.5-39,Near^{PrimarySchool,} Polepalle,Mahbubnagar, Telangana-509302 Represented by^{itsAuthorized Officer}		Applicant
VERSUS
Mrs.Yerukali Chendramma WoLate Krishnaiah, Aged45years,^{Occ:Agriculture,Female,} H.No.3-63,PothireddYPallY, Mahbubnagar, Telangana-⁵⁰⁹²¹⁵		Defendant
Counsel for^theParties^:
ForThe APPlicant	N. lndira
Forthe a""""affi<br>-//r's--- =frg Pronoqrf,g$ong+	Exparte 10.08.2026 11.08.2026
* Uproad::,q.ffii} 1r$a (u(":	11.08.2026

¶6

(OA. No. 4L2120261

¶7

ORDER

¶8

The Applicant^{Bank filed the present oA against Defendant} forrecoveryofatotalsumofRs.21,7l,653.94'Ps'(Rupees TwentyoneLakhsSeventyoneThousandSixHundredand FiftyThreeandPaiseNinetyFouronly)withfuturerateof interest @11.45%^{p.a with monthly rests along with penal} interest @2%^{p.a from the date of this application till the date} of realization^{and in defaultfor sale of MortgagedProperty as} mentioned^{in the Schedule of property to OA'}

¶9

¶10

Aspertheavermentsintheapplication,theApplicantBank states^{that Defendant availedTerm Loan facility of Rs'20'00'000/-} [email protected]%p.aand executed^{necessaryloan documentssuch as Loan Agreement} dated2S.ol,2o23infavoroftheApplicantBank.The Defendant^{created EquitableMortgage morefully mentionedin} schedule^{of Property to the oA and executed Memorandum of} Deposit^{of Title Deeds dated 23.01.2023 and depositedoriginal} sale Deed^{in favor of the ApplicantBank' After availingthe} loan facility,^{the defendant failed to comply the terms of} sanction,^{hence the applicantbank classified the accountas} NPAandissueLegalNoticedatedll.05.2026tothe lnspite of^{several requests and demands' the} clear the^{outstanding'Hencethis OA'}

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(oA. No.41212026)

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Defendantcalledabsentandsetexparteonl0.03'2026.

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the APPlicant^Bank 4. Sri. Goggi^{Raghuram,Senior Manager of} relevant^documents, examined^{himself as AW'1 and exhibited} which are^{marked as Ex'A'1to A 9'}

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Heard^{the Ld' Counsel for the Applicant Bank'}

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is whether^{the APPlicant} 6. The^{point that arise for consideration} in the OA^againstthe bank is^{entitled for the claim made} Defendant^as PraYed^for?

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Defendant^{remainedexparte' To substantiate the case of the} Applicant^{Bank, AW'1, official of the Applicant Bankwas} examined^{and he exhibited relevant documents as Ex'A'1 to} A.9. In^{view of the above, I hold that the Applicant Bank has} established^{their claim made in the OA against the Defendant and} hence^{the Applicant Bank is entitled to recover the claim made in} the OA^{with future interest and costs'}

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

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to the^{APPlicantBank a totalsum} The TwentY^{One LakhsSeventY} Fifty Three^{and Paise NinetY} interest @11.45%^{P'a from} date of^realization.

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(oA. No. a1212026)

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against the^Mortgaged o The Applicant^{Bank is entitled to proceed} of ProPertY^{to the OA} Property^{as mentioned in the Schedule} towards^{realization of the debt due'}

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The Applicant^{Bank is also entitled to proceed against the person} and^{propertiesof Defendanttowards realization of the debt due'}

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That Applicant^{Bank is entitled to the costs of the OA'}

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The Applicant^{shall file a costmemo withintwo weeks from the} date of^{receiPt of order'}

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lssue^{Recovery Certificate accordingly'}

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Communicate^{a copy of the order to the parties concerned'} (Dictated to the P.A, transcribed^{by her' corrected' signed and pronouncedby me in the open court on} this the^{11th day of Aug, 2026)}

¶26

sdr-
(G. GOPICHAND)
PRESIDING OFFICER

¶27

IKoElpoP)ry<^
Q, g;\rfrit"
' acst Re6rir
OET.', HYDENABAI

¶28

Canara Bank v. Mrs. Yerukali Chendramma

Case brief

What is this about?

What did the court decide?

Canara Bank v. Mrs. Yerukali Chendramma

Case brief

What is this about?

What did the court decide?

What the court decided

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