Allowed

The Axis Bank Limited v. G Jyothi

DRT24 Feb 2026OA/419/2025

Case brief

AI extract

What is this about?

The Tribunal heard an Original Application filed by Axis Bank for recovery of dues from two defendants. Relying on evidence and hypothecation documents, the court allowed the application, holding defendants liable to pay the sum with interest and permitting the bank to realize dues through hypothecated assets and properties.

What did the court decide?

Defendants directed to pay Rs. 50,27,452 with interest @12% per annum; hypothecated assets and properties made available for realization of dues; costs awarded.

The Axis Bank Limited versus G Jyothi — Contract and Commercial Disputes | DRT (2026)

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]N THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD

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DATED THIS THE 24TH DAY OF FEBRUARY, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (HonS.), IvI.A, PRESIDING OFFICER

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ORIGINAL APPLICATION No: 419 OF 2025

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The Axis Bank Limited Offlce at 5-4-183/184,3'd Floor

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R.P. Road Secundera bad-500003.

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Versus

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G Jyothi

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D/o. Palemoni Yadayya,

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Aged: 40 years, Occ: Housewife,

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Plot No. 231, Badangpet, Near Temple,

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Balapur, Ranga Reddy, Tela nga na- 5000 58.

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G. Sidaiah,

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S/o. G Pentaiah,

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Aged: 50 years, Occ: Business,

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Plot No. 231, Badangpet, NearTemple, Balapur, RangaReddy,Telangana-500058. ...Defendants.

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: Mr. Veera Shiva Kumar Counsel for the Applicant

Defendants

: Ex-parte

:: CLLLEL ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.s0,27,4s2/- rrom tffifr-ith future interest

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oA.NO.419/202s

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@18%,^p.a. from the date^{of filing till the date of realization} along with costs and in default for sale of hypothecated assets,

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Publication was filed for D1 and D2. They were set exparte on 08.09.2025 as called absent no representation.

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The Applicant Bank examlned Mr. Syed Shafiuddin,^senior manager, as AW-1 and marked 11 documents through hlm as Ex. A.1 to Ex. A.11.

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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.11 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are 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.419/2025 is allowed as under: -

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i) The Defendants are liable to pay to the Applicant Bank a sum of Rs. 50,27,452l- with ery\a

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oA.NO.419/202s

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future interest @12.05o/o 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 hypothecation of assets 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 entifled to proceed against the person and properties of defendant for realization of its dues;

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iv) the applicant bank is entiUed for the costs.

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B. The Applicant Bank is directed to file Cost Memo within 2 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 24th Day of february, 2026).

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OY*"u (RAMESHWAR KOTHE) PRESIDING OFFICER

The Axis Bank Limited v. G Jyothi

Case brief

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The Axis Bank Limited v. G Jyothi

Case brief

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