Allowed

Punjab National Bank v. M/s. Pushpa Earth Movers.

DRT25 Jun 2026OA/423/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by Punjab National Bank for recovery of a sum of Rs. 37,28,744.05 with future interest from three defendants appearing ex-parte, securing the claim through mortgage properties.

What did the court decide?

Defendants to pay Rs. 37,28,744.05 with future interest @ 9.45% p.a.; claim secured by mortgage properties; recovery certificate to be issued.

Punjab National Bank versus M/s. Pushpa Earth Movers. — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-]I AT HYDERABAD DATED THIS THE 25TH DAY OF JUNE, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), 1.4.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 423 OF 2026

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Punjab National Ba n k., Asset Recovery Manaqement Branch 6-3-865, My Home Jupally, Ameerpet Green Lands, Opp: Green park Hotel Hydera bad - 500016. Rep. by its Authorlzed Signatory.

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.....Applicant.

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Versus

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M/s. Pushpa Earth Movers., Rep by its Proprietor, Smt. Ramavath Pushpalatha, D.No.5-34, Neemanaik Thanda, Peddavoora Manda l, Chalakurthy Nalgonda, Tela nga na - 508202.

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Smt. Ramavath Pushpalatha W/o. Ramavath Babu, Aged 34 Years Occ: Business, D.No.5-49, Neemanaik Thanda, Peddavoora Manda l, Chalakurthy Na lgonda, Telangana - 508202.

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Mr. Ramavath Babu S/o. Ramavath Harja, Aged 36 Years Occ: Business, D.No.5-49, Neemanaik Thanda, Peddavoora Manda l, Chalakurthy Na lgonda, Telangana - 508202.

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... Defendants

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Counsel for the Applicant : Mrs. Ayesha Kazi Defendants :Ex-parte

:Ex-parte

0%*t

oA.NO.423l2026

:: (LL9_LL ::

The Applicant Bank filed the^present OA for the recovery a total sum of Rs.37l28,744.05ps as on 28.02.2026 from the defendants^jointly and severally with future interest @8.20% p.a. with monthly rests along with 2yo penal interest from the date of application till the date of realization along with costs and in default for sale of OA schedule^properties.

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Summons sent to D1 to 3 returned with endorsement refused hence, deemed to be served. They were set ex-parte on 24.06.2026 as called absent and no representation.

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The Applicant Bank examined SK Tawkeer Hasan, Legal Manager, as AW-1 and marked 22 documents through him as Ex. A.1 to Ex. 4.22.

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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 schedule properties?

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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.22 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 /Zv"'n '-' '

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and costs. U/'-og.'"

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oA.NO.42tl2026

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In the result, the present Original Application No.423/2026 is allowed as under; -

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i) The Defendants are joinUy and severally liable to pay to the Applicant Bank a sum of Rs.37,28,744.05ps with future interest @9.45o/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 mortgage of properties 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 entitled to proceed against the person and properties of defendants for realization of its dues; iv) the applicant bank is entiiled 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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q 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 25th Day of June, 2026). /fur"*

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(RBMESHWAR KOTHE) PRESIDING OFFICER

Punjab National Bank v. M/s. Pushpa Earth Movers.

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. M/s. Pushpa Earth Movers.

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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