Allowed

Canara Bank v. Kasira Lavanya

DRT8 Jul 2026OA/474/2026

Case brief

AI extract

What is this about?

In OA No.474/2026 before the DRT-II, Hyderabad, the applicant bank sought recovery of Rs.29,79,027.14 from two individuals and a company as mortgagors. The defendants were ex-parte. The court found the bank's claim established by evidence and Documents A.1 to A.20.

What did the court decide?

Defendants ordered to pay principal sum with future interest and costs; bank directed to file cost memo and issued Recovery Certificate.

Canara Bank versus Kasira Lavanya — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDEMBAD DATED THIS THE OSTH DAY OF ]ULY, 2026 PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), r\4.A. PRESIDING OFFICER

¶2

ORIGINAL APPLICATION No: 414 OF 2026

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Canara Bank., Suchitra Circle Branch,^plot No.115/1 Green Park Colony, Suchitra Main Road Jeedimetla, Medchal Ma lkajgiri District Telangana State - 500055. Rep. by its Authorized Signatory.

¶4

.....Applicant.

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Versus

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Smt. Kasira Lavanya, W/o. Mr. Kasira Sridhar, Aged about 45^years Occ: House Wife, R/o. Flat No.001 Shakthi Ganesh Nagar, Near^patanjali Stores, HT Road, Alwal, l4edchal Malkajgiri District, Telangana - 5OOO10.

¶7

Sri Kasira Sridhar, S/o. Sri. K. Komuraiah Aged about 49 Years, Occ:^pvt. Employee R/o. Flat No.001, Shakthi canesh Nagar Near Patanjali Stores, HT Road, Alwal, Medchal Malkajgiri District, Telangana - 500010.

¶8

Beccun Infrastructures Limited., Represented by its Managing Director Mr. Prashanth Kumar Puram, S/o.Not Known Aged 14ajor, R/o. Flat No.102, 1st Ftoor Model House, Panjagutta, Hyderabad-500082.

¶9

... Defendants

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Counsel for the Applicant : Mr. Daram Srinivasulu Defendants : Ex-parte I trt'r '-' L-s'

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oA.NO.474/2026

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:: qLLEL^::

¶13

The Applicant^{Bank filed the present OA for the recoverya total} sum of Rs.29,79,0271-^{as on 25.12.2025 fromthe defendants} jointly and severally with future^{interest @10'45o/o p aat} monthly rests^frcm25 '12.2025^{tlll the date of realizationalong} with costs and in default^{for sale of OA scheduleproperty'}

¶14

Vakalat of D1 and 2^{not filed and was set ex-parteon} 06.07.zozi as called absent^{and no representation.}

¶15

The Applicant^{Bank examined Meghavath Suresh,Chief} Manager, as AW-1 and^{marked 20 documentsthroughhimas} Ex. A.1 to Ex. A.20.

¶16

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 property?

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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.20 marked on^{behalf of the ApplicantBank} clinches the claim of the Applicant^{Bank against the Defendants.} Hence, I hold that the Defendants are^{jointly and severallyliable} to pay the OA claim to the Applicant BankJ{ith future^interest and costs. //M.zq s Otj "

¶20

oA.NO.474l2026

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In the result, the^{present Original ApplicationNo.47412026is} allowed as under:^-

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i) The Defendants are^jointly and severally liable to^pay to the Applicant^Bank a^{sum of} Rs.29,79,021l- with future interest @7.35o/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 property 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;

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iv) the applicant bank is entitled 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 OSth Day of July, 2025).

¶30

Dw*u (Mt"fEsHwAR KOTHE) PRESIDING OFFICER

Canara Bank v. Kasira Lavanya

Case brief

What is this about?

What did the court decide?

Canara Bank v. Kasira Lavanya

Case brief

What is this about?

What did the court decide?

What the court decided

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