Allowed

M/s. Yes Bank Ltd. v. Mrs. Gajjela Vasantha

DRT4 Feb 2026OA/485/2025

Case brief

AI extract

What is this about?

Allowed an original application filed by a bank for recovery of a loan amount of Rs. 39,54,518.36 along with interest and costs from defaulting borrowers and a corporate entity, holding them jointly and severally liable and permitting realization against hypothecated vehicles.

What did the court decide?

Defendants held jointly and severally liable to pay Rs. 39,54,518.36 with interest; OA claim secured by hypothecated vehicles; bank entitled to proceed against person and properties; recovery certific

M/s. Yes Bank Ltd. versus Mrs. Gajjela Vasantha — Company and Corporate | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

¶2

DATED THIS THE O4TH DAY OF FEBRUARY,2026

¶3

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

¶4

ORIGINAL APPLICATION No: 485 OF 2025

¶5

M/s. YES Bank Ltd., 2nd Floor, H.No. 1-8-387, Agravanshi Plaza, HUDA Lane, S.P Road, Secunderabad-SOO0O3. Rep. by its Authorized Signatory.

¶6

.....Applicant.

¶7

Versus

¶8

Mrs. Gajjela Vasantha D/o. Mr. Ashaiah Thodeti H.No. t-82/2, Rekufthi, Near Bus Stop Karimnagar Mandalam, Karimnagar Telangana - 505001.

¶9

Mr. Gajjela Swamy, S/o.Mr.Gajjela Mallaiah, H.No. l-8212, Rekurthi, Near Bus Stop, Karimnagar Mandalam Karimnagar, Telangana - 505001.

¶10

Mr. Gajjela Sandeep, S/o. Mr. Gajjela Swamy, H,No. t-82/2, Rekurthi, Near Bus Stop, Karimnagar Mandalam Karimnagar, Telangana - 505001.

¶11

M/s. Sunstone Crusher Industries., Represented by its Partner Mr. Gajjela Swamy, Sy.No.B18 Annalam (V), Manarondur (M) Near Bus Stop, Karimnagar, Telangana-505469.

¶12

... Defendants

¶13

Counsel for the Applicant : M/s. N. B. Sudarshan

¶14

Defendants N": Ex-parte

oA.NO.485/2025

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.39,54,518.36ps from the defendants jointly and severally with future interest @18o/o p.a. from the date of application till the date of realization along with costs and in default for sale of hypothecated vehicles.

¶19

Summons served on D1 to 3, whereas summons served on D4 through paper publication. They were set ex-parte on 04.77.2025 as called absent and no representation.

¶20

The Applicant Bank examined Sai pavan Gudivada, Legal Manager, as AW-1 and marked 11 documents through him as Ex. A.1 to Ex. A.11.

¶21

Heard the Ld. Counsel for the Applicant Bank. perused the material placed on record.

¶22

The point that arises for consideration is:-

¶23

Whether the Applicant Bank is enti ed for the claim made in the OA against , the Defendants and OA hypothecated vehicles?

¶24

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 joinuy and severally liable to pay the OA claim to the ApplleQlt Bank with future interest and costs. //Wtu Li_,,^{-^.r-'}

¶25

oA.NO.485/2025

¶26

' 7. In the result, the present Original Application No.485l2025 is allowed as under: -

¶27

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.39,54,518.36ps with future interest @9.25olo p.a. simple from the date of application till the date of realization;

¶28

ii) the OA claim is secured by way of hypothecation of vehicles described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

¶29

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

¶30

'iv) the applicant bank.is entitled for the costs.

¶31

B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

¶32

Issue Recovery Certificate accordingly.

¶33

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 04th Day of February, 2026).

¶34

(0****

¶35

(nAMesriWnR KorHE) PRESIDING OFFICER

M/s. Yes Bank Ltd. v. Mrs. Gajjela Vasantha

Case brief

What is this about?

What did the court decide?

M/s. Yes Bank Ltd. v. Mrs. Gajjela Vasantha

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Pegasus Assets Reconstruction Private Ltd. versus T. Sudhakar Goud

State Bank of India versus M/s. Sigma Containers.

State Bank of India versus M/s. Hundred Lab Services.

M/s.Yes Bank Limited. versus Mr. Nagendra Ravi Kumar Vithanala

M/S. Yes Bank Limited versus Mr. Shaik Madeena Irshad

M/s.Yes Bank Limited., versus Mr. Habeeb Ali Shoeb