Allowed

Union Bank of India v. M/s. Wings On Wheels.

DRT2 Jul 2026OA/497/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by Union Bank of India for recovery of a term loan from defendants who remained ex-parte. The court directed payment of principal, reduced interest, and costs with a recovery certificate.

What did the court decide?

Payment of Rs.7,22,49,823/- plus interest at 9.30% p.a. and costs; issuance of recovery certificate.

Union Bank of India versus M/s. Wings On Wheels. — DRT (2026) — LawSathi Research

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE O2ND DAY OF JULY, 2026

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

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ORIGINAL APPLiCATION No: 497 OF 2026

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Union Bank of India., Seven Road Branch,21 - 32, NS Plaza Guntha Bazar, 7 Roads Circle, Kadapa-s16001. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Wings On Wheels., A Partnersh ip Firm., Represented By its Partner, Mr. Pitter Shaifuddin And Mr. G. Tirumala Rao, Survey No 351/1, D.No.8/187, WOW Hero Showroom Almaspeta, Kadapa, YSR District - 516001.

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Mr. Pitter Shaifuddin, S/o. Mahaboob Peeran Pitter, Aged about 48 Years Occ: Business, Male, R/o. D. No.2- 17- 1 Kareembag, Banaganapalle, Kurnool District - 518124.

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Mr. G. Tirumala Rao, S/o. G Pandu Rangaiah, Aged about 52 Years Occ: Business, Male, R/o. D. No.211598 Palem Papaiah Street, Seven Roads YSR Kada pa - 516001.

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Mr. Shaik Mohammed Naved, S/o. Late S Abdul Sattar, Aged about 56 Years Occ: Buslness, Male, R/o. D. No.8/ 188- 1 Almaspeta, YSR Kadapa District-516001.

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... Defendants

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Cou nsel for the Applicant
Defenda nts

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Mr. V. Dyumani

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Ex- pa rte
/A"*6.'<br>u// 9-

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2 oa.No .497 12026

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.7,22,49,823/- towards Term Loan A/c. No. 008616400000006 from the defendants jointly and severally with future interest @13.80o/o p.a. with monthly rests 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 served on Dl to 4. They were set ex-parte on 25-06.2026 as called absent and no representation.

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The Applicant Bank examined Bhumireddy Sujana, Chief Manager, as AW-1 and marked 21 documents through her as Ex. A.1 to Ex. A.21.

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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.21 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 and costs. /d2:,* , L," i):"

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0A.NO.497 /2026

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In the result, the present Original Application No.497/2026 is 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.7,22,49,823/- towards Term Loan A/c. No. 008616400000006; with future interest @9.30o/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;

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iv) the applicant bank is entitled for the costs.

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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 02"d Day ofJuly, 2026). ,/A,

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,/A, /AY$L

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rn6o6rfltntKorHE) PRESIDING OFFICER

Union Bank of India v. M/s. Wings On Wheels.

Case brief

What is this about?

What did the court decide?

Union Bank of India v. M/s. Wings On Wheels.

Case brief

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What did the court decide?

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