Allowed

Union Bank of India v. M/s. Lubna Enterprises.

DRT2 Jul 2026OA/502/2026

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the bank's application for recovery of dues amounting to Rs. 51,47,759.77 plus interest and costs from the respondents, noting their joint and several liability.

What did the court decide?

Defendants ordered to jointly and severally pay Rs. 51,47,759.77 plus future interest at 8.70% p.a. and costs; Recovery Certificate issued.

Union Bank of India versus M/s. Lubna Enterprises. — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.]I AT HYDERABAD

¶2

DATED THIS THE O2ND DAY OF JULY, 2026

¶3

PRESENT: SH. RAMESHWAR KOTHE, B.COM., L.LB.^(HONS.), M.A. PRESIDING OFFICER

¶4

ORIGINAL APPLICATION No: 502 OF 2026

¶5

Union Bank of India., Seven Road Branch,21 - 32, NS Plaza Guntha Bazar, T Roads Circle, Kadapa-516001. Rep. by its Authorized Signatory.

¶6

.....Applicant.

¶7

Versus

¶8

M/s. Lubna Enterprises., A Proprietor Concern, Represented By its Proprietor, Mr. Shaik Kareemulla Office at 10-276-16, Bellary Road Near Ayesha School, Ameen Peer Road, Kadapa, A.P - 516001.

¶9

Mr. Shaik Kareemulla, S/o. S l,laqbul Basha, Aged about 59 Years Occ: Business, Male, R/o. 70-276-16 Bellary Road, Near Ayesha School Ameen Peer Road, Kadapa, A.P - 516001.

¶10

... Defendants

¶11

Counsel for the Applicant : Mr. V. Dyumani

Defendants

: Ex-parte

::^qLLE& ::

The Applicant Bank filed the^present OA for the recovery a^total sum of Rs.51,47,759.77ps towards Cash credit^A/c.No. 008615010000010 from the defendants^jointly and^severally with future interest @16.25olo^p.a. with monthly^{rests from the} date of application till the date of^{realization along with costs} and in defautt for sale of^hypothecated at "effi#

¶16

oA.NO.502/2026

¶17

Summons served on D1 and 2. They were set ex-parte on 25.06.2026 as called absent and no representation.

¶18

The Applicant Bank examlned Bhumireddy Sujana, Chief Manager, as AW-1 and marked 23 documents through her as Ex. A.1 to Ex. A.23.

¶19

4- Heard the Ld. Counsel for the Applicant Bank. Perused the material placed on record.

¶20

The point that arises for consideration is:-

¶21

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets ?

¶22

As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.23 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.

¶23

In the result, the present Original Application No.502/2026 is allowed as under: -

¶24

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.51,47 ,759.77ps towards Cash Credit A/c. No. 008615010000010 with future interest ow*

¶25

oA.NO.502/2026

¶26

¶27

@8.70%^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 assets described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debU

¶29

iii ) the applicant bank is also entitled to proceed against the person and propertles 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 o2nd Day of July, 2025).

¶34

ffir*, (d*tvfesn'iilnR KorHE) PRESIDING OFFICER

Union Bank of India v. M/s. Lubna Enterprises.

Case brief

What is this about?

What did the court decide?

Union Bank of India v. M/s. Lubna Enterprises.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

Central Bank of India versus M/s. Sri Laxmi Agencies

Union Bank of India versus M/s. Fruitbros

Mustafa Gold And Jewelers versus Shriram Finance Limited

Union Bank of India versus M/s. Shaik Abudl Sattar.

State Bank of India versus Venkatram

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