Allowed

Bank of Maharashtra v. Sri. Thatikonda Sai Kiran

DRT25 Jun 2026OA/504/2026

Case brief

AI extract

What is this about?

The DRT allowed the Bank of Maharashtra's application for recovery of Rs. 85,37,254/- as a housing loan. The court held the defendants jointly liable to pay the loan amount with interest and costs, and directed a recovery certificate to be issued.

What did the court decide?

Defendants directed to pay Rs. 85,37,254/- with interest and costs; Recovery Certificate to be issued.

Bank of Maharashtra versus Sri. Thatikonda Sai Kiran — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDERABAD DATED THIS THE 25TH DAY OF JUNE, 2026

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

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ORIGINAL APPLICATION No: 504 OF 2026

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Bank of Maharashtra., Housing Finance Branch-Hyderabad, Minerva Complex, Ground Floor, S D Road, Secunderabad Hyderabad, Telangana - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Sri. Thatikonda Sai Kiran, S/o. Sri Thatikonda krishna, Res. Add:209 Block D, Dignity Society, Indra Nagar Opp. Saraswati School, Hydera bad Telangana - 500004.

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Also at:-

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Res. Add: H.No.1-55/4/354, Plot 354 Prajay Water Front City, Muraharipally Village, Shamirpet lvlandal, Medcha I Malkajgiri, Telangana - 500101.

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Also at:-

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Plot No.6, 7 and 8, Heavenz 14ulticusine Restaurant, Vittal Rao Nagar, Madhapur Hydera bad, Telangana.

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Smt. Thatikonda Nirmala, W/o. Sri Thatikonda Krishna, Res. Add: 209 Block D, Dignity Society, Indra Nagar Opp. Saraswatl School, Hyderabad Tela ngana - 500004.

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Also at:-

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Res. Add: H. No.1-55/4/354, Plot 354 Prajay Water Front City, lvluraharipally Village, Shamirpet Mandal, lvledchal Malkajgiri, Telangana - 500101. , I.r.sa-,.r. '^'':r-' !! r'

...Defendants

oA.NO.5O4/2026

Counsel for the Applica nt

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: M/s. Chavan & Associates Law Flrm

Defendants

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.85,37,2541- towads Maha Super Housing Loan A/c. No.60506671897 from the defendants jointly and severally with future interest @7.65o/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 property.

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Summons served on D1 and 2. They were set ex-parte on 24.06.2026 as called absent and no representation.

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The Applicant Bank examined Sandip Yergude, Legal Manager, as AW-1 and marked 15 documents through him as Ex. A.1to Ex. A.15.

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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 propefty?

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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.15 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. lM*

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oA.NO.so4l2025

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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.

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In the result, the present Original Application No.504/2026 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.85,37,254/- towards Maha Super Housing Loan A/c. No.60506671897 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 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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oA.NO.504/2026

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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} ihis the 25'n Day of June, 2025). //AYe*t// /tx-

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/ t// /tx<<^{(-\l I} i. _./ (RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Maharashtra v. Sri. Thatikonda Sai Kiran

Case brief

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Bank of Maharashtra v. Sri. Thatikonda Sai Kiran

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