Allowed

Canara Bank v. M/s. Kalyani Restaurant and Bar

DRT14 Jul 2026OA/516/2026

Case brief

AI extract

What is this about?

In OA No. 516 of 2026, the Debt Recovery Tribunal allowed the bank's claim for recovery of a sum of Rs. 65,35,691.99 with future interest and costs, holding the defendants jointly and severally liable and directing the issue of a Recovery Certificate. The respondents appeared ex-parte.

What did the court decide?

Defendants held jointly and severally liable to pay sum with future interest and costs; Recovery Certificate directed to be issued.

Canara Bank versus M/s. Kalyani Restaurant and Bar — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 14TH DAY OF JULY, 2026

¶2

PRESENT: SH. RAMESHWAR KoTHE, B,Com., L.LB. (HonS.), IY.A. PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No: 516 OF 2026

¶4

Canara Bank., S D Road Branch.

¶5

Rep. by its Authorized Signatory.

¶6

.....Applicant.

¶7

Versus

¶8

M/s. Kalyani Restaurant and Bar., Rep by its Prop. Sri. Thatipamula Venugopal, D.No.10-3, plot No.122 Ground & First Floor, Addagutta, East 14aredpally, Secunderabad, Hyderabad-S00026.

¶9

Sri. Thatipamula Venugopal

¶10

S/o. T. Pochaiah, Aged about 52 years R/o. H.No. 70-5-7t7, Tukaram Gate Sai Nagar, Hyderabad - 500017.

¶11

Also at:-

¶12

H.No. 5-77-22/1,^ptot No.67,^part of Sy. No.42l1, Venkateshwa ra Colony Meerpet Village, Uppa I Mandal l4edchal I'4alkajgiri District - 500097. ...Defendants Counsel for the Applicant : I4r.^p. Naga Durga^prasad Defendants : Ex-parte

¶13

The Applicant Bank filed the present OA for the recovery a total sum of Rs.65,35,691.99ps towards OD Loan from the defendants jointly and severally with future interest @1golo p.a. from the date of application till the date of realization along with costs and in default for s!]e of OA schedule property. //)Y,/^ (!,/ \A'' I

¶14

oA.NO.516/2026

¶15

Summons served on^{D1 and 2. They were set ex-parteon} O2.O7 .2026^{as called absentand no representation'}

¶16

The Applicant^{Bank examined Banoth Manthu, SeniorManager,} as AW-1 and^{marked 15 documents through him as Ex' A 1 to} Ex. A.15.

¶17

Heard the Ld. Counsel^{for the Applicant BankPerused the} material Placed on^record.

¶18

The^point that arises for^{considerationis:-}

¶19

Whether the Applicant^{Bank is entitled} for the claim made in the^{OA against} the Defendants and^{OA schedule} property?

¶20

As stated supra,^{the Defendants remained ex-parteThe} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs. A.1 to A.15^{markedon behalf of the ApplicantBank} clinches the claim of^{the Applicant Bank agalnst the Defendants'} Hence, I hold that the^{Defendants are jointlyand severallyliable} to^pay the OA claim to the^{Applicant Bank with future interest} and costs.

¶21

In the result, the^{present OriginalApplication No.516/2026is} allowed as under:^-

¶22

i) The Defendants are^jointly and^severally liable to^pay to the Applicant Bank a^{sum of} Rs.65,35,691.99ps towards OD Loan^with future interest @11.50o/o^p.a. slmple^{from the} date of aDDlication till the date of^realization; Offnr:\

¶23

oA.NO.s1612025

¶24

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;

¶25

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

¶26

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

¶27

9. Issue Recovery Certificate accordingly.

¶28

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 14th Day of July, 2026). fiPs,,* (RATqESHWAR KOTHE) PRESIDING OFFICER

Canara Bank v. M/s. Kalyani Restaurant and Bar

Case brief

What is this about?

What did the court decide?

Canara Bank v. M/s. Kalyani Restaurant and Bar

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

Raj Mangal Singh versus Gic Housing Finance Limited

Smt K Anitha and Another versus Mahaveer Cooperative Urban Bank Ltd.

P Shamsheer Khan versus Piramal Capital and Housing Finance Limited

The Karur Vysya Bank Ltd., versus Mr. P. Muni Goverdhan

Hdfc Bank Ltd. versus Bhavani Traders.

Union Bank of India versus M/S Sameer Motors