Allowed

The Yes Bank Limited. v. Mrs. a Sammakka

DRT27 Jan 2026OA/517/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed the Original Application filed by Yes Bank Limited against joint Defendants seeking recovery of Rs.24,48,767.05 with future interest. The Tribunal held Defendants jointly liable and permitted realization from hypothecated vehicle and properties.

What did the court decide?

Defendants ordered to jointly pay Rs.24,48,767.05 with future interest; rights to realize dues from hypothecated vehicle and personal properties granted.

The Yes Bank Limited. versus Mrs. a Sammakka — Execution and Attachment | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 27TH DAY OF ]ANUARY, 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: 517 OF 2025

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The YES Bank Limited., Office at #1-8-387, znd Floor, Agravanshi Plaza, HUDA Lane, S.P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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t. lvlrs. A Sammakka, W/o. A Rajesh Aged about 59 Years, Occ: Self Employed R/o. H.No.23-2-1lA/143, New Shayampet Surj ithnagar Colony, Hanam konda Waranqal District - 506001,

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Mr. A Raju Kumar, S/o. A Rajesh Aged about 37 Years, Occ: Business R/o. H.No.23-2-1lA/143, New Shaya m pet Su rjithnaga r Colony, Hanamkonda Warangal District - 506001.

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...Defendants

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Counsel for the Applicant

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Defendants

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: Mr. N4. Srinivas Reddy

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: Ex-parte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,48 ,767,05ps from the defendants jointly and severally with future interest @180/0 p.a. compounded with monthly rests from 05.02.2025 till the date of realization along with costs and in default for salrI of hYplwelvehide.

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oA.NO.s171202s

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Summons served on D1 and 2. They were set ex-parte on 01.09.2025 as called absent and no representation.

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The Applicant Bank examined Sai Pavan Gudivada, Legal Manager, as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. A.07.

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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 hypothecated vehicle?

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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.07 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.

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In the result, the present Original Application No.5t7/2025 is allowed as under:^-

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i) The Defendants are jointly and severally Rs.24,48,767.05ps with future interest @12.Sto/o p.a. simple from the date of application till the date of realization; rt - 1:

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oA.NO.517l202s

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ii) the OA claim ls secured by way of hypothecation of vehicle 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 a cco rd in g ly.

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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 27th Day of January, 2026).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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The Yes Bank Limited. v. Mrs. a Sammakka

Case brief

What is this about?

What did the court decide?

The Yes Bank Limited. v. Mrs. a Sammakka

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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