DT-I allowed the bank's application for recovery of Rs. 75,19,364/- with interest, holding the defendants liable ex-parte and ordering the issuance of a Recovery Certificate.
Joint and several liability to pay Rs. 75,19,364/- with interest; right to proceed against hypothecated assets and person/properties of defendants; costs awarded.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE 24th DAY OF FEBRUARY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com, L.LB.(Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 528 AF 2425
Axis Bank Ltd., Office at #3-4-LB3/LB4,3rd Floor R. P. Road Secunderabad- 500 003 Represented by its authorised signatory Mr. Syed Shafiuddin S/o. S Maqbool Ahmed Age about 40 years, Occ: Senior Manager- Legal Axis Bank Ltd., R/o. Secunderabad.
......Applicant.
Versus
Also at: R/o. Flat No. 116, Star Lite Pavilion Apts, Patwari Enclave, Ranga Nagar, YMS Function Hall, QutubullaPur, Hyderabad - 500054
oA.NO.s28l2025
Counsel for the Applicant Counsel for the Defendants
: Mr. M. Srinivas Reddy
: Ex-parte
:: ORDER ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefsT
oA.NO.s28l2025
The Defendants are jointly and severally ') liable to pay to the Applicant Bank a sum of Rs. 75,19,364/- with future interest @ 11.25o/o p.a. simple from the date of application till the date of realization;
ii) the OA claim is secured by way of hypothecation of assets described in the schedule annexed to the OA and the applicant is entitled toproceed against the same to realise its debts under respective accounts; 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 entitled for the costs.
(Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 24h Day of February, 2026)
N*
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants and OA hypothecated assets.
Axis Bank Ltd.
M/s SSP Water Supply Rep. by its Proprietor Sri Swaroopa Mantri
Mrs. Swaroopa Mantri
Mr. Mantri Praveen Kumar
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
