The Tribunal allowed the Applicant Bank's Original Application. It held the bank established its claim for loan recovery of Rs.4,82,88,053.00 plus future interest, making defendants jointly and severally liable.
Defendants jointly and severally liable to pay Rs.4,82,88,053.00 plus future interest; recovery certificate issued.
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IN THE DEBTSRECOVERY TRIBUNAL -I AT HYDERABAD DATED THIS THE O2NdDAY OF FEBRUARY'2026
PRESENT: SRIGUMMADI GOPICHAND, PRESIDING OFFIGER
OA. No. 528 OF2025
Between:
Bank of Baroda, Hyderabad MainBranch, 4-1-36, HanumanTekdi, Abids Circle,HYderabad -500 001. Represented byits Asst. General Manager
Applicant
VERSUS
H.No. 87-'1388 -N, Sheshadri NagarHousing BoardColony' Kurnool,
Andhra Pradesh -518 002.
(oA. No. s28l202s)
3. Vannam Sravani,
Wo. Unknown, Age Major, Occ. Business,, R/o. H.No. 87-1388 -N, Sheshadri Nagar HousingBoard Colony, Kurnool,
Andhra Pradesh - 518 002
Andhra Pradesh - 518002
Defendants
Counsel for theparties:
For The Applicant For the Defendant Reserved on
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G. Venkat Sri Maithreya Exparte 27.01.2026
02.02.2026
02.02.2026
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(oA. No. s28/202s)
ORDER
As per the avermentsin theapplication,the Applicant Bank states that Defendant No.1 is a companyrepresentedby its Directors DefendantsNo. 2 to 4availed CME Term loan of Rs.5.00 Crores repayable inmonthly installments with interest @10.15%p.a with monthlyrests and executedLoancum Hypothecation cum GuaranteeAgreementdaled 28.02.2025 by which the defendantshypothecatedvehiclesmorefully mentioned in schedule toOA in favor of the Applicant Bank' The defendants No. 2 to 4 stoodas a Guarantorand executed General Form of Guaranteedaled 28.02.2025 in favor of the nk. After availing the loanfacility, the defendants the terms of sanction, hencethe applicant bank account as NPA on 08.10.2025and issued
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(OA. No. s28l2025)
Recall Notice cum Demand Notice dated 12.10.2025 to the defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.
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(oA. No. s28l202s)
The Defendants No. 1 lo 4 arejointly and severally liable to pay to the Applicant Bank a total sum of Rs.4,82,88,053.00 Ps. (Rupees Four Crores Eighty Two Lakhs Eighty Eight Thousand and Fifty Three Only) i.e a sum of Rs.68,97,574/-+ Rs.68,97,574l-68,98,572l-+ Rs.68,98,5721-+ Rs.68,99,102/-+ Rs.68,99,102/-+ Rs.68,97,557/- together with future interest @9.40o/op.a from10.10.2025till the date of realization.
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(oA. No. s28l202s)
13. lssue Recovery Certificateaccordingly.
(Dictated to the P.A., transcribed by her, corrected,signed and pronounced by me in the open court on this the 02nd day ofFeb, 2026)
sd/(G. GOPICHAND)
PRESIDING OFFICER
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1 issue framed by the court
Whether the applicant bank is entitled to recover the claim made in the Original Application against the defendants as prayed for?
1 provisions across 1 enactments
Bank of Baroda, Hyderabad Main Branch
Budda Engineering and Constructions Private Limited
Rajasekhar Koditham
Vannam Sravani
Kodithem Vara Lakshmi
GUMMADI GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
