The Debts Recovery Tribunal allowed the banks application claiming a loan debt of over Rs 67 lakhs against the applicant and its firm, who were absent.
Allowed OA for payment of Rs. 67,01,807.06 plus future interest at 9.25% p.a., costs, and recovery certificate is to be issued.
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 HYDEMBAD
DATED THIS THE 18l.H DAY OF FEBRUARY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 544 OF 2025
Canara Bank.,
Branch at Borabanda, Hyderabad. Rep. by its Authorized Signatory.
.....Applicant.
Versus
... Defenda nts
Counsel for the Applicant : Mr. P. Naga Durga Prasad
Defendants
: Ex-parte
:: (LLLLL ::
OA.NO.5ir4l2025
2
The Applicant Bank examined Niket Sahare, Chief Manager, as AW-1 and marked 15 documents through him as Ex. A.1 to Ex. A.15.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefs ?
oA.NO.544/2025
Rs.31,03,261.42ps + OD/OCC of Rs.35,98,545.64ps) with future interest @9.25olop.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 bank is entitled to proceed against the same to realise its debt;
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.
(RAMESHWAR KOTHE) PRESIDING OFF]CER
1 issue framed by the court
Whether the Applicants Bank is entitled for the claim made in the OA against the Defendants and hypothecated assets?
Canara Bank Rep. by its Authorized Signatory
Sri. K. Ramshankar Babu Proprietor of M/s. Swarajyalaxmi Industries.
M/s. Swarajyalaxmi Industries.
Rameshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
