Allowed

Bank of Baroda v. Srikanth

DRT18 Feb 2026OA/555/2025

Case brief

AI extract

What is this about?

TheDebts Recovery Tribunal at Hyderabad allowed the Bank of Baroda's Original Application for recovery of Rs.21,68,937.02 plus interest and costs against an ex-parte defendant, validating the claim supported by marked documents and hypothecated vehicle security.

What did the court decide?

Defendant ordered to pay Rs.21,68,937.02 plus future interest at 10.45% p.a.; recall of hypothecated vehicle security; Recovery Certificate issued.

Bank of Baroda versus Srikanth — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-]I AT HYDERABAD

¶2

DATED THIS THE 18TH DAY OF FEBRUARY, 2026

¶3

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

¶4

ORIGINAL APPLICATION No: 555 OF 2025

¶5

Bank of Baroda., Branch OFfice at Ra mantha^pu r Medchal - lvla lkajgiri, T.S. Rep. by its GPA Holder.

¶6

Versus

¶7

14r. Gorla Snkanth, S/o. Mr. Samrajyam Gorla, R/o.H.No,12-ll-456, Na malag und u l.4usheerabad, Near HDFC Bank Building l4usheerabad, Hyderabad, Tela nga na-500020.

¶8

.. . Defendant

¶9

: f4s. D. Bala Counsel for the Applicant Defendant : Ex- parte

¶10

:: ORDER ::

¶11

The Applicant Bank filed the^present OA for the recovery a^total sum of Rs.21,68,937.02ps as on 31.05.2025 from^the defendant with future interest @10.45olo^p.a. with^monthly rests from 31.05.2025 till the date of realization along^with costs and in default for sale of hypothecated^vehicle.

¶12

Summon served on sole defendant through^{paper publication} and was set ex-parte on 05.12.2025^{as called absent and no} representation. ,.,rO

¶13

2 oA.NO.sss/202s

¶14

3, The Applicant Bank examined Rathod Prakash Ramulu, Manager, as AW-1 and marked 23 documents through him as Ex.A.1 to Ex.A.23.

¶15

Heard the Ld. Counsel for the Applicant Bank. Perused the material placed on record.

¶16

The point that arises for consideration is:-

¶17

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hypothecated vehicle?

¶18

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.23 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶19

In the result, the present Original Application No.555/2025 is allowed as under:^-

¶20

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.21,68,937.02ps with future interest @10.45olo p.a. simple from the date of application till the date of rea lization;

¶21

ii) the OA claim is secured by way of hypothecation of vehicle described in the schedule annexed to the OA and the h.u,,r :.. I''

¶22

'ri'"

¶23

oA.NO.ss5/2025

¶24

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;

¶26

iv) the applicant bank is entitled for the costs.

¶27

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

¶28

9 Issue Recovery Certificate accordingly.

¶29

10 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 18th Day of February, 2026).

¶30

, iti*,, , ,. , '':'-(RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Baroda v. Srikanth

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. Srikanth

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

Ganesh Rajesh versus Yms Finance Private Limited

Gummadavelli Ganesh versus Cholamandalam Investment and Finance Company Limited

Turpu Ramesh versus Can Fin Homes Ltd.

Union Bank of India versus M/s. Sri Venkateswara Agencies.

Punjab National Bank versus Shri Pulluri Sairam

Canara Bank versus M/s. Chandana Apparels