Allowed

Indian Bank v. Mr. Shaik Mastan

DRT18 Mar 2026OA/57/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by Indian Bank. The court found the respondents jointly and severally liable to pay the claimed sum based on the evidence affidavit and documentary proof presented, as the respondents appeared ex-parte.

What did the court decide?

Respondents directed to pay Rs. 24,84,454 along with future interest at 8.20% p.a., costs, and the applicant proceeds against mortgaged property and respondents' personal property.

Indian Bank versus Mr. Shaik Mastan — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 1BTH DAY OF MARCH, 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: 57 OF 2026

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Indian Bank., Padmavathi Nagar Branch Nandyal 402, Padmavathi Nagar Main Road, Nandyal Post & Mandal & District (Erstwhile Kurnool District) Andhra Pradesh, India 518501. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Mr. Shaik Mastan, S/o. Shiak Nabi Rasool Aged about 53 Years, Occ: Business D.No.21-452-53-10, Farook Nagar Nandyal Post & Mandal & District (Erstwhile Kurnool District) 518501. Andhra Pradesh India.

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Mrs. Shaik Munthaj, W/o. Shaik Mastan Occ: House wife, D.No.21 -452-53-L0 Farook Nagar, Nandyal Post & Mandal & District (Erstwhile Kurnool District) 518501. Andhra Pradesh India. ...Defendants

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: M/s. B. Sivakumar Counsel for the Applicant Defendants : Ex-parte

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:: Qpf(::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,84,454l- as on 25.1L.2025 from the defendants jointly and severally with future interest @8.200lo p,a. with monthly rests from the date of application till the date of 4Wt'" a

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oA.NO.57l2026

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realization along^{with costs and in defaultfor sale of OA} schedule ProPerty.

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Summons served^{on D1 and 2. They were set ex-parteon} 12.03.2026 as^{called absentand no representation'}

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The Applicant^{Bank examinedE,NageswaraRao, Branch} Manager, as^{AW-1 and marked 13 documentsthrough him as} Ex. A.1 to Ex.^A.13.

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Heard the Ld'^{Counselfor 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 entitted} for the claim made^{in the OA against} the Defendants and^{OA schedule} proPertY?

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As stated supra, the^{Defendants remained ex-parte'The} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs. A.1 to A.13^{markedon behalf of the Applicant Bank} clinches the claim^{of the Applicant Bank against the Defendants'} Hence,IholdthattheDefendantsarejointlyandseverallyliable to^pay the OA claim to^{the Applicant Bank with futureinterest} and costs.

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In the result, the^{present Original ApplicationNo'57/2026 is} allowed as under:^-

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i) The Defendants are^{jointly and severally} liable to^pay to the^Applicant N*^{Bank a sum of}

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oA.NO.s7l2026

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l I

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Rs.24,84,454l- with future interest @g.20% p.a. simple from the date of application till the date of rea lization;

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ii) the OA claim is secured by way of mortgage of property 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 entiued to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entiued for the costs.

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R The Applicant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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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 18th Day of March, 2026).

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HWAR KOTHE) PRESIDING OFFICER

Indian Bank v. Mr. Shaik Mastan

Case brief

What is this about?

What did the court decide?

Indian Bank v. Mr. Shaik Mastan

Case brief

What is this about?

What did the court decide?

What the court decided

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