The Debt Recovery Tribunal allowed an Original Application filed by Indian Bank for recovery of Rs. 26,72,217.27 along with interest and costs from two defendants serving jointly and severally liable.
Directing defendants to pay Rs. 26.72 lakhs with interest and costs; issuing a recovery certificate.
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 27TH DAY OF JULY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.COM.L.LB. (HONS.),M.A' PRESIDING OFFICER
ORIGINAL APPLICATION No: 617OF 2026
INDIAN BANK
Having it's Head Office at Avvai Shanmugam Salai, Royapettah, Chennai,Tamil Nadu, 600014' And one of its branch atNagariSt, Babu Agraharam,Kothapet,Srikalahasti, Andhra Pradesh- 517644 Rep. by its Br. Branch Manager ""'Applicant
Versus
Counsel forthe Applicant: Mr' Hemanth Kumar Vemuri
Defendants : Ex-Parte
:: ORDER::
oA.NO.61712026
along withpenal interest @2o/o p.a. from 18.01 .2026 till the date of realizationalongwith costs.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
i) The Defendants 1 & 2 are jointly and severally liable to pay to the Applicant Bank a sum Rs. 26,72,217.27 ps with futurqinterest @7n.o
0A.NO.6L712026
@ 11.85%p.a. simple from the date application till the date of reallzation;
ii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;
iii) the applicant bank is entitled for the costs.
(Rnj9-esnwnR KorHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendants?
1 provisions across 1 enactments
Indian Bank
M/s Chetana Enterprises
Mrs. Komindhala Shamala
Rameshwarkoth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
