Allowed

The Axis Bank Ltd. v. M/s. Khyathi Enterprises.

DRT17 Aug 2026OA/622/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal, Hyderabad dismissed an ex-parte application where Axis Bank sought recovery of Rs. 86,49,818/- from Khyathi Enterprises and partners. The court accepted evidence, held defendants liable, allowed the application, directed recovery proceedings, and issued a recovery certificate.

What did the court decide?

Defendants to pay Rs. 86,49,818/- with future interest at 12.25% p.a.; bank entitled to proceed against hypothecated assets and defendants' properties; costs and Recovery Certificate issued.

The Axis Bank Ltd. versus M/s. Khyathi Enterprises. — Company and Corporate | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 17TH DAY OF AUGUST, 2026 PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATIoN No: 622 oF 2025

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The Axis Bank Ltd., Having it office at 5-4-183 /L84, 3d Floor R P Road, Secunderabad - 5OOOO3. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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M/s. Khyathi Enterprises., Rep by its^partners, Mr. K Anil & Mrs. K Chandana, Office at 3_t_t2/2o3 Flat No.203,^plot Nos. 45, 46, St & 52 Aurotwin Town, Block A, Jaya Deepika Estates, Rajeevgandhi Na9ar, Bachupally Hyderabad - 5000s0.

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Mr. K Anil, S/o. Rama Rao Aged about 46^years, Occ: Business One of the^partners of M/s. Khyathi Enterprises, R/o. H. No.3- 1- 121203 Flat No.203, Plot Nos. 45, 46, 51 & 52 Aurotwin Town, Block A, Jaya Deepika Estates, Rajeevgandhi Nagar, Bachupally Hyderabad - 500090.

¶8

Mrs. K Chandana, Wo. K Anil Aged about 38 Years, Occ: Business One of the Partners of M/s. Khyathi Enterprises, R/o. H. No.3- 1- 121203 Flat No.203, Plot Nos. 45, 46, 57 & 52 Aurotwin Town, Block A, Jaya Deepika Estates, Rajeevgandhi Nagar, Bachupally Hyderabad - 500090.

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... Defendants

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Counsel for the Applicant Defenda nts

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: Mr. M. Srinivas Reddy ex'oarte ' 1ff/ltt$

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oA.NO.622l202S

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:: ORDER ::

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The Applicant Bank fited the present OA for the recovery a total sum of Rs.86,49,818/- from the defendants joinuy and severally with future interest @19% p.a. with quarterly interests from the date of application till the date of realization along with costs and in default for sale of hypothecated assets.

¶15

Summons served on D1 to 3 through paper publication. They were set ex-parte on 11.06.2026 as called absent and no representation.

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The Applicant Bank examined Syed Shafiuddin, Senior Manager, as AW-1 and marked 12 documents through him as Ex. A.1 to Ex. A.12.

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Heard the Ld. Counsel for 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 hypothecated assetsT

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As stated supra, the Defendants remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.12 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinHy and severally liable to pay the OA claim to the Applicant Bank with future interest and costs. ku*X

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oA.NO.6?212025

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In the result, the present Original Application No.622/2025 is allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.86,49,818/- with future interesl @12.25o/o p.a. simple from the date of application till the date of realization;

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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;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file 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 17th Day of August, 2026). (fu.'* (MMTSHWAR KOTHE) PRESIDING OFFICER

The Axis Bank Ltd. v. M/s. Khyathi Enterprises.

Case brief

What is this about?

What did the court decide?

The Axis Bank Ltd. v. M/s. Khyathi Enterprises.

Case brief

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What did the court decide?

What the court decided

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