Allowed

Punjab National Bank v. Ms Gopi Industry

DRT21 Jan 2026OA/638/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application filed by Punjab National Bank for recovery of a sum of Rs. 28,03,251.04 along with future interest and costs from the defendants. The court held the defendants jointly and severally liable based on evidence presented ex-parte.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 28,03,251.04 with future interest; OA claim secured by mortgage of schedule properties; recovery certificate issues.

Punjab National Bank versus Ms Gopi Industry — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD

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DATED THIS THE 21ST DAY OF JANUARY, 2026

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PRESENT: SH. RAIVIESHWAR KOTHE, B.Com., L.LB. (Hons.), IV,I.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 638 OF 2025

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Punjab Nati,onal Bank., Asset Recovery Management Branch Hyderabad, lvly Home Jupally 1st Floor, Greenlands, Ameerpet Road Hyderabad - 500016. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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lvlls. Gopi Industry., Rep by its Proprietor Gaddikippula Gopi Kisha n, H.No.3-95, Pittalavarigudem Gudurupadu^(Post), Khammam Rural Khammam District, Telangana - 507003.

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Also at:-

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lvlr. Gaddikoppula Gopi Kishan S/o.Shri G. Sangaiah, Age 32 Years Occ: Buslness, Sy.No.116/442, M Venkatapalem Khammam Rural - 507003, Telangana State.

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lYr. Gaddikoppula Gopi Kishan S/o. Shri G. Sangaiah, Age 32 Years Occ: Business, H.No.3-95, Pittalavarigudem Guduru^padu(Post), Khammam Rural Khammam District, Telanqana - 507003.

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lvlls. Sri Vignatha Granites., Rep by its Proprietor, lvlr. Puchakayala KamAlakar, Age 32 Years, Occ: Business Sy.No.163/M, Pallegudem, Khammam Rural Mandal District, Telangana - 507003.

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lvlr. Puchakayala Ka malaka r

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i?,i"13 lll 1ir3['; :i;l}Z; ?ft*ry(+"

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oA.NO.638/202s

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Gudurupadu (Post), Khammam Rural Khammam District, Telangana - 507003.

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... Defendants

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: M/s. M. V. Kini Counsel for the Applicant Defendants : Ex-parteEx-parte

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: Ex-parteEx-parte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.28,03,251.04ps as on 31.05.2025 from the defendants^jointly and severally with future interest @99o p.a. from 01.06.2025 till the date of realization along with costs and in default for sale of OA schedule properties.

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Summons served on D1 to 4. They were set ex-parte on 04.09.2025 as called absent and no representation.

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The Applicant Bank examined S K Tawkeer Hasan, Legal Manager, as AW-1 and marked 15 documents through him as Ex. A.1 to Ex. A.15.

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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 entitled for the claim made in the OA against the Defendants and OA schedule propefties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals it-1 the documents ,frY*'tu ty^.N-'

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oA.NO.538/2025

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viz., Exs. A.1 to A.15 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.638/2025 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.28,03,251.04ps with future lnterest @9olo 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 mortgage of properties described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debu

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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 accofiinsly OW\

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oA.NO.638/2025

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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 21't Day of January, 2025). oL\v'

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(//

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(//

(RAMESHWAR KOTHE) PRESIDING OFFICER

Punjab National Bank v. Ms Gopi Industry

Case brief

What is this about?

What did the court decide?

Punjab National Bank v. Ms Gopi Industry

Case brief

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