Allowed

Canara Bank v. Ms Sabiha Agencies

DRT11 Aug 2026OA/655/2026

Case brief

AI extract

What is this about?

In an ex-parte application for recovery of dues, the tractor tribunal found the defendants liable to pay the applicant bank a principal sum with future interest and directed the sale of mortgaged properties and attachment of assets to recover the dues.

What did the court decide?

The defendants are liable to pay the total sum of Rs. 69,01,646.96 with future interest from the date of application. The OA is secured by way of mortgage of properties and the bank can proceed agains

Canara Bank versus Ms Sabiha Agencies — Execution and Attachment | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 1lTH DAY OF AUGUST, 2026

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

¶3

ORIGINAL APPLICATION No: 655 OF 2026

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Canara Bank, Gooty Branch D.No. 7/988, Near Royal Talkies, Gooty, Ananthapuram District, Andhra Pradesh - 515401

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.....Applicant

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Versus

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M/s Sabiha Agencies Prop. Khateeb Syed Ummar D. No: 5/51, Gooty Fort, Gooty, Anantapur Andhra Pradesh - 515401

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Sri. Khateeb Syed Ummar S/o late Khateeb Syed Hameed H. No: 6/111, Khateeb Street, Gooty, Anantapur, Andhra Pradesh - 515401

¶9

Smt. Khateeb Syed Fairoz Begum WO^{Khateeb Syed Ummar} H. No: 6/111, Khateeb Street, Gooty, Anantapur, Andhra Pradesh - 515401

¶10

Sri. Khateeb Syed Mainuddin S/o Khateeb Syed Ummar H. No: 6/111, Khateeb Street, Gooty, Anantapur, Andhra Pradesh - 515401

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.....Defendants

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Counsel for the Applicant Defendants

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: Mr. P. Sai Chandrasekhar I Ex-parte ogl**

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oA.NO.6ss/2026

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs. 69,01,646.96 ps i.e., Rs. 56,47,929.62 ps towards overdraft loan, Rs. 9,39,700/- towards Vehicle loan and Rs. 3,L4,017.34 ps towards KCC loan from defendants 1 to 4^jointly and severally with future interest @ 12.90o/o p.a. with monthly rests from 20.05.2026 till the date of realization along with costs, and in default sale of OA mortgaged properties.

¶17

Summonses served on Defendants 1 to 4 and were set exparte on 06.08.2026 as called absent and no representation.

¶18

The Applicant Bank examined Mr. Sirivaram Ragavendra, Officer, as AW-1 and marked 20 documents through them as Ex.A.1 to Ex.A.20.

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Heard learned counsel for the applicant. 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 mortgaged properties?

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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.20 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are liable to pay the OA claim to the Applicant Bank with future interest and .ortrcu&!

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oA.NO.655/2026

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In the result, the present Original Application No.655/2026 is allowed as under: -

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i) The Defendants 1 to 4 are jointly and severally liable to pay to the Applicant Bank a sum Rs. 69,01,646.96 ps with future interest @ 11.50o/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 mortgage of properties, as described in the schedule annexed to the OA and applicant bank is entitled to proceed against the same for realisation of dues;

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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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B. 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 l1th Day of Ausust, 2026). //\fy*,,-..'tt-\

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//,/ Ko'-

¶33

(nnE'rsHwnR KorHE) PRESIDING OFFICER

Canara Bank v. Ms Sabiha Agencies

Case brief

What is this about?

What did the court decide?

Canara Bank v. Ms Sabiha Agencies

Case brief

What is this about?

What did the court decide?

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