In a Debt Recovery Application, the Tribunal held that the defendant-borrowers, who remained ex-parte, are jointly and severally liable to pay the bank's claim outstanding as of March 2026.
Defendants directed to pay Rs.1,91,61,007/- with future interest, bank entitled to proceed against mortgaged properties and persons; Recovery Certificate issued.
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 17TH DAY OF IVIARCH, 2026 PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
| ORIGINAL APPLICATIONNo:669OF2025 | |
|---|---|
| lY/s. Chin Rep. |
CanaraBank., nachowk, Kadapa-516002 by its AuthorizedSignatory. .....Applicant. |
| Versus | |
| 1. | RajampetBikes., RepbyitsProprietor,Sri.Patnam SreenivasaPavanKumar,S/o.Late PatnamKalyanaRamaiah,2/164/A3 Near TVSDurgaAutomobiles,Kadapa TirupatiRoad,YSRDist-516126. |
| 2. | Sri.Patnam SreenivasaPavanKumar S/o.Late Patnam KalyanaRamaiah Agedabout46 Years,D.No.371118 Ground Floor,Kondayapalli,Cuuddapah A.P-516002. |
| 3. | Sri. ShaikMohammedNaveed S/o. Sri.ShaikAbdul Sattar Agedabout years, D.No.8/164 Almaspet,Kadapa,YSRDist, A.P-516001. ...Defendants |
| Counselforthe Applicant :Mr.D.L.KiranPrakash |
|
| Defendants :Ex-parte |
|
| :: qLLq&:: | |
| 1. | TheApplicantBankfiled thepresentOAfortherecoveryatotal sumofRs.1,91,6L,007/- towardsOCC/ODLimitsfromthe OY,*, |
.-
oA.NO.669/202s
2
defendantsjointlyand severallywith future interest @1305o/o p.a. compounded monthtyfrom the date of applicationtill the date of realizatlonalong with costs and in defaultfor sale of OA schedule ProPerties.
Whether theApplicant Bank is entitled for the claimmadein the OA against the Defendants andOA schedule properties?
oA.NO.669/202s
i) The Defendants are joinfly and severally liable to pay to the Applicant Bank a sum of Rs.1,91,61,007/- towards OCC/OD Limits; with future interest @l2o/o p.a. simple from the date of application till the date of realization;
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 debt;
iii) the applicant bank is also entifled to proceed against the person and properties of defendants for realization of its dues;
iv) the applicant bank is entiiled for the costs.
B. The Applicant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.
9, Issue Recovery Certificate accordingly.
G.ut
ESHWAR KOTHE) PRESIDING OFFICER
:l
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the OA against the defendants and the schedule properties?
Canara Bank
Rajampet Bikes (represented by Sri Patnam Sreenivasa Pavan Kumar)
Patnam Sreenivasa Pavan Kumar
Shaik Mohammed Naveed
MMeshwar Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
