Allowed

Yes Bank Limited v. Mr. Desharaju Suryanarayana Murthy

DRT24 Apr 2026OA/67/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by YES Bank Limited for recovery of dues from the defendant. The court held the defendant liable to pay the claimed amount with interest and costs.

What did the court decide?

Defendant to pay Rs. 20,54,878.33 with future interest and costs; Applicant Bank entitled to proceed against defendant's properties; Recovery Certificate issued.

Yes Bank Limited versus Mr. Desharaju Suryanarayana Murthy — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD

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DATED THIS THE 24TH DAY OF APRIL, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.COM.,^{L.LB. (HONS.), M.A.}

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PRESIDING OFFICER

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Original Application No: 67 OF 2026

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YES Bank Limited., Office at 1-8-387, 2ND Floor, Agravanshi Plaza, HUDA Lane. S.P.Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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"...Applicant

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Versus

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Mr. Desharaju Suryanarayana^Murthy s/o. Seshachalam, Aged about^{39 Years} Occ: Pvt Employee, R/o.^{H. No.5-70164} Sai Balaji Arcade, Flat^{No.102, First Floor} Pakalakunta, Atwal Village,^Medchal Malkajgiri District - 500067.

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Also at:-

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C/o. H.No.8-7-71 zRC,^{R R Nagar} Old Bownpally. Secunderabad-500011.

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Also at:-

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C/o. Tata Aia Life Insurance^CompanyLtd. 1st Floor, VRM Channel,^{HDFC Bank Building} Adarsh Nagar, Hyderabad - 500063.

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...'..Defendant

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Counsel for the Applicant^{: Mr. M' Srinivas Reddy} Defendants : Ex-Parte

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:: qLLEg ::

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The Applicant Bank^{filed the presentOA for the recovery of a sum of} Rs.20,54,878.33ps^{From the defendant with futureinterest @18Vo} p.a. compounded with monthlLrests from^{16.09'2025till the date} of reatisation atong^with costfffilu$

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OA.No.6712026

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Summon served on sole defendant through^{paper publication and} was set ex-parte on 23.04.2026 as called absent and^no representation.

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The Applicant Bank examined Sai Pavan Gudivada, Legal Manager as AW-l and marked 06 documents through him as Ex. A.1 to Ex. A.06.

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Heard the Ld. Counsel for the Applicant Bank and^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 Defendant?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.06 marked on behalf of the Applicant Eank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Appiicant Bank with future interest and costs.

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In the result, the present Original Application No,67/2026 is allowed as under:^-

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.20,54,878.33ps with future interest @10.75olo^p.a. simple, from the date of application ti the date of realization; OW**

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oA.No.6712025

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ii) the applicant bank is also entitled to^proceed against the person and^properties of the defendant^for realization of its dues;

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iii) the applicant bank is entltled for the costs.

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The Applicant Bank is directed to flle 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 thesteno.. transcribed by him,corrected,signedand pronounced by me in the} open court on this the 24rh day oI April, 2025).

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,2Qⁿ /Qt'ffii.l.

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(RkMESHWAR KorHE) PRESIDING OFFICER

Yes Bank Limited v. Mr. Desharaju Suryanarayana Murthy

Case brief

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Yes Bank Limited v. Mr. Desharaju Suryanarayana Murthy

Case brief

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