Allowed

M/s. Yes Bank Ltd. v. M/s. 101 Acres Real Estate and Infra Developers Private Limited

DRT12 Feb 2026OA/689/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal adjudicated an application by Yes Bank Ltd. to recover dues from three respondents for a default regarding loan facilities secured by hypothecated vehicles. The respondents were absent, and the court found the bank's evidence conclusive.

What did the court decide?

Joint and several liability to pay Rs.47,33,865.01 with future interest; secured by hypothecation of vehicles; costs awarded.

M/s. Yes Bank Ltd. versus M/s. 101 Acres Real… — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED TH]S THE 12rH DAY OF FEBRUARY, 2026 PRESENT: SH. RAMESHWAR KoTHE, B.com., L.LB, (Hons.). M.A. PRESIDING OFFICER

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OR]GINAL APPLICATIoN No: 689 oF 2025 l4ls. YES Bank Ltd., 2.d Floor, H.No.I -g-3g7, Aqravanshi Plaza, HUDA Lane, S.p Road, Secunderabad_ 500003. Rep by its Authorized Signatory

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.....Appricant.

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Versus

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M/s. 101 Acres Real Estate and Infra Developers^private Limited Represented Oy it. oi.".iJ.l I.4r. Shajk Ivlahamad Santosh Real Estate 8-206/7,^p No.3, Srirama Nilayam Near Amoga Restaurant, Han u man Nagar, RCt Road, Hyderabad_500097.

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1.4r. Sha ik N4ahamad

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Director of lvl/s. 101 Acres Real Estate and Infra Developers private Limited., Plot No.47, Dhatta Nagar, Nearby Temple, Hyderabad _ 500058.

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Also at:-

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Mr. Sha ik lvta hamad

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Director of M/s. 101 Acres Real Estate and Infra Developers^private Limited., Santosh Real Estate, 8-206/7,^p No.3, Srirama Nilayam Nea r Amoga Restaurant, Hanuman Naga r, RCI Road, Hydera bad-500097.

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.. , Defendants

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Counsel for the Applicant : M/s. N. B. Sudarshan

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Defendants : Ex-parte 0Y,*

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oA.NO.689/202s

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:: ORDER^::

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The Applicant^{Bank filed the Present OA for the recovery a total} sum of Rs.47,33,865'O1ps^{(Rs'8'06'008'37ps+} Rs.15,14,527.32ps^{+ Rs 12,07,930'7ops + Rs'12'06'39862ps)} from the^{defendantsjointly and severally with future interest} @180/o^{p.a. from the date of applicatlontill the date of} realization^{along with costs and in default for sale of} hypothecated^vehicles'

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z. Summons^{served on D1 and 2 Theywere set ex-parteon} 26.71.2025^{as called absent and no representation'}

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Sai Pavan^{Gudivada,Legal}

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The APPlicant^{Bank examined} 08 documents^{through himas}

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Manager,^{as AW-1and marked} Ex. A.1 to^{Ex. A.08}

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Heard the Ld.^Counselfor the Applicant^{Bank. Perused the} material Placed^{on record.}

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The^point that^{arises for considerationis:-}

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Whether the^{Appticant Bank is entitled} for the claim^{made in the OA against} the Defendants and^{OA hypothecated} vehicles?

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As stated supra, the^{Defendants remained ex-parte The} Evidence AfFidavit^{coupledwith the recitalsin the documents} viz., Exs. A.1 to A.08^{markedon 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 wlth futureinterest} and costs. OY*O

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oA.NO.689/202s

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In the result, the present Original Application No.689/2025 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.47,33,865.01ps with future interest @16.01%^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 vehicles described in the} schedule^{annexed tothe OA and the} applicant^{bank is entitledto proceedagainst} the^{same to realise its debt;}

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'-;;" iii)^{the applicant bank is also entitled to proceed} ProPerties^or Person^and ' 'st't;; defendants^{for realizationof its dues;}

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iv)^{the applicant bank is entitled for the costs'} Memo^{within 2 weeks}

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8^{rhe App,ican:^Ti::il:T:lj:::::'t} < from^{the date}

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lssue^{Recovery Certrficate accordingty'}

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M/s. Yes Bank Ltd. v. M/s. 101 Acres Real Estate and Infra Developers Private Limited

Case brief

What is this about?

What did the court decide?

M/s. Yes Bank Ltd. v. M/s. 101 Acres Real Estate and Infra Developers Private Limited

Case brief

What is this about?

What did the court decide?

What the court decided

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