Allowed

The Axis Bank Ltd. v. Sudini Govinda Reddy

DRT25 Jun 2026OA/732/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed the Bank's Original Application for recovery of Rs.38.07 lakhs plus interest and costs from defendants who remained absent, ordering enforcement against a hypothecated vehicle and other properties.

What did the court decide?

Payment of Rs.38,07,365/- with future interest; entitlement to proceed against hypothecated vehicle and other properties for realization; issuance of Recovery Certificate.

The Axis Bank Ltd. versus Sudini Govinda Reddy — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TR]BUNAL.II AT HYDERABAD DATED THIS THE 25TH DAY OF ]UNE, 2026

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

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ORIGINALAPPLICATION No: 732 OF 2025

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THE Axis Bank Ltd., Having it Office at 5-4-183/184, 3rd Floor R P Road, Secunderabad - 500003. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Sudini Govinda Reddy, S/o. S^Lakshma Reddy, Aged about 47 Years Occ: Business, R/o.^{H.No.5 105 Madgul} Mahabu bnaga r - 509327.

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Sudhini Lakshma^{Reddy, S/o. Narasimha} Reddy, Aged about 80^Years Occ: Business, R/o.^{H.No.5 105 l4adgul} Mahabubnaqar - 509327 '

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...Defendants

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Counsel for the Applicant : Mr' M Srinivas^Reddy

Defendants

: Ex-Pa rte

:: CLLqEE^::

The Applicant^{Bank filed the} Present^{OA for the recoverya total} sum of Rs.38,07,3651-^{frcm the defendants jointly and} severally with^{future interest@18o/o p'a' compoundedwith} monthly^{restsfrom16.06'2025 till the date of realizationalong} with costs and^{in default for sale of hypotb€.cated vehicle'}

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oA.NO.732l2O25

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Summons sent to D1 and 2 returned with endorsement reFused hence, deemed to be served. They were set ex_parte on 31.10.2025 as called absent and no representation.

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The Applicant Bank examined Syed Shafiuddin, Legal Manager, as AW-1 and marked 11 documents through him as Ex. A.1 to

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Ex. A.11.

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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 Appticant Bank is entitted for the claim made in the OA against the Defendants and OA hypothecated vehicle?

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As stated supra, the Defendants remained ex_parte. The Evidence Afndavit coupled with the recitals in the documents viz., Exs. A.1 to A.11 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 Appticati on No,732/2025 is allowed as under: -

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i) The Defendants are joinuy and severally liable to pay to the Applicant Bank a sum of Rs.38,07,365/- with future i,t4yest E13.5o7o ffi"*'

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oa.No.732/2O2s

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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 vehicle described in the schedule annexed to the OA and the applicant bank is entitled to^proceed against the same to realise its debt;

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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 accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, sitned and pronounced by me in the open court on this the 25rh Day oflune,2026).

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(RAN,IESHWAR KOTHE) PRESIDING OFFICER

The Axis Bank Ltd. v. Sudini Govinda Reddy

Case brief

What is this about?

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The Axis Bank Ltd. v. Sudini Govinda Reddy

Case brief

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