Indian Bank v. M S R K Traders
Case brief
What is this about?
The Debts Recovery Tribunal allowed an original filed by Indian Bank for recovery of a loan sum of Rs. 28,04,264/- with future interest against M/s. R K Traders and Sri Sukamanchi Srinivasbabu, who were absent.
What did the court decide?
Defendants jointly and severally liable to pay Rs. 28,04,264/- with future interest; OA claim secured by hypothecated assets; Recovery Certificate issued; costs awarded.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THIS THE 11TH DAY OF SEPTEMBER, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION NO: 735 OF 2026
Indian Bank., Gayatri Nagar - Malkajgiri Branch H.No.42-4A2/53/A, Seetharama Nilayam Gayatrinagar, Lane Beside Radhika Theatre Moulali, Hyderabad - 500040. Rep. by its Authorized Signatory.
.....Applicant.
Versus
- M/s. R K Traders..
- Shop No. 4, TSRTC Complex, Durgamma Temple, Dilsukhnagar, Hyderabad-500060. Rep by its Sole Proprietor, Sri Sukamanchi Srinivasbabu.
- Sri Sukamanchi Srinivasbabu
- S/o. Late Sukamanchi Ramanarao
- H,No.ll-72/2, Pragathi Nagar, Gaddiannaram Near More Super Market, KV Rangareddy ...Defendants
Issues for consideration
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
Parties & counsel
- applicant
Indian Bank
- respondent
M/s. R K Traders
- respondent
Sukamanchi Srinivasbabu
Coram
Case details
As recorded by the court registry
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