Yes Bank v. Kona
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's Original Application for recovery of dues totaling Rs. 20,15,686.01 along with future interest. The tribunal held the defendant liable based on the bank's evidence affidavit and marked documents, noting the defendant was absent.
What did the court decide?
Defendant to pay Rs. 20,15,686.01 with future interest and costs; recovery certificate issued; hypothecated vehicle proceeds to be realized for dues.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 1lrH DAY OF SEPTEMBER, 2026
PRESENT: SH. MMESHWAR KOTHE, B.Com., L.LB. (Hons.), M,A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 759 OF 2026
M/S.YES Bank Limited., H.No.1-8-387, 2ND Floor, Agravanshi Plaza, HUDA Lane, S.P.Road, Secunderabad - 500003. Rep. by its Authorized Signatory.
.....Applicant.
Versus
Kona Ramesh, S/o. Kona Bikshapati Aged about 40 Years, Occupation NA H.No.4 150, Thukkuguda Srishailam Thukkuguda, Rangareddy, Hyderabad Telangana - 501359, India.
Also at:-
Kona Ramesh H.No.8 2 293, B2 GJ 5 3 2nd Floor, Gyanizail Singh Nagar Film, Jubilee Hills, Telangana Hyderabad. Telangana - 500060, India.
Also at:Kona Ramesh cini Industry, Road No. 4, Megha Hills Madhapur, Hyderabad, Telangana-500075, India.
... Defendant
Issues for consideration
1 issue framed by the court
Whether the applicant Bank is entitled for the claim made in the Original Application against the Defendant and the hypothecated vehicle?
Parties & counsel
- applicant
M/S.YES Bank Limited
Coram
MMESHWAR KOTHE
Case details
As recorded by the court registry
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