Allowed

M/S. Yes Bank Ltd., v. M/s. Fast Dot

DRT18 Jun 2026OA/768/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed Original Application filed by Yes Bank Ltd. against M/s. Fast Dot and individuals for recovery of dues from hypothecated assets and properties with interest and costs, as defendants were present in absentia.

What did the court decide?

Respondents to pay sum with future interest; applicant bank entitled to proceed against hypothecated assets, persons, and properties for realization; costs awarded; Recovery Certificate issued.

M/S. Yes Bank Ltd., versus M/s. Fast Dot — Specific Performance | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDEMBAD

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DATED THIS THE 18TH DAY OF JUNE, 2026

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PRESENT: SH. RAMESHWAR KoTHE, B,com. L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 768 OF 2O2S

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M/S. YES BANK LTD., 2nd Floor, H. No.1-8-387, Agravanshi Plaza, HUDA Lane, S.p. Road, Secundera bad - 500003 Rep: By its Authorized Signatory

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.. ......Appticant

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Versus

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M/s. Fast Dot, Represented by its^partners, Mr. Bashapaka f4ahender & Ms. Bashapaka Manjula D. No.1- 1- 188/ 1, Chikkadpa y, Hydera bad-500020

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Mr. Bashapaka Mahender, S/o. Mr. B. Sailu, H. No.3-79, Badang pet, Hydera bad-500058

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Mrs. Bashapaka Ma njula, W/o. Mr. B. Ma hender, H.No.3-79, Badangpet, Hydera bad-500058

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.... Defendants

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Counsel for the Applicant : Mr. N. B. Sudarshan Counset for the Defendants : Ex- parte 0)Wr$

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oA.NO.768/202s

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:: ORDER^::

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The Applicant^{Bank filed the presentOA for the recovery a total} sum of^{Rs. 41,23,643.L6ps from Defendants 1 to 3 jointlyand} severally^{with future interest @ 18% p a' with monthly rests} from the^{date of applicationtill the date of realizationalong} with costs,^{in default, saleof OA hypothecated assets'}

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Summonses^{servedon DefendantNos' 1 to 3 throughpaper} publication and^{were set exparte on 09'02'2026as called} absent^{and no rePresentation'}

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The Applicant^{Bank examinedMr' D'} Shyam^KumarReddy, marked 10^documents

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Assistant^{VicePresident,as AW-1and} through^{himas Ex.A'1 to Ex'A 10'}

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Heard^{Learned Counsel for the ApplicantPerused the material} placed on record.

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The^{point that arises for considerationis: -}

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Whether^{the Applicant Bank is entitled} for the^{ctaim madein the OA against} the Defendants^{and oA hypothecated} assets?

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As^{stated supra, the Defendants remained ex-parte The} Evidence^{Affidavltcoupledwith the recitalsin the documents} viz., Exs.A.1^{to A'10 marked on behalfof the ApplicantBank} clinchestheclaimoftheApplicantBankagainsttheDefendants. Hence,IholdthattheDefendantsareliabletopaytheoAclaim to the^{AppticantBankwith future interestand cost@$L</sup>}

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oA.NO.768/202s

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In the result, the present Original Application No.76g12025 is allowed as under: -

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i) The Defendant Nos. 1 to 3 jointly and severally are liable to pay to the Applicant Bank a sum Rs. 4t,23,643.16 ps with future interest @ 11.25% 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 assets as described in the schedule annexed to the OA and the applicant bank is entiued 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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B. 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 according ly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronorn."J UV ,n" i" the open court on this the 18th Day of June, 2026).

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fiKvtstx (RASrdsHViAR KorHE) PRESIDING OFFICER

M/S. Yes Bank Ltd., v. M/s. Fast Dot

Case brief

What is this about?

What did the court decide?

M/S. Yes Bank Ltd., v. M/s. Fast Dot

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

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