Allowed

M/S. Yes Bank Ltd. v. Mr. Raj Purohit Vasanth Singh

DRT11 Jun 2026OA/770/2025

Case brief

AI extract

What is this about?

The DRT allowed the bank's original application for recovery of a principal sum of Rs. 60,32,187/- with interest and costs against two defendants who appeared ex-parte. The order confirmed liability and authorized the bank to proceed against mortgaged and un-mortgaged properties.

What did the court decide?

Defendants to pay Rs. 60,32,187/- with future interest; bank entitled to proceed against mortgaged and other properties.

M/S. Yes Bank Ltd. versus Mr. Raj Purohit Vasanth Singh — Money Laundering | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 11TH DAY OF JUNE, 2026 PRESENT: SH. RAMESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 770 OF 2O2S

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M/S. YES BANK LTD,, 2nd Floor, H. No.1-B-387, Agravanshi^plaza, HUDA Lane, S.P. Road, Secunderabad - 500003. Rep: By its Authorized Signatory

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......Applicant

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Versus

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Mr. Raj Purohit Vasanth Singh, S/o. Mr. Raj^purohit Vok Singh, H. No.2-3- 128 cround Floor, Nallagutta, Ramgopalpet Road, Secunderabad, Nallaqutta, Hyderabad -500010.

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ALSO AT:

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lvlr. Raj Purohit Vasanth Singh, H.No.8-1 185 And 186, Shanker Veedhi, Hydera bad -500003

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Mr. Dashrath Singh, S/o. Mr. Vok Singh, H. No.8- 1 185 And 186, Sha nker Veedhi, Hydera bad - 50 0 00 3

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...Defendants

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Counsel for the Applicant Counsel for the Defendants

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: Mr. N. B. Suda rsha n

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oA.NO.77ol2025

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:: ORDER^::

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The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs. 60,32,1871- from defendants1 & 2 with further} interest^{there on @18% p'a' from the date of application till the} date of^{realization alongWith costsand, in default,sale of oA} mortgaged Property'

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Summon^{served on Defendants 1 & 2 and wereset exparteon} 19.11.2025^{as called absentand no representation'}

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The Applicant^{Bank examined Mr' Sai Pavan Gudivada'Legal} Manager,^{as AW-1 and Mr' D' ShyamKumar Reddy'Vice} President^{Legal, as AW-2 and marked 10 documents through} them as^{Ex.A.1 to Ex'A'10'}

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Heard ex-parte^{argumentsfrom the Ld' Counsel of the} Applicant^{Bank. Perusedthe materialplaced 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 madein the OA against} the Defendants^{and OA mortgaged} ProPertY?

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As stated^{supra, the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwith the recitals in the documents} viz.,^{Exs.A.1 to A'10 marked on behalf of the Applicant Bank} clinches^{the craim of the Appricant Bank against the Defendants.} Hence,^{I hold that the Defendantsare liable to pay the OA claim} to the^{Applicant Bank with futureinterestand cost/'fryk\r</sup>}

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oA.NO.770l2025

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In the result, the present Original Application No.770/2025 is allowed as under: -

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i) The Defendants 1 & 2 are jointly and severally liable to pay to the Applicant Bank a sum Rs. 60,32,187/- with future interest @10.15olo^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 mortgage of property as 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 aga.inst 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 accordingly.

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Communicate a copy of this order to the parties concerned.

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(Dictated to the steno, corrected, signed and pronounced by rn -kr the open court on thisthe 11th Dayof June,2026).

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(OWr*

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(RA'FTESHWAR KOTHE) PRESIDING OFFICER

M/S. Yes Bank Ltd. v. Mr. Raj Purohit Vasanth Singh

Case brief

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M/S. Yes Bank Ltd. v. Mr. Raj Purohit Vasanth Singh

Case brief

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