Allowed

Bank of Baroda v. M/s. Ss Mart Supermarket

DRT7 May 2026OA/80/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the bank's application against three respondents, who appeared ex-parte, directing them to pay the outstanding term loan, overdraft, interest, and costs, and empowered the bank to realize dues from the mortgaged properties and assets.

What did the court decide?

Defendants to pay Rs. 60,74,383.98 with interest; bank entitled to proceed against mortgaged properties and defendants' assets; cost memorandum to be filed by the applicant.

Bank of Baroda versus M/s. Ss Mart Supermarket — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II^{AT HYDERABAD}

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DATED THIS THE 7TH DAY OF MAY,²⁰²⁶

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PRESENT: SH. MMESHWAR^{KOTHE, B.Com.,L.LB. (Hons.),14.A.} PRESIDING OFFICER

¶4

ORIGINAL APPLICATION^{No: 80 OF 2025}

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Bank of Baroda, Tirupati Main Branch, Tirupati. nep. by its Autho.ized Signatory'

¶6

....'Applicant'

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Versus

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M/s. SS Mart Supermarket, Rep. by iG Proprietor^{Ms. ChinthalaRamyasree,} Ground Floor,D.No.73-7'936^B,4, Vivekananda Street,^Korlagunta, Tirupati-517501.

¶9

Ms. Chinthala^{Rama Sree,} Proprietor of M/s.^{SS Mart Supermarket,} D.No.19-4-3C, STV^{Nagar,Tirupati-517501.}

¶10

Mr. Poorna chandra^Reddy, S/o. Mr. Chinna^{Tambi Reddy.} Aged: Major, Occ:^Business, R/o. Flat No.4O6,^{L.S.Atna Residency,} , " 'Defendants T-humalsanta, Tiiupati-517502.

¶11

Counsel for^the Applicant : lY/s Trivikram^Chitturu

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Defendants : Exparte

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:: qLLqB::

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The Applicant^{Bankfiled the presentOA for the recoverya total} sum of Rs.6O,74,3B3,9Bps^{i.e., a sum of Rs'44,27,89244ps} towards^{TermLoan with future interest@10 00% p a , and a} ;'1)-.-':

¶15

oA.NO.80/2026

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sum of Rs.16,46 ,49l.S4ps towards Over Draft with future interest @8.15o/o p.a. as on fS.f2.2O2S from the defendants jointly and severally from the date of application till the date of realization along with costs and in default for sale of Schedule of Properties.

¶17

Summons served on D1 to D3 through paper publication. They were set exparte on 05.05.2026 as called absent and no representation.

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The Applicant Bank examined K.Arun Raj, Chief Manager, as AW-1 and marked 15 documents through her as Ex. A.1 to Ex. A.15.

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Heard the learned 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 Applicant Bank is enti ed for the claim made in the OA against the Defendants and OA Schedule properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.1S marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinfly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶23

In the result, the present Original Application No.80/2026 is

allowed as under: -

aw-#

oA.NO.8o/2026

i) The Defendants are^jointly and severally liable to^pay to the Applicant^{Bank a sum of} Rs.60,74,383.98ps i.e., a sum^of Rs.44,27,892.44ps towards Term Loan^{and a} sum of Rs.16,46,491.54ps towards^Over Draft with future interest @8.15olo^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 Properties 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^propertiesof 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 Memowithin 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 thls^{order to the parties concerned'} (Dictated to the steno, corrected, signed and^{pronounced by mein the open courton} this the 7'h Dav of Mav' 2026)

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, z vn*-.-...ar\ ' / / -/,-'(t>" \l') ''

¶35

(Rf-r'arsHwnn KorHE) PRESIDING OFFICER

Bank of Baroda v. M/s. Ss Mart Supermarket

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. M/s. Ss Mart Supermarket

Case brief

What is this about?

What did the court decide?

What the court decided

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