Allowed

Telangana Grameena Bank v. Smt. Chunduri Jayaprada

DRT4 May 2026OA/89/2026

Case brief

AI extract

What is this about?

DIRA-CL The Debts Recovery Tribunal allowed the Original Application filed by Telangana Grameena Bank for recovery of a housing loan debt of Rs. 45,02,554.00 along with future interest and costs against the defendants who were heard ex parte. The bank established its entitlement to recovery including proceedings against mortgaged property.

What did the court decide?

Defendants liable to pay Rs. 45,02,554.00 with future interest @8.90% p.a., mortgaged property may be proceeded with, and recovery certificate issued.

Telangana Grameena Bank versus Smt. Chunduri Jayaprada — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - IAT HYDERABAD DATED THIS THE 04ft DAY OF MAY, 2026

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PRESENT: SRI GUMMADI cOPICHAND, PRESIDING OFFICER

¶3

OA. No.89 OF 2026

¶4

Between :

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Telangana Grameena Bank, Tellapur Branch, Sangareddy District - 502 032 Telangana State Represented by its Manager

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Applicant

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VERSUS

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Smt. Chunduri Jayaprada,

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Wo. Chunduri Kaleswara Rao,

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Flat No. 502,

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Plot No. 308, Sai Residency,

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Samatha Nagar, Kukatpally, Hyderabad

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Telangana - 500 072.

¶14

Also at -

¶15

H.No. 5-5-35-54/1, Prashant Nagar, Venkateshwara Temple, Kukatpally,

¶16

j o4uRymrn HT 16- -. \t Wn#

¶17

(oA. No.8912026l

¶18

Also at -

¶19

C/o. Yash Fragrances, Patel Trade World, No 5-4-1 8713 & 4110, Karbala Maidan, Secunderabad, Telangana - 500 003

¶20

Sri. Ch. Kaleswara Rao, S/o. Ch. Gurubrahma Chary, Flat No. 502, Plot No. 308, Sai Residency, Samatha Nagar, Kukatpally, Hyderabad Telangana - 500 072.

¶21

Also at -

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H.No. 5-5-35-54/1, Prashant Nagar, Venkateshwara Temple, Kukatpally, Hyderabad Telangana - 500 072.

¶23

Also at -

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C/o. Yash Fragrances, Patel Trade World, No 'S"3rn

¶25

Defendants

¶26

(oA. No.89/2026)

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Counsel for the parties :

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For The Applicant Mohammed Ubedulla For the Defendant Exparte Reserved on 21.04.2026 Pronounced on 04.05.2026 Upload in website on 06.05.2026

¶29

ORDER

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The Applicant Bank filed the present OA against Defendants for recovery of a total sum of Rs.45,02,554.00 Ps. (Rupees Forty Five Lakhs Two Thousand Five Hundred and Fifty Four Only) with future interest @8.90% p.a with monthly rests from the date of filing of OA till the date of realization and in default for sale of Mortgaged Property as mentioned in the Schedule of Property to OA.

¶31

As per the averments in the application, the Applicant Bank -zff€Rlgs^{that Defendants availed HousingLoan Facility of} r/&- ("4Sil,ffiryrrao,ooo/- '''j-3 ''"IFi-^{repayable in 240 equated monthly installmentsof} k t$^{n". zryqp! each with [email protected]% p.a with monthly rests} * 0 [ ilAy^{afifi exCciitedMemorandumof Term Loan Agreementfor} tsJll 3 W,*"#

¶32

(oA. No.89/2026)

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Housing Loan Granted to Public dated 09.03.2017 in favorof the Applicant Bank. The Defendant no. 1 created Equitable Mortgage morefully mentioned in Schedule of property to OA and executed Registered Mortgaged Deed dated 15.06.2017 in favor oftheApplicant Bank and deposited Saledeedsdated 20.03.2017 in favor of the Applicant Bank. After availing the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA and issued Legal Notice dated 05.01.2026 to the defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendants called absent and set exparte on 21 .04.2026.

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Sri. Banothu Chandu, Chief Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.'1 to A.20.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the as prayed for?

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(oA. No. 8s12026)

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Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A.1 to A.20. ln view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

¶40

ln the result, the present OA is allowed with costs, as under :

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The Defendants No. 1 and 2 are^jointly and severally liable to pay to the Applicant Bank a total sum of Rs.45,02,554.00 Ps. (Rupees Forty Five Lakhs Two Thousand Five Hundred and Fifty Four Only) with future interest @8.90% p.a from the date of filing of OA till the date of realization

¶42

The Applicant Bank is entitled to proceed against the Mortgaged Property as mentioned in the Schedule of Property to the OA towards realization of the debt due.

¶43

10.
The Applicant Bank is entitled to proceed against the person
#ff of Defendants No.1 and 2 towards realization
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¶44

(oA. No.89/2026)

¶45

That Applicant Bank is entitled to the costs of the OA.

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The Applicant shall file a cost memo within two weeks from the date of receipt of order.

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lssue Recovery Certificate accordingly.

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Communicate a copy of the order to the parties concerned.

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(Dictated to the P.A., transcribed by her. corrected, signed and pronounced by me in the open courl on this the 04'h day of [Iay, 2026)

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sd/-

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¶52

¶53

(G. GOPTCHAND)

¶54

PRESIDING OFFICER

Telangana Grameena Bank v. Smt. Chunduri Jayaprada

Case brief

What is this about?

What did the court decide?

Telangana Grameena Bank v. Smt. Chunduri Jayaprada

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

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