Allowed

Bank of Baroda v. M/S. Sahastra Agro Traders

DRT6 Jan 2026OA/895/2025

Case brief

AI extract

What is this about?

Debt Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of a principal sum plus future and penal interest. The court held Defendants jointly and severally liable based on unchallenged documentary evidence and affirmed the bank's right to proceed against mortgaged properties.

What did the court decide?

Defendants ordered to pay Rs.98,10,030/- plus 10.80% p.a. future interest and costs. Recovery Certificate issued. Bank permitted to proceed against mortgaged properties.

Bank of Baroda versus M/S. Sahastra Agro Traders — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-]I AT HYDERABAD

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DATED THIS THE O6TH DAY OF ]ANUARY, 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: 895 OF 2025

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Bank of Baroda.,

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lvl G Road, Secunderabad Branch, Hyderabad. Rep. by lts Authorized Signatory.

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.....Applicant.

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Versus

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N4ls. Sahastra Agro Traders., Rep by Puri Swayam Prakash and Sri Laxmi Puri, 1st Floor, Plot No.A34 H.No.11-7-256, Sri Nilyam, Road No.5 Huda Colony, Rangareddy, Hyderabad - 500035. 2. Mr. Puri Swayam Prakash H. No.1- 103, Veldanda Village, Kalwakurthy Veldanda, Mahabu bnagar - 509360.

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Also at:Flat No.408, B Block, TNR Sulakshna Lakshmi, Na rasimhapuri Colony Hastanapu ra m, Ba irama lguda, Vaishalinaga r Ra nga reddy, Telangana 500079. Also at:H.No.3-116, Su rmaig uda Abdullapurmet, Telanga na - 501051.

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14rs. Sri Laxmi Puri H. No.1- 103, Veldanda Village, Kalwakurthy Velda nda, [4ahabubnagar - 509360.

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... Defendants

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Counsel for the Applicant : Mr. N. V. Subbaraju

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Defendants : Ex- parte i'l'l ' "J'

oA.NO.895/202S

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.98,10,030/- from the defendants joinfly and severally with future interest @10.80% p.a. with monthly rests along with penal interest @4% from 11.09.2025 ti the date of realization along with costs and in default for sale of OA schedule properties.

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Summons served on D1 to 3 through paper publication. They were set ex-parte on 26.12.2025 as called absent and no representation.

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The Applicant Bank examined Arun Kumar, Chief Manager, as AW-1 and marked 11 documents through him as Ex. A.1 to Ex. A.11.

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Heard the Ld. Counset 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 recttals in the documents viz., Exs. A.1 to A.11 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are joinuy and severally liable to pay the OA clairlolto the Applicant Bank with future interest ano cosrs. /Jr, ,2,,,1\ty" --.

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oA.NO.89s/202s

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In the result, the present Original Application No.B95/2025 allowed as under: -

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i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.98,10,030/- with future interest @10.80o/o 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 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 pronounced by me in the open court on this the 06th Day of January, 2026).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Bank of Baroda v. M/S. Sahastra Agro Traders

Case brief

What is this about?

What did the court decide?

Bank of Baroda v. M/S. Sahastra Agro Traders

Case brief

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What did the court decide?

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