Debts Recovery Tribunal allowed an Original Application filed by a Bank against proprietors to recover a sum of Rs.80,39,132.07ps with interest, declaring the claim secured by mortgage and issuing a Recovery Certificate.
Defendants jointly and severally liable to pay Rs.80,39,132.07ps with interest; Recovery Certificate issued.
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iN THE DEBTSRECOVERY TRIBUNAL-II AT HYDEMBAD DATED THISTHE 28TH DAY OF JANUARY,2026 PRESENT: SH.MMESHWARKOTHE,B'Com'' L'LB' (Hons')' M'A' PRESIDINGOFFICER
ORIGINALAPPLICATION No: 952 OF 2025
| Versus | |
|---|---|
| 1. 2. |
M/s'SriVinayakaEnterprises', RepbyitsProprietorMr'P'Narasimhulu R/o. 27-1968/1,PalamnerRoad Chittoor,AP-517727' Mr. P'Narasimhulu S/o'MrP.Munirathnam(Late) Aged 65 Years,R/o. No' 708/1 SowkarSulemanColonY, KongareddY Palli,Chittoor,AP -5t7127' |
| 3. - |
Mr. D.DamodaraChettY S/o.LateDGopalChetty,Aged 60Years S-3, BalajiResidency,SarvabowmaNagar B GRoad, Bangaluru-560076. "'Defendants |
| Counselfor theApplicant :Mr.TrivikramChitturu |
|
| Defendants :Ex-Parte |
|
| ::ORDER:: | |
| 1. | TheApplicantBankfiledthepresentOAfortherecovery a total sum'ofRs.80,39,132.07psfromthedefendantsjointlyand [email protected]p.a.withmonthlyrests fromthedateofapplicationtillthedateofrealizationalong withcostsand in defaultforsaleofOAscheduleproperties. /O"Wr* (-/ |
oa:No.9s2l202s
summons served on o, uno'"n 22.07.2026as cared.il "f;*"r"rffirT ex-parte on
AW-1 and marked 18 oo.rr"rl:::no.udu ts through him as Ex. A.1 to Ex.
A.1g.
material placed on record.
Whether the Applicant Bank is enti ed for the claim tne oetenaalldein'th: oA against Proterties?nts and oA schedule
i) The Defendants are joinHy and severally liable to pay to the Applicant Bank a sdm of Rs,80,39,132.07ps with future interest Cwr*
oA.NO.952l2O25
@13.25o/op.a. simple from the dateof application till the date of realization;
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;
iii) the appricant bank is arso entired to proceed against the person and properties of defendants for realization of its dues;
'iv) the appricant bank is entired for the costs.
B. The Appticant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this order.
'
(RAMES "] PRESil-JIK:T3Hi,
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim and OA against respondents and OA schedule properties?
The Applicant Bank
M/s Sri Vinayaka Enterprises
Mr. P. Narasimhulu
Mr. D. Damodara Chetty
Sh. Mmeshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
