The Tribunal allowed the Original Application filed by Canara Bank for recovery of a sum of Rs.24,43,797.85ps jointly and severally from the defendants along with future interest and costs, holding the claim secured by hypothecated assets.
Pay Rs.24,43,797.85ps with 12.50% p.a. interest, costs, and proceed against hypothecated assets.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN TiE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD
DATED THIS THE O4TH DAY OF FEBRUARY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.
PRESIDING OFFICER
ORIGINAL APPLICATION No: 960 OF 2025
Canara Bank.,
Kapra Branch, Hyderabad.
Rep. by its Branch Manager.
.... ,Applica nt.
Versus
Road, Madhapur, Hyderabad - 500087.
\
Also at:-
Plot No.10. Tetali Industrial Area Tanuku, Andhra Pradesh - 534218.
...Defendants
Counsel for the Applicant : Mr. P. Naga Durga Prasad
Defendants
: Ex-Pa rte
:: qLLq& ::
@'19/^4tt-L
oA.NO.950/2025
/
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assefs? ;+llrtl^rcln a< I th.tcr.
oA.NO.950/202s
@12.05o/op.a. simple from the date of application till the date of realization;
I ,- ,, B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.
(RAMESHWAR KOTHE) PRESIDING OFFICER
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and the hypothecated assets?
Whether the Defendants are jointly and severally liable to pay the OA claim with future interest and costs?
Canara Bank.
M/s. Vasavi Print Links.
Smt. Nanduri Kameshwari
RAMESHWAR KOTHE
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
