Allowed

M/s. Idbi Bank Limited. v. Mr. Chintakuntla Bhaskar Reddy

DRT9 Feb 2026OA/966/2025

Case brief

AI extract

What is this about?

In Debts Recovery Tribunal-II at Hyderabad, the Presiding Officer disposed of an original application filed by IDBI Bank for recovery. The defendants remained in absentia. The court held the defendants liable and allowed the application, directing payment of the principal sum with interest and affirming the bank's right to enforce mortgage security and proceed against the defendants' person and pr

What did the court decide?

Directing respondents to pay Rs.40,80,151.47 with future interest; application secured by mortgage and defendants' properties; costs awarded to applicant.

M/s. Idbi Bank Limited. versus Mr. Chintakuntla Bhaskar Reddy — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE O9TH DAY OF FEBRUARY, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 966 OF 2025

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M/s. IDBI Bank Limited., Branch Office at RAC, Chapel Road Branch, Abids, Hyderabad. Rep. by its Power of Attorney Holder.

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.....Applicant.

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Versus

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Mr. Chintakuntla Bhaskar Reddy

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S/o. Ch. Ramchandra Reddy Aged about 56 Years, Occ: Private Employee, H.No.6-74, Near Vivekananda School, Ghanpur Station - 506143 Warangal District.

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Also at:-

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Mr. Chintakuntla Bhaskar Reddy S/o. Ch. Ramchandra Reddy Aged about 56 Years, Occ: Private Employee, H.No.1-23-289, Plot No.315 & 316, Sy.No.387, Old No. 30-38/9/5 Ward No.1, Block No.32, Telecom Colony Khanajiguda, Alwal. Secunderabad-500012.

¶12

Mrs. Muddasani Padmaja D/o. Chinthakuntla Pra bhakar Reddy Aged about 54 Years, Occ: Private Employee Flat No.205, Rainbow Towers, Kakatiya Nagar Nacharam, Hyderabad - 500076.

¶13

... Defendants

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: Mr. V. Suresh Babu Counsel For the Applicant Defendants : Ex-oarte fu;"x

oA.NO.956/2025

:: qLLq& ::

The Applicant Bank filed the^present OA for the recovery a total sum of Rs.40,80 ,757.47ps from the defendants^jointly and severally with future interest @180/0 p.a. with monthly rests from 05.09.2025 till the date of realization along with costs and in default for sale of oA schedule property.

¶19

Summons served on D1 and 2 through paper publication. They were set ex-parte on 27.01.2026 as called absent and no representation.

¶20

The Applicant Bank examined Ravikanth Shetty Angadi, Asslstant General Manager, as AW-1 and marked 18 documents through him as Ex. A.1to Ex. A.18.

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Heard the Ld. 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 entitled for the claim made in the OA against the Defendants and OA schedule property?

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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.18 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to^pay the OA claim to the l\pplicant Bank with future interest . //Yrtta,,,.tand costs. / //'---'^'w-q'vt,/

¶25

oA.NO.956/202s

¶26

In the result, the^present Original Application No.966/2025 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.40,80,151.47ps with future interest @9.05o/o^p.a. simple from the^{date of} application till the date of realization;

¶28

ii) the OA claim is secured by way of mortgage of property 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 within2 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 this order^{to the parties concerned.} (Dictated to the steno, corrected, signed and^{pronouncedbyme in the open court on} this the Ogth Day of February, 2026).

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,.A. ,1h"n__,,rr1-\

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: ( // ,_6-q.rt*

¶36

lnAfursHwnR^KorHE) PRESIDING OFFICER

M/s. Idbi Bank Limited. v. Mr. Chintakuntla Bhaskar Reddy

Case brief

What is this about?

What did the court decide?

M/s. Idbi Bank Limited. v. Mr. Chintakuntla Bhaskar Reddy

Case brief

What is this about?

What did the court decide?

What the court decided

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