191090004182024_6b57ead1bb7b0ff69248b3415cd0ab97.pdf

Reportable/ Non Reportable 
     IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA 
 (Misc. Appeal Dy. No. 418 of 2024) 
(Arising out of I.A. No. 690 of 2024  in O.A. No. 902 of 2018 in  DRT-
II, Hyderabad) 
 
THE HON’BLE  MR.  JUSTICE ANIL KUMAR SRIVASTAVA 
CHAIRPERSON 
 
1. 
K. Premsagar Rao, son of K Raghupathi Rao, resident of H. No. 1-
8-505, Registrar Office Road, Prakash Nagar, Begumpet, Hyderabad - 
500016. 
2. 
S. Satyanarayana Rao, son of S. Rajeshwara Rao, resident of H. 
No. 1-8-505, Registrar Office Road, Prakash Nagar, Begumpet, 
Hyderabad - 500016.  
3. 
K.R.V. Uday Charan Rao, resident of H. No. 1-8-505, Registrar 
Office Road, Prakash Nagar, Begumpet, Hyderabad - 500016. 
4. 
Smt. K. Surekha, wife of Sri K. Premsagar Rao, resident of H. No. 
1-8-505, Registrar Office Road, Prakash Nagar, Begumpet, Hyderabad - 
500016. 
5. 
K. Venkata Rama Rao, son of K. Gopal Rao, resident of H. No. 1-
8-505/10/1, Registrar Office Road, Prakash Nagar, Backside Razack 
Gadh, Secunderabad-500016. 
6. 
Smt. E. Supraja, wife of Sri E. Vivekananda, resident of H. No. 1-
8-505/10/1,  Prakash Nagar, Backside Razack Gadh, Secunderabad-
500016. 
7. 
Smt. M. Padmaja, wife of Sri M. Sudhir Rao, resident of H. No. 1-
8-505/10/1, Prakash Nagar, Backside Razack Gadh, Secunderabad-
500016. 
8. 
N. Ram Mohan, son of N. Shankaraiah resident of H. No. 1-8-
505/10/1, Prakash Nagar, Backside Razack Gadh, Secunderabad-
500016. 
9. 
 Smt. K. Raja Ramani, wife of Sri K. Satyapal Rao, resident of H. 
No. 1-8-505/10/1, Prakash Nagar, Backside Razack Gadh, 
Secunderabad-500016. 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
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10. 
Ch. Mahender Rao, son of Mukund Rao, resident of H. No. 1-8-
505/10/1, Prakash Nagar, Backside Razack Gadh, Secunderabad-
500016. 
11. 
M/s. Bhagyanagar Hotels Private Limited. Represented by its 
Director S. Satyanarayana Rao, having its office at 1-8-333 & 334, A-
Wane, Opposite Police Lines, Begumpet, Hyderabad -500016. 
 
 
 
 
 
 
 
 
             …Appellants 
                                   -Versus- 
 1. Bank of India, Asset Recovery Branch, 2nd Floor, PTI building, AC Guards, 
Hyderabad -500004. 
 
2. Punjab National Bank, represented by its Assistant General Manager, LCB, 
Sufi Branch, Road No. 1, Banjara Hills, Road No. 1, Hyderabad -
500034. 
 
3. Canara Bank (Syndicate Bank) represented by its Assistant General 
Manager, R.P. Road Branch, Secunderabad -500003. 
 
 
 
 
 
 
 
 
                      …  Respondents 
 
4.  M/s Sainath Estates Private Limited having its office at 1-8-333 & 334, A-
Wane, Opposite Police Lines, Begumpet, Hyderabad -500016 (through 
Resolution Professional Dr. K.V. Srinivas resident of 3-4-756/1, Flat No. 402, 
4th Floor, Sri Raghavendra Residency, Barkatpura-Hyderabad-500027. 
 
                                                                          …..Proforma Respondent 
 
 
 
Counsel for the parties 
Mr. Nemani Srinivas,  
Learned Counsel,  for the 
Appellant 
 
None for the 
Respondent. 
 
  
  
 
JUDGMENT                           
:    
On   18th June, 2024   
 
                         
 
THE APPELLATE TRIBUNAL :            
 
 
                              Admission 
I.A. No. 253 of 2024 application under Section 5 of 
Limitation Act for condonation of delay in filing the Appeal.   

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
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2. 
Heard the Learned Counsel for the Appellants.  Having 
considered the submission, I found the grounds to be  
sufficient.  Delay is condoned.  I.A. No. 253 of 2024 is 
allowed. 
3. 
Heard the Learned Counsel for the Appellants and 
perused the record.  Instant Appeal has been preferred 
against an order dated 05.04.2024 passed by the Learned 
DRT-2 Hyderabad in I.A. No. 690 of 2024 arising out of O.A. 
No. 902 of 2018 whereby an application under Section 
22(2)(g)(f) of Recovery of Debts and Bankruptcy Act, 1993 
r/w Order IX rule 7 of Civil Procedure Code was filed for 
setting aside the order dated 10.12.2019 passed by the 
Learned DRT.  Learned DRT di

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