Debts Recovery Tribunals and Appellate Tribunals
HDFC BANK vs VKA CONSTRUCTIONS on 12 August 2026
Reportable/Non-Reportable
Judgment reserved on: 03.08.2026
Judgment delivered on: 12.08.2026
Misc. Appeal No. 39 of 2026-DRAT-Kolkata **IN THE DEBTS RECOVERY APPELLATE TRIBUNAL AT KOLKATA**
Misc. Appeal No. 39 of 2026
(Arising out of O.A. 531 of 2024 in DRT-II, Hyderabad)
**HON'BLE MR. JUSTICE ANIL KUMAR SRIVASTAVA
CHAIRPERSON**
1. HDFC Bank Limited, at HDFC Bank House, Senapati Bapat Marg, Lower Parel(west), Mumbai-40013 and also having its branch office at Roxana Palladium, 6-3-246 & 6-3-244/A, Banjara Hills Hyderabad Road No. 3-500034;
... Appellant
-Versus-
1. M/s. VKA Constructions, H No. 11-13-1056/2, VKA Castle, Road No. 9, Vasavi Colony, RK Puram Hyderabad-500102, Telangana State;
2. Mr. K R Vijay Kiran(Managing Partner) S/o. K R Babulal, H No. 11-13-1056/2, Vasavi Colony, Road No. 9, Kothapet, Saroornagar, Hyderabad-500035, Telangana State;
3. Mr. K R Kaushal Karan(Managing Partner) S/o. K R Babulal, H No. 11-13-1056/2, Vasavi Colony, Road No. 9, Kothapet, Saroornagar, Hyderabad-500035, Telangana State;
4. Mr. K R Anil Karan(Managing Partner) S/o. K R Babulal, H No. 11-13-1056/2, Vasavi Colony, Road No. 9, Kothapet, Saroornagar, Hyderabad-500035, Telangana State;
... Respondents
Counsel for Appellant
... Mr. Jishnu Saha, Senior Adv.
Mr. Pratik Ghose
Mr. Avishek Roy Chowdhury
Mr. Shabbear Ahmed
Counsel for Respondents
... Mr. Sharad Sanghi(virtual)
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**JUDGMENT**
**: 12<sup>th</sup> August, 2026**
**THE APPELLATE TRIBUNAL:**
Judgment and order in Misc. Appeal No. 39 of 2026 is pronounced today in Court, which is kept in separate sheets containing nine pages.
Order is as under:
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2Misc. Appeal No. 39 of 2026-DRAT-KolkataO R D E R
Appeal is dismissed. Judgment and order dated 18.05.2026 passed by Learned DRT-II Hyderabad in O.A. No. 531 of 2024 (HDFC bank -vs- VKA Constructions & Others) is confirmed. However, all the documents as per orders of the Learned DRT, be released after respondents files an indemnity bond for Rs. 5 Lacs, in respect of cost, if any of counterclaim, to the satisfaction of Learned Presiding Officer, DRT-II Hyderabad.
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(Anil Kumar Srivastava,J) Chairperson
Dated: 12<sup>th</sup> August, 2026 tk