ORDER: (Per Hon’ble Sri Justice Cheekati Manavendranath Roy

Aggrieved by the order dated 13.03.2025 passed in O.A.No.68 of 2004 on the file of the Debts Recovery Tribunal, Visakhapatnam, whereby the claim of the applicant therein, which is Canara Bank represented by its Manager, Buckinghampet Branch, Vijayawada, for recovery of a sum of Rs.26,99,821.70 ps., was allowed against defendant Nos.1 to 3 therein and Recovery Certificate was issued for the said sum of Rs.26,99,821.70 ps., with interest at the rate of 9% per annum, while dismissing the claim against defendant No.4, the present writ petition has been filed by defendant No.1 in the said O.A.

2. Heard Mr. S.S. Prasad, learned Senior Counsel assisted by Mr. S.N. Chidambara Sastry, learned counsel for the petitioner, Mr. M. Prudvi Raju, learned counsel for respondent No.1 and Mr. Naresh Byrapaneni, learned counsel for respondent No.2.

3. The parties will be referred as they are arrayed in O.A.No.68 of 2004 before the Debts Recovery Tribunal for the sake of convenience.

4. Brief overview of the facts leading to the lis in this writ petition may be stated as follows:

(i) The applicant before the Tribunal is Canara Bank represented by i