OA filed by State Bank of India for recovery of a secured and unsecured debt sum against two defendants was allowed ex-parte as defendants were absent and the bank established its claim through documentary evidence.
Recovery of Rs. 83,58,422/- with interest at 14.75% p.a. and costs.
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 THE DEBTS RECOVERYTRIBUNAL-I AT HYDERABAD DATED THIS THE 23RD DAY OF JANUARY,2023
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING oFFICER
OA.No.137 ot 2022
Between:
State Bank of India, Stressed Assets Recovery Branch, 2nd floor, TSRTC bus terminal complex (commuter amenity centre), Koti, Hyderabad Represented by its Chief Manager
Applicant
VERSUS
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Counsel for the Parties:
For the Applicant
For the Defendants
Sri P.V. Satyanarayana Exparte
ORDER
(OA.No.137 of 2022)
lakhs Fifty eight thousand Four hundred and twenty two only) i.e., a sum of Rs.77,90,269/- under cash credit+ Rs.3,98,646/- under FBWC + Rs.1,69,507/- under FITL with interest @ 14.75o/o p.a from date of application till the date of rea lization and in default for sale of mortgaged and hypothecated properties as described in the schedule "A &B" to OA.
several requests and demands, the
outstanding. Hence this OA.
(OA.No.137 of 2022)
entitled for the claim made in the OA against the Defendants as prayed for?
(OA.No.137 of 2022)
Eighty Three lakhs Fifty eight thousand Four hundred and twenty two only) i.e., a sum of Rs.77,90,269l_ under cash credit + Rs.3,98,646/- under FBWC + Rs.1,69,507/_ under FITL with interest @ L4.7So/o p.a from date of application till rea lization.
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(Dictated to cou rt :ed by^her,. corrected, signed and pronounced by me in the open Jan.,2023)
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2 issues framed by the court
Whether the Bank established its claim for recovery of the debt?
Whether the OA is allowed with future interest and costs?
State Bank of India, Stressed Assets Recovery Branch
M/s. Taj Agencies and S/o Sri C.M. Basheer Basha
Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
