In OA No. 274 of 2022, the Debts Recovery Tribunal allowed the State Bank of India to recover approximately Rs 22.30 lakhs as a housing loan and SBI Suraksha loan from the defaulting defendants, who were absent and the order was set ex parte.
Recovery of Rs.22,29,069/- including principal, interest, and costs in respect of housing loan and SBI Suraksha loan.
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 THrS THE 29rH DAy OF MARCH, 2023
PRESENT: sRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.274 of 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
w/o Sri B, Nageswara Rao, major, lemale,R/o 6-2-1t6,VDOScoiony, Sri Krishna nagar, Khammam- 507 001.
Also at
Flat no.201, 2nd floor, sympohony Towers, Vijayanagar colony, KhanapuramHaweli,
Khammam - 507 002.
male, R/o 6-2-1L6, VDOS colony, Sri Krishna nagar, Khammam- 507 001.
Also at
Flat no.201, 2nd floor, sympohony Towers, Vijayanagar colony, KhanapuramHaweli, Khammam - 507 002. . .i Defendants
loA.No.27 4/2022)
Counsel for theparties: For the Applicant For the Defendants
Sri P.V. Satyanarayana
Exparte
ORDER
2' As per the averments in the apprication, the Appricant Bank states that defendants 1 and 2 avaired housing roan to an extent of Rs.20.00 lakhs and SNBI Suraksha loan limit of Rs.1,30,000/_ on 29'06.2076 and executed necessary security roan documents. To secure the repayment of outstanding liability, the defendants executed Memorandum of roan agreement for home roan granted to public dated 29.06.20L6 and agreement to mortgage dated ;iQefendantno.1 deposited the title deedsbearingregd of 2016 dated 30.06.2016 and Regd Sale deed 30.06.2016 with an intention to create OA schedule referred property. After availing
(oA.No.27 4/zoz?l
the loan facilities, the defendants failed to comply the terms of sanction, hence the appricant bank was constrained to crassify the account as NpA on 11.10.2021 and issued legal notice dated 29.08.2022. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.
marked as Ex.A.1 to A.11.
entitled for the claim made in the OA against the Defendants as prayed for?
n 6r(1ryffi11,.1i-rc ulf,rJJo 9NtOtslud (or{vHrraos's) Adoc Snul -lps
uado aql u! aur (Ezoz ''qrreh 3otli6 u,sz "q1 .,qg,o 1rno, I paf,unouord pup pauors ,paparroj;-Lq & dn'r\iilJi, ^q W:tj,*.\y/ 'pauraf,uof, sarped aql ol raplo aql 1o Adoc e alej '4'I 'i(;6ulp.rocce elef,Utpef, fuanoray anssl .0r 'rapro Jo ldlaral Jo elep
aql [uoJJ s)eaM oMl uL]ltM oLuaLu lsol e alu ;;eqs luecr;ddy eq1 (nt 'VO aLlt Jo stsof, oqt ot pelltua st 1ueg luecrlddy aq1 (ttt 'anp lqap aql Jo uotleztleer spreMol sluepuaJap 1o saryado.rd pue uosrad aq1 1su;e6e paacold ol palltlua osle st )ueg luecllddy aq1 (tt .anp lqep eql Jo uotleztlear
spreMol vo o1 alnpeqf,s aLll ur peqrrlsap se rrado.rd alqe^ou.ruil pa6e6poru aqq 1su1e6e paaco.rd ol paliltue st 1upg luec;1ddy aq1 (t 'uorleztlear 1111 uo11ec;ldde
Jo alep uol; e.do7og9'IT O tsarelut t1ltMueol er.ls)erns IBS loJ -/VEZ'69'sd Jo runs p pue ueol 6ulsnoq roJ _/5€g,65,IZ.sU Jo ujns e ''a'r (r{1uo eulu {1x;g pue puesnoql aulu rhuarnl sq{el on l Aluanal saednA) -/690,6Z,ZZ.SU Jo urns lplol e >1ueg luecr;ddy '6 eql ol {ed ol a;qer; {Jle.ranas pue l;lurof a.re sluepuaJaq eqj '8 :repun se,slsoc q1m peMollp st VO luesard eql ,llnsel eql uI
'slsof, pue lsalalu! eJnlnJ qltM vo
aql ut epe[! uJtels eq] Jeno3aJ ol palltlua st 1ueg lueo;;ddy aql alueq
kzoz/nLZ'oN'vol
2 issues framed by the court
Whethers the Applicant Bank is entitled to the recovery claimed in the OA against the Defendants?
Whether the Defendants failed to comply with the terms of the loan sanction.
State Bank of India, Stressed Assets Recovery Branch
Smt Bonthu Pushpa
Sri Bonthu Nageswara Rao
GUMMADI GOPICHAND
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
