The Debts Recovery Tribunal allowed the Originatory Application filed by State Bank of India against Sri Muggu Kumar for recovery of default housing loan and top-up amount aggregating to Rs.29,42,973/- with interest and costs.
Order allowed; Defendant liable to pay Rs.29,42,973/- with future interest @11.45% 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 RECOVERY TRIBUNAL-IAT HYDERABAD
DATED THIS THE 17TH DAY OF DECEMBER'2024
PRESENT: SRI GUMMADI GOPICHAND,PRESIDING OFFICER
OA.No.153 of 2024
Between:
State Bank ofIndia, Stressed AssetsRecoverY Branch, 2nd floor, TSRTC, CAC,Koti, Hyderabad, TelanganaState. Represented by itsChiefManager
Applicant
VERSUS
Sri Muggu Kumar, S/o Mr. MugguYadagiri, Aged 30years, occ:business, H.No. 14-308/11, Adarsha nagar, Alair, Nalgondadistrict -508 101. Telangana State.
Defendant
Counsel forthe Parties: For the APPlicant For the Defendant
Smt B. RamanaKumari Exparte
ORDER
*-J',9- ilru r+vo! !'ovrfl1
(OA.1s3 of 2024)
date of realization and in default for sale of mortgaged property as mentioned in the schedule to OA.
unsel for the APPlicantBank. 17 0tc rul
(oA.1s3 of 2024)
(oA.1s3 of 2024)
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 17th day of Dec,2024)
sd/(G. GOPTCHAND)
PRESIDING OFFICER
1 7 0EC 202r
2 issues framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant?
Whether the Defendant is liable to pay the recovered sum with future interest and costs?
1 provisions across 1 enactments
State Bank of India, Stressed Assets RecoverY Branch
GUMMADI GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
