Debts Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of a personal loan amounting to Rs.23,70,307/- with interest and costs against the Defendant, who was absent.
Recovery of Rs.23,70,307/- with interest @ 12.90% p.a. from the filing date, costs, and issuance of recovery certificate.
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 4TH DAY OF DECEMBER' 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.194 ot 2024
Between:
State Bank of India, Stressed Assets Recovery Branch-II, 1-B-563/1, 1't floor, Opp Sandhya Theatre, RTC Cross Roads, Chikkadpally, Hyderabad, Telanga na State. Represented by its Chief Manager
Applicant
VERSUS
Sri Ganta Chandra Mohan, Rly Qtr.No.402l1, Riffle Range Colony, Himayathnagar, Hyderabad - 500 026.
Defendant
Counsel for the Pa rties:
For the Applicant
For the Defendant
Sri C. Prabhakar
Exparte
ORDER
(oA,194 of 2024)
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prayed for? il 'iy rk
ii n r 0EC 71[t -rl
written statement. T(o te thqd6se of the Applicant Bank, i / tr'<sup>-i ,..I
(OA.794 of 2024]'
AW.1, official of the Applicant Bankwas examinedand he exhibited relevant documents as Ex.A1 to A.7.In view of the above, I hold that the Applicant Bankhas establishedtheir claim made in the OA against the Defendant andhence the Applicant Bank is entitled to recover the claim madein the OA with future interest and costs.
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2 issues framed by the court
Whether the Applicant Bank is entitled for the recovery claim against the Defendant?
Whether the Applicant Bank has established its claim made in the OA?
1 provisions across 1 enactments
State Bank of India, Stressed Assets Recovery Branch-II
Gummadì Gopichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
