In Debt Recovery Tribunal proceedings, the applicant bank recovered Rs. 97,62,699 along with interest for term loan and GECL against absconding defendants who defaulted on vehicle loans.
OA is allowed with costs; claim of Rs. 97,62,699 along with interest is recoverable.
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-I AT HYDERABAD DATED THrs THE 9r, DAy oF JtJLy, 2024
PRESENT: SRI GUMMADI GoPIcHAND, PRESIDING oFFICER OA.No.34O of 2023
Between:
State Bank of India, Adilabad branch, Adilabad district. TS Represented by its Branch Manager
Applicant
VERSUS
Male, 11-262, IB block, Sharda Banjar complex, Utnoor, Adilabad - 504 311.
Male, S/o AthramBhujanga Rao, Occ: business, aged 32 years, L1-262,I8 btock,
Sharda Banjar complex, Utnoor, Adilabad - 504 311.
Defen da nts
Counsel for theparties:
Sri A.M. Kiran Kumar
Expa rte
I s l1]l2[2q
(OA.No.34o of 2023)
ORDER
lakhs the defendants executed agreement of ffi,t:nif-of -Rs.6 *,$"qu,'on. Arter avaitins rhe toan racitities, rhe ,i;::#si-"9# "t
"a-defen&rBfair6d+comprvthe terms of sanction, hence the :u0p&all[Lo4ll *asji"nsrrainedto crassiry the account as NpA on ,1. c lcll ) :.. .! ,lf ;3'-,;'
(OA.No.34O of 2023 )
30.05.2023 and issued deFault notice dated 16.05.2023,31.05.2023 and 17.06.2023. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.
entitled for the claim made in the OA against the Defendants as
prayed for?
il. In resent oA is allowed with costs, as under: 09 .lrll * -r ,.-,...9 ' .-.J
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etep eLll llll VO Jo 6u;p1 1o alep eql r-uo.r; e.d o/oOb.ZI @ tsoratut arnlnJ qlrM ueol ulJel;o padsal q _/BBl,bL,gZ.sU Jo r-uns y (e
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Alau;p pue paJpunH xls puesnoql uaaes Ay;g sqr1e1 uenes AUII{I saednu) -/66g,Lg,L€.sU Jo LUns letot e )ueg 1uec1;ddy aql ol ,(ed ol alqerl I1;elanas pue l;1uro[ a.re s]uepuaJao aqf .6
(€zoz to ott oN Vo)
(OA.No.340 of 2023)
(G. GOPTCHAND) PRESIDTNG OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants?
State Bank of India
M/s. ARK Logistics
Sri Athram Roshan Kumar
Sri Gummidi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
