Debts Recovery Tribunal allowed the debtor's official OA filed by State Bank of India for recovery of loans and interest, holding the bank established its claim and defendants are jointly and severally liable.
Defendants are joint and several liable to pay Rs. 54,90,552 with future interest at 12.4% p.a., costs, and recovery certificate issued.
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 THIS THE 28TH DAY OF JUNE 2024
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.35 ot 2024
Between:
State Bank of India, 2nd floor, TSRTC Commuter Amenity Centre, bus terminal complex, Koti, Hyderabad - 500 095. Represented by its Chief Manager
Applicant
VERSUS
(OA.No.3sl2024)
ORDER
(oA.No.3sl2024)
(oA.No.3sl2024)
Rs.23,88,144l- under loan A/c. No.41989018225) with further interest @ l2.4oo/o p.a from the date of application till the date of realization;
and properties of defendant No.2 and properties of defendant no.1 firm towards realization of the debt due.
of receipt of order.
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 28th day of )une, 2OZ4)
,4"fr '
i ,' '{f
!... -:)
,t;' *
; ?sJuilml ?
aiil
(,]''n' '/t,,..'-f.W,
, .: .
|.?)
sdl-
(G. GOPICHAND)
PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to the recovery claim made in the OA against the Defendants?
State Bank of India
Manikanta Plastic
Sri Teki Mallesham
Sri Gummadi GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
