Allowed

State Bank of India v. Sri. Pavali Venkata Ramanaiah

DRT18 Jul 2025OA/128/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal-IAT Hyderabad allowed an application filed by State Bank of India for recovery of Rs. 23.17 Lakhs and future interest against a defaulted personal loan. The Tribunal found the bank's claim substantiated and ordered the payment of the dues.

What did the court decide?

The defendant ordered to pay Rs. 23.17 Lakhs with future interest from date of application till realization; recovery certificate to be issued.

State Bank of India versus Sri. Pavali Venkata… — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS^{RECOVERYTRIBUNAL-IAT HYDERABAD}

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DATED THIS TGE 18IH^{DAY OF JULY'2025}

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PRESENT: SRI GUMMADI^{GOPICHAND,PRESIDING OFFICER}

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oA.NO.128 0F 2025

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Between:

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State Bank of India, Stressed Asset^{RecoverY Branch,} (SARB-2) 1-B-563/1, 1't floor, Opp Sandhya Theatre,^{RTCCrossRoads,} Chikkadpally, HYderabad,^T.S. Represented by its Chief^Manager

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Applicant

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VERSUS

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Sri PavalivenkataRamanaiah, S/o Aadeiah, aged²⁷ Yers, Occ:^private emPloYee, R/o H.no.15-2L-132/4, Balajinagar, KukatPallY, Hyderabad - 500 072.

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Also at

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H.No.212-578, Darsigunta Peta village, PodiliPrakasam, Andhra Pradesh - 523 ll2.

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And also at

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Card no. 167486, Associate^No.2613454, Tata consultancy services, synergy Park, Seri LingamPallY, Gachibowli, Hyderabad -^{500 072'} Defendants

:Smt B. RamanaKumari

: Exparte

(oA.No.128/202s)

ORDER

l,TheApplicantBankfiledthepresentoAagainstDefendantforrecovery of a total sum of^{Frs-23-17,145/- (RupeesTwenty three Lakhs} seventeen Thousand^{One Hundredand Fofty Six only)with} future interest @^{l3'75o/o p'a with monthly rests from date of} application till^{the date of realization'}

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As per the^{avermentsin the application,the Applicant Bank states} thatdefendantavailedpersonalloanunderXpressCreditschemefora sum of Rs.25.OO^{lakhs on 27'04'2023'To securethe due repayment} of loan facility,^{the defendant executed personal loan agreement} daled2T.O4.2023.Afteravailingtheloanfacility'thedefendantfailed

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to comply the^{terms of sanction, hence the applicantbank was} constrainedtoclassifytheaccountasNPAandissuedlegalnotice dated 21.01.2025.^{Inspite of several requests and demands' the} defendant^{did not clear the outstanding'Hence this OA'}

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Defendant^{calledabsent and set exparte on 13'06'2025'}

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....,*i:$ifi. Rama Rao, Chief Manager of the Applicant Bank examined
.: ' "'s.i:. ,..'.1.
l: *-
hirhc6tf "pLu$.r and exhihited relevant documents, which are marked
A 7
1 0'3lfilfttto
),
^o -lri.
(W

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(oA. No.128/202s)

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant Bank is entitled for the claim made in the OA against the Defendant as^prayed for?

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Defendant called absent and set exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A1 to A.7. In view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Applicant Bank is entitled to recover the claim made in the OA with Future interest and costs.

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B. In the result, the^present OA is allowed with costs, as under: The Defendant is liable to^pay to the Applicant Bank a total sum of Rs.23,L7,L46/- (Rupees Twenty three Lakhs Seventeen Thousand One Hundred and Forty Six only) with future interest @ 13.75%^p.afrom date of^application till^{the date of realization.}

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Bank is also entitled to^proceed against the^person and toward realization of the debt due.

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/ l:.'
{r
; fi.8r{l&o'Riicani-aank is entitled to the costs of the oA.
w 3,
.q. ^es
Wffiry

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(OA.No.128/202s)

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The Applicant shall file a cost memo within weeks from the date of receipt of order.

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Issue Recovery certificate accordingly

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Communicate a copy of the order to the parties concerned.

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(Oictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 18th day of July'2025)

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sd/-

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(G. GOPTCHAND) PRESIDING OFFICER

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U .rFIJEEOPY"9'ta2'
AcsJ86tarar
f ir" f. i,YIi,! '

¶38

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,.G*!&'j":

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State Bank of India v. Sri. Pavali Venkata Ramanaiah

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri. Pavali Venkata Ramanaiah

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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