Allowed

State Bank of India v. Sri Babu Gurudani Palli

DRT1 Aug 2025OA/131/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Hyderabad, allowed a recovery application filed by State Bank of India against its defendant for a personal loan default. The Bank proved its case with documentary evidence as the defendant remained absent. The Tribunal held the defendant liable to pay the principal sum with future interest and directed the issuance of a recovery certificate.

What did the court decide?

Recovery of Rs. 23,24,044/- with 12.05% p.a. interest, costs, and issuance of recovery certificate.

State Bank of India versus Sri Babu Gurudani Palli — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD

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DATED THIS THE IST DAY OF AUGUST,2025

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFIcER

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OA.No.131 OF 2025

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Between:

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State Bank of India, Stressed Assets Recovery Branch-II, H.No. 1-B-563/1, first floor, Opp. Sandhya Theatre, RTC X roads, Hyderabad, Telangana State. Represented by its Chief Manager

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Applicant

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VERSUS

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Sri BabuGurudaniPalli, S/o Sri G. Prabhudas, aged About 45 years, male, Occ: working in Indian Railway Catering and tourism corporation, Senior Section Engineer, Bridges, SC Railway, Secunderabad.

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And also at

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H.No.4-27 4, AcharammaKottal, Guntakal, Anantapurdist- 515 801.801.

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Guntakal, Anantapurdist- 515 801.801. Defenda nt Cou n selsel For the Sri G. PrabhakarSarma For the Expa rte ,,.^-.ii W,o*r,,rcuoffi 1. The Appl ica nt\Sg-ntEyftg{'$rt/ present OA against Defendant for recovery of a total sum of Rs.23,24t044l- (Rupees Twenty Three Lakhs Twenty Four Thousand and Forty Four onty) with

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Cou n selsel

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(oA.131of 2025)

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interest @ 12.05o/o p.a with monthly rests from date of application till the date of realization.

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As per the averments in the application, the Applicant Bank states that defendant availed personal loan under Xpress Credit scheme for a sum of Rs.21,48,000/- vide letter of arrangement dated 30.11.2023. The defendant executed personal loan agreement on 30.11.2023 and agreed to repay in 72 EMls with a monthly instalment of Rs.42,050/- per month. After availing the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA and legal notice was issued on 31.01.2025. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on Lt.07.2025.

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Skri M. Ravinder, Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.6.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise fo consideration is whether the Applicant Bank is entitled for the OA against the Defendant as prayed 5 + 01IUC2tP5 i1r ftru",,,,"

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(oA.131of 2025)

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Defendant remained 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.6. 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.23,24,O44l- (Rupees Twenty Three Lakhs Twenty Four Thousand and Forty Four only) with interest @ 12.05% p.a from date of application till the date of realization ;

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The Applicant Bank is also entitled to proceed against the person and properties of defendant towards realization of the debt due.

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The Applicant Bank is entitled to the costs of the OA.

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

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Issue Recovery certificate accordingly.

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Co te a copy of the order to the parties concerned.

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by her, corrected, stgned and pronounced by me in the open court on

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sd/tUE^pOPY ^, . PRESTDTNG (G.GoPtcHAND)oFFrcER 01/,UD2W : I .{)%3{ 'q Asst{,e -c.i!br oRl-t,^HYDiRA9AD' \Wg-9

State Bank of India v. Sri Babu Gurudani Palli

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri Babu Gurudani Palli

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Statutes considered

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