Allowed

State Bank of India v. Sri. Akash Kumar Sonker

DRT7 Aug 2025OA/134/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the application filed by State Bank of India against Sri Akash Kumar Sonker for recovery of Rs.26,45.04 with interest. The defendant remained absent.

What did the court decide?

The defendant is liable to pay the applicant bank Rs.26.45.04 with interest at 11.30% p.a. and costs of the

What the court decided

State Bank of India versus Sri. Akash Kumar Sonker — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THrs THE TrHDAy oF AUGusT, 2025

¶2

PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.134 OF 2O2S

¶3

Between:

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State Bank of India, (SARB-2), 1-B-563 /L, L't floor, Opp Sandhya Theatre, RTC X roads, Chikkadpally, Hyderabad, TS Represented by its Chief Manager

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Applicant

¶6

VERSUS

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Sri Akash Kumar Sonker, S/o Sri Kishan Lal Sonker, Aged about 37 years, male, Occ: working in VAUE Labs LLp Working in VAUE Labs LLp, Plot no.41,^{phoenierAvance,} Business Hub, Siddiqnagar, Shaikpet, Hyderabad - 500 081.

¶8

¶9

H.No. 7 -7-L}g/2, Ameerpet, Behind Gurudwara, Hyderabad - 500 016.

¶10

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H. No. 1- 60 / 30 / 68/ A/ L36, Santhosh inivas, Gachibowli, Hyderabad - 500 03

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Counsel for the^parties: For the Applicant For the Defendant

¶13

0
ity /Al|/Cw
w1rr, rSarma

¶14

(oA.134 of 2025)

¶15

ORDER

¶16

The Applicant Bank filed the present oA against Defendant for recovery of a total sum of Rs.26,45 ,oL4, - (Rupees Twenty six Lakhs Forty Five Thousand and Fourteen only) with future interest @ 11.30% p.a with monthly rests from date of filing of oA till the date of realization.

¶17

As per the averments in the application, the Applicant Bank states that defendant availed Personal loan of Rs.25.00 lakhs vide letter of arrangement dated 27.09.2023 and agreed to repay in 72 EMIs of Rs.47,971l- commencing from 05.10.2023. 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 17.01.2025. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this oA.

¶18

Defendant called absent and set exparte on 09.07 .zozs.

¶19

smt M. Sarala, Manager of the Applicant Bank examined herself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.7.

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5, Heard the Ld. Counsel for the Applicant Bank.

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The point that a11gq@eonsj_deration is whether the Appticant Bank is n/..'-- -.^{. ,:?} .:^. --\

¶22

't'" -'.:'.,-'i, ,.,; ^;,^'</sup>

¶23

entitled ror;,f{Edarmr'rnJo":\" oA against the Defendant as t,,i:., f"h\ q.j,

¶24

prayed for?^'r;r ! _ .\t ' 07fiiicif iS "11 .. ii

¶25

i ,^oTnlict^{frs :li} *^,. -$ f_.^+.1., il

¶26

,. .:ji .:.\ --ti^{+,,i /l} r",(1 '.1. \ '-r1.L!-:... :o-cr;"b*',,,. i r-: I' .{;!3 "':".'.' -,,::,.'!l-*' :Ji-';:1;f i.'::'

¶27

(OA.134 of 202s)

¶28

Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and she exhibited rerevant 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 craim made in the oA with future interest and costs.

¶29

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'26,45,oL4/- (Rupees Twenty six Lakhs Forty Five Thousand and Fourteen only) with future interest @ 11.30olo p.a from date of filing of OA till the date of realization ;

¶30

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

¶31

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

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The Applicant shail fire 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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Communicate a copy of the order to the parties concerned.

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

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sdl, NuE.coPY r-J;|rt,"T':llir'l ,rrrr'Sffil', OR^{.I, HYDERABAN}

State Bank of India v. Sri. Akash Kumar Sonker

Case brief

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State Bank of India v. Sri. Akash Kumar Sonker

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