The Debt Recovery Tribunal allowed the Original Application filed by State Bank of India for recovery of Rs. 26,85,482/- with interest from the respondent who defaulted on a personal loan under the Xpress Credit Elite scheme.
Defendant ordered to pay Rs. 26,85,482/- with subsequent interest at 11.90% p.a., costs of the OA, and issuance of a Recovery Certificate.
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 24rH DAy oF ocToBE& 2025
PRESENT: sRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.15O of 2O2S
Between:
State Bank of India, SARB-II, Chikkadpaily Hyderabad, TS. Represented by its Manager
Applicant
VERSUS
Mr.Abhishek Rathod S/o.Babu Rathod, Age:33 yrs Occ:Private Emp, D,No: 7-1-632 /72/5, Babu Nagar SR Nargar,Hyderabad
Ranga Reddy - 5OO 032.
Defendant
Counsel for the parties:
For the Applicant Sri M.Venat Divakar For the Defendants Exparte Reserved on 22.L0.2025 Pronounced on 24.L0.2025 Uploaded in website on 24.L0.2025
24.L0.2025
ORDER :
(oA.No.1s0/202s)
subsequent interest @ 11.90% p.a with monthly rests from
21.03.2025 till the date of realization.
entitled for the claim made in the OA against the Defendant as prayed
for?
Bank,. itr: was examined and he
(oA.No.1s0/202s)
exhibited relevant documents as Ex.Al to A.5. 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.
s
TP
sdl(G. GOPTCHAND) PRESIDING OFFICER fiitff*r ,#l';T#;xil'
1 issue framed by the court
Whether the applicant bank is entitled to recover the claim made in the OA against the defendant as prayed for?
State Bank of India
Mr. Abhishek Rathod
Gummedi Gopichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
