Allowed

State Bank of India v. Sony Paper Plates and Cupes Rep by Its Proprietor Smt Korra Sony

DRT29 Jul 2025OA/152/2025

Case brief

AI extract

What is this about?

In a debit recovery application, the Tribunal allowed the applicant bank's claim for approximately Rs. 23.94 lakhs including interest against the proprietor and respondent jointly and severally liable for a term and CC loan.

What did the court decide?

Direct payment of Rs. 23,94,184/- with interest; realization from hypothecated assets and personal properties; issue of recovery certificate.

State Bank of India versus Sony Paper Plates and Cupes Rep by Its… — Cheque Dishonour | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 29TH DAY OF JULY, 2025

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), Nt.A. PRESIDING OFFICER

¶3

ORIGINAL APPLICATION No : 752 0F 2025

¶4

State Bank of India., SMECC Branch, Cybera bad No.72-6-39/ A/2F, Y lunction Kukatpally, Hyderabad-500072 Medcha I - Malkajgiri District. Rep. by its Chief Manager.

¶5

.....Applicant.

¶6

Versus

¶7

Sony Paper Plates and Cupes., Rep by its Proprietor Smt.Korra Sony Major, Female, Plot No.336, Phase-II Road No.06, Vinayaka Hills, BN Reddy Colony, Saroornagar, Hydera bad - 500070.

¶8

Smt. Korra Sony, W/o.Sri.K.Ram Dass lvlajor, Female, R/o. Plot No.104 Taraka Rama, Ba njara Colony Hayathnagar, Hyderabad - 501505.

¶9

... Defendants

¶10

Counsel for the Applicant : M/s.P.V.Satyanarayana Defendants : Ex-parte

¶11

:: ORDER ::

¶12

The Applicant Bank filed the present OA for the recovery a total sum of Rs.23,94,184/- i.e., a sum of Rs.20,89,962l- towards Term Loan and a sum ol Rs.3,04,222/ - towards CC Loan Limit from the defendants jointly and severally with future interest @74-40o/o^p.a. with monthly rests from the date of application

¶13

oA.NO.1s2l202s

¶14

till the date^{of realization along with costs and in default for} sale of^{hYPothecated assets'}

¶15

paPer Publication.^TheY

¶16

1. Summons^{served on D1 and 2 through} called absent^{and no}

¶17

were set ex-Parte^{on 26.06'2075as} representation.

¶18

The Applicant^{Bank examinedK GeethaLakshml'Manager'as} AW-1 and^{marked07 documentsthroughher as Ex A'1 to Ex'} A.07.

¶19

4, Heard the Ld.^{Counselfor the Applicant Bank' Perused the} material Placed^{on record'}

¶20

The^point that^{arises for considerationis:-}

¶21

Whether the^{Applicant Bank is entitled} for the claim^{madein the OA against} the Defendants^{and OA hypothecated} assets?

¶22

As stated^{supra, the Defendants remained ex-parte The} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs. A.1^{to A.O7 markedon behalf of the ApplicantBank} clinches^{the claim of the Applicant Bank against the Defendants'} Hence, I hold^{that the Defendantsare jointlyand severallyliable} to^pay the^{OA claim to the Applicant Bank with futureinterest} and costs.

¶23

In the result,^{the present Original Application No'152/2025is} allowed^{as under: -}

¶24

i) The Defendants^{are jointly and severally} liable to^{pay to the Applicant Bank} I^total OY*o

¶25

oA.NO.152l2025

¶26

sum of Rs.23,94,1841-^{i.e., asumof} Rs,2},8g,g62l- towards^{TermLoanand a} sum of Rs.3,04,2221-^{lowardsCC Loan LimiU} with future interest^{@12.40Vop.a. simple} from the date of^{application till the date of} realization;

¶27

ii) the OA claim is^{secured bY way of} hypothecation of^{assets describedin the} schedule annexed^{tothe OA and the} applicant bank^{is entitledto proceed against} the same to^{realise its debt;}

¶28

iii) the applicant^{bank is also entitled to proceed} against the^{person and} Properties^of defendants for^{realizationof its dues;}

¶29

iv) the applicant^{bankis entitledfor the costs'}

¶30

The Applicant Bank is directed to^{file Cost Memo within2 weeks} from the date of receipt^{of this Order.}

¶31

Issue Recovery^{Certificateaccording ly.}

¶32

Communicate^{a copy of this order to the parties concerned'} lDiatut"d^{to th" ,t"no,cor;ected,sitned and pronounced by me in the open courton} this the^{29th DaYofJulY,2025).}

¶33

/0w*o ((AMESHWAR KorHE) PRESIDING^OFFICER

State Bank of India v. Sony Paper Plates and Cupes Rep by Its Proprietor Smt Korra Sony

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sony Paper Plates and Cupes Rep by Its Proprietor Smt Korra Sony

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Sri Vijaya Lakshmi versus Union Bank of India

Moru Pushpa versus Union Bank of India

M/S. Canara Bank versus M/S. Mamatha Dairy (Sole Proprietory Firm)

Ravi Kanth Durgam versus Reliance Asset Reconstruction Company Limited

Sun Shine Steel Industries versus Indian Bank

Domala Srinivas versus Icici Home Finance Company Limited