The Debt Recovery Tribunal allowed the applicant Bank's Original Application filed against the respondent Defendant. The Bank claimed a loan under the Xpress Credit Scheme with sanctions for recovery.
The Defendant is liable to pay Rs. 21,31,384.00 with future interest. Recovery Certificate issued. Costs of OA awarded to Applicant Bank.
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 RECOVERYTRIBUNAL-IAT HYDEMBAD DATED THIS THE 12th DAY OF NOVEMBER, 2025 PRESENT: SRt GUMMAD| cOptCHAND, pREStDtNG OFFTCER
OA. No. 160 OF 2O2S
Between:
State Bank of lndia, Stressed Asset Recovery Branch, 2nd Floor, TSRTC Commuter Amenity Centre, Bus Terminal Complex, Koti, Hyderabad - 500 095 Represented by its Chief Manager
Applicant
VERSUS
Mr. Komatireddy Bhoji Reddy, S/o. Mr. Komatireddy Ramachandrareddy, Occ : Govt. Services, Rlo 1 -6-1 41 t29l6/E6, Sriram Nagar, Ward No.7, Choutuppal,, Nalgonda District - S0g 213,
And also at:
ZPHS Pangal,pangal, Nalgonda District - 508 001.
Defendant
(oA. No. 150/202s)
Counsel for the parties :
For The Applicant B. Ramana Kumari, For the Defendant T. Vijay Kumar Reserved on 06.11.2025 Pronounced on 12.11.2025 Upload in website on 13.11.2025
ORDER
- The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.21,31,3g4.00/- (Rupees Twenty One Lakhs Thifi One Thousand Three Hundred and Eighty Four Only) as on 15.04.2025 with future interest @ .t4.05% with monthly rests from 26.03.2025 till the date of realization.
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(oA. No. 150/202s)
and issued Legal notice on O1.O4.2O2S . lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.
- Sri. P. Prabhakar, Manager of the Applicant Bank examined himself as AW.'l and exhibited relevant documents, which are marked as Ex.A.1 to A.7
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(oA. No. 150/202s)
The Defendant is liable to pay to the Applicant Bank a total sum of Rs.21,31,384.00/- (Rupees Twenty One Lakhs Thifi One Thousand Three Hundred and Eighty Four Only) with future interest @ 14.05% from 26.03.2025 till the date of realization.
(Dictated to the P.A., transcribed by her, conected, signed and pronounced by me in the open court on this the 12h day of Nov, 2025)
sd/-
(G. GOPTCHAND)
PRESID!NG OFFlCER
3 issues framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum with future interest and costs from the Defendant.
Whether the Defendant forfeited his right to file a written statement by not doing so within the stipulated time.
Whether the evidence presented by the Bank establishes the debt and the claim.
State Bank of India
Mr. Komatireddy Bhoji Reddy
G. Goptchand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
