The Debts Recovery Tribunal allowed an Original Application filed by State Bank of India to recover a debt of Rs. 25,95,324 along with pendent-lite interest from the defendant who failed to repay a term loan under the Xpress credit Line Scheme.
Recovery of Rs. 25,95,324 with pendent-lite interest @ 11.55% p.a. from 03.05.2025 and costs.
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-I AT HYDERABAD
DATED THrS THE l1rH DAY OF JULY, 2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING oFFICER
OA.No.189 OF 2025
Between:
State Bank of India, Stressed Assets Recovery branch -II, 1-8-563/1, 1st floor, Opp Sandhya Theatre, RTC X roads, Chikkadpally, Hyderabad - 20. Represented by its Chief Manager
Applicant
VERSUS
Mr. Konda Mahesh Kumar Alias Konda Mahesh,
Associate employee No. 2430761 TATA consultancy services, SDBl&SDB-2blocks, Sy.No.255, Ibrahimpatnam Mandal, Adibhatla - 501 510
Also at
Mr. Konda Mahesh, s/o Konda Veeranna, 3-18, Ayodhyanagar, Christianpally, Gandeed, Mahabubnagar, TS -509 001.
Defendant
Counsel for the Parties:
For the Applicant
For the Defendants
Sri N. Meher Prasad
Exparte
#'-*',/ 'l!a.t. d- .'i
ORDER
Bank filed the present OA against Defendant for total sum of Rs,25,95,3241(Rupees Twenty Five
(oA.No.189 l2o2sl
Lakhs Ninety five Thousand Three Hundred and Twenty Four only) with pendent-lite interest @ 11.55o/o p.awith monthly rests apart from penal interest @ 2o/o from 03.05.202s till the date of realization and in default for sale of mortgaged property as mentioned in the schedule to OA.
herself as AW.1 and exhibited relevant documents, which are
to A.6.
2
(oA. No.189/202s)
nt Bank is entitled to the costs of the OA.
plica file a cost memo within two weeks from the date * 1qr;ffisffior hr^ Js
(oA.No.189/202s)
sd/(G. GOPlCHAND) PRESIDING OFF!CER
.'
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4
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendant?
State Bank of India
Mr. Konda Mahesh Kumar Alias Konda Mahesh
Gummadi Gopichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
