Allowed

State Bank of India v. mohd pasha

DRT28 Apr 2025OA/6/2025

Case brief

AI extract

What is this about?

In OA.No.6 of 2025, Debt Recovery Tribunal-I at Hyderabad allowed an application filed by State Bank of India against Mohd Pasha. The tribunal held that the Bank established its claim via documentary evidence presented by its official, finding the Defendant liable for the outstanding loan amount along with future interest.

What did the court decide?

Recovery of Rs.23,54,433/- with interest @ 13.15% p.a.; entitlement to proceed against property; issuance of recovery certificate.

State Bank of India versus mohd pasha — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS^{RECOVERYTRIBUNAL-I AT HYDERABAD} DATED THIS^{THE 28TH DAYOF APRIL' 2025}

¶2

PRESIDING^OFFICER PRESENT: SRI^{GUMMADI GOPICHAND,}

¶3

OA.No.6 of 2025

¶4

Between:

¶5

State Bank^{of India,} SARB-II Branch, Opp SandhYa^theatre,RTC "X" roads, ChikkadPallY, Hyderabad -^{500 020.} Represented^{bY its ChiefManager} Applicant

¶6

VERSUS Mohd Pasha, Aged major,^{occ:High Court} Employee,^{emPloYeeno.2595255,} Rlo 7-BlI BaPu^{nagar colony,} Near^gold cup,^{Hotel Sherilingampally,} Defendant Hyderabad,^{Ranga ReddY - 500 019'}

¶7

Counsel For^{thePa rties:} Sri C. Sreedhar For the APP|icant Ex^pa rte For the Defendant

¶8

ORDER

¶9

filed the present OA^{againstDefendant for} 1. The APP|icant^Bank 23.,54,433/'^{(Rupees TwentY}

recovery

Three La

(oA.No.6/202s)

Fifty four Thousand Four hundred and thirty three only) with further interest @ 13,15olo^p.awith monthly rests from date of^filing of OA till the date of realization.

¶14

As per the averments in the application, the Applicant Bank states that defendant availed^personal loan for a sum of Rs.25.00^{lakhs on} vide personal loan agreement dated 76.1.2022. The defendant agreed to repay the^personal loan with fixed rate of interest @ 72.75o/o per year and @ 2olo charged for the^period of delay and^the loan is to be repaid in 72 equated monthly instalments of Rs.49,O7l/-. After availing the loan facility, the defendant failed to comply the terms of sanction, hence the applicant bank^was constrained to classify the account as NPA on 16.05.2024^{and issued} legal notice on 07.12.2024. Inspite of several requests and demands, the defendant did not clear the outstanding.^{Hence this} oA.

¶15

Defendant called absent and set exparte on 08.04.2025.

¶16

Smt M. Sarala, Manager of the^{ApplicantBank examined herself as} AW.1 and exhibited relevant documents, which are marked^as Ex.A.lto A.e. A^q i/ rP

¶17

Heard the Ld. Courlqpl for the 20

¶18

" $1_

¶19

(oA.No.6/202s)

¶20

The point that arise for consideration is whether the Applicant Bank is entitled for the claim made in the OA against the Defendant as prayed for?

¶21

DeFendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A1 to A.9. 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.

¶22

B. In the result, the present OA is allowed with costs, as under:

¶23

The Defendant is liable to pay to the Applicant Bank a total sum of Rs.23,54,433/- (Rupees Twenty Three Lakhs Fifty four Thousand Four hundred and thirty three only) with further interest @ 13.15olo p.afrom date of filing of OA till the date of realization

¶24

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

¶25

The Applicant Bank of the oA.

¶26

The Applicant shall weeks from the date i,'k n oF receipt of order. i.'A l.* 20arel6 I rt%r$" 3 ft;w$#

¶27

(oA.No.5/202s)

¶28

¶29

Issue Recovery certificate accordingly.

¶30

Communicate a copy of the order to the parties concerned.

¶31

(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 28th day of April, 2025)

¶32

sd/(G. GOPTCHAND)

¶33

PRESIDING OFFICER

¶34

: L U :.opnrr Hrn 'tv'l
F
Rt-,r,$:y

¶35

trvl*k,
,.--tI YiIERABAO.

State Bank of India v. mohd pasha

Case brief

What is this about?

What did the court decide?

State Bank of India v. mohd pasha

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

Thakkallapally Prathyusha versus Repco Home Finance Ltd.

Palleni Sampath Rao and Another versus Repco Home Finance Limited

Union Bank of India versus M/S. Chaitanya Transport

State Bank of India versus Smt Buddharaju Kalyani

G Kalleda Ganga Reddy versus Reliance Asset Reconstruction Company Limited

Central Bank of India versus M/s. Pragathi Industries