Allowed

State Bank of India v. Miss Kurrapati Swarna Latha

DRT4 Aug 2025OA/226/2025

Case brief

AI extract

What is this about?

In OA No. 226 of 2025, the Debts Recovery Tribunal allowed the State Bank of India's application for recovery. The defendant was present ex parte. The Tribunal held the defendant liable to pay the outstanding loan amount of approximately Rs. 24.99 lakhs along with future interest and costs, and issued a recovery certificate.

What did the court decide?

The OA is allowed. Defendant liable to pay Rs. 24,99,353 with future interest at 11.75% p.a. Bank entitled to enforce against person and properties. Recovery certificate issued.

State Bank of India versus Miss Kurrapati Swarna Latha — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD

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DATED THIS THE 4TH DAY OF AUGUST, 2025

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA.No.226 OF 2025

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Between:

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State Bank of India, (SARB-2), RTC Cross roads, Chikkadpally, Hyderabad. Represented by its Chief Manager

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Applicant

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VERSUS

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Miss KurrapatiSwarnaLatha, D/o K. Nagarjuna Reddy, aged 37^years, occ: senior consultant, Emp ID 46220864, O/o capgemini India Private Limited, Sy.No. 1 15/32 And 35, Nanakramguda, Gachibowli, Hyderabad - 500 032.

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Defendant

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Counsel for the Parties:

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For the Applicant Sri J. Narayana Rao For the Defendant Exparte

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ORDER

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The Applicant Bank filed the present OA against Defendant for

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recovery of a. Rs.24,99,353/- (Rupees Twenty Four Lakhs Three Hundred and Fifty Three only) subse00ent in @ ll.75o/o^p.a with monthly^rests from ate of rea lization. ["',fl^[^{8f8ffi,,, ,e} ,'$' * ".$l Wrn9

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(oA.No.2261202s)

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As per the averments in the application, the Applicant Bank states that defendant availed Personal loan scheme (Xpress Credit facility) for a sum of Rs.25.00 lakhs vide letter of arrangement dated t2.06.2023 and agreed to repay in 72 EMIs @ Rs.48,552/- pm. After availing the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA and legal notice was issued on 05.03.2025. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on t4.07.2025.

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Smt M. Sarala, Manager of the Applicant Bank examined herself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1to A.6.

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q Heard the Ld. Counsel for the Applicant Bank.

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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?

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Defendant remained exparte. To substantiate the case of the

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AW.1, official of the Applicant Bank was exa m in ed levant documents as Ex.A1 to A.6. In view of the Applicant Bank has established their claim

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- ."r '" . ioflu[udf"'o *a^Srr.Jr

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V,.k;*"qV

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(oA.No.2261202s)

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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.

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B. In the result, the^present OA is allowed with costs, as under: The Defendant is liable to^pay to the Applicant Bank a total sum of Rs.24,99,3531- (Rupees Twenty Four Lakhs Ninety^Nine with

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Thousand Three Hundred and Fifty Three only) subsequent interest @ 11.75olo^p.a from date of filing of OA tlll^the date of realization.

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The Applicant Bank is also entitled to^{proceed againstthe person} and^properties of defendant towards realization of^{the debtdue.}

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The Applicant Bank is entitled to the costs of^{the OA.}

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The Applicant shall file a cost memo within two weeks^from the^date of receipt of order.

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Issue Recovery certificate accordingly.

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Communicate a copy of the order to the^{parties concerned.}

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bv her' corrected' sisned and pronounced bv me in the open court on
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State Bank of India v. Miss Kurrapati Swarna Latha

Case brief

What is this about?

What did the court decide?

State Bank of India v. Miss Kurrapati Swarna Latha

Case brief

What is this about?

What did the court decide?

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