Allowed

State Bank of India v. Sandhya Vani

DRT21 Aug 2025OA/227/2025

Case brief

AI extract

What is this about?

A Debt Recovery Tribunal allowed an Original Application filed by State Bank of India for recovery of dues totaling approximately Rs. 4.15 crore from four individual borrowers and a corporate entity, holding them jointly and severally liable along with foreclosure rights.

What did the court decide?

Defendants ordered to pay Rs. 4,15,00,371/- with future interest, costs, and/or realise the debt from mortgaged properties.

State Bank of India versus Sandhya Vani — Banking and Recovery | DRT (2025)

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IN THE DEBTS^{RECOVERY TRIBUNAL-II AT HYDERABAD} DATED THIS^{THE 21ST DAY OF AUGUST, 2025}

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PRESENT: SH.^{RAMESHWAR KOTHE,B'Com', L'LB' (Hons')' M'A'} PRESIDING OFFICER

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ORIGINAL^{APPLICATION No: 227 OF 2025}

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M/s.State Bank^{of India.,} SARB, D.No.^{5 4-20-tBl3F} lUG 3'd Floor, Upstairs^{of KFC,SuryaPrakash} Square, Gurunanak^NagarRoad NiR District,^{Vijayawada, Andhrapradesh-520008'} Rep. by its Chief^Manager.

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.....Applica^nt.

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Versus

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Smt.Palle SandhYa^Vani W/o.P.Surya^{Narayana, Age 57 Years} Occ: Business,^{R/o.H.No'4-2062/tO} Siddharth Nagar,^{OPP PVKN Degree} College, Chittoor,^{Andhra Pradesh-517001'}

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M r. Palle SurYanaraYana S/o. P.Narayana^{Reddy, Aged 64 Years} Occ: Business/MD^{of M/s.SS Granites} R/o.H.No.4-2062/^{10, SiddharthNagar} Opp., PVKN^{Degree College, Chittoor} Andhra Pradesh -^517001.

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Mr. Palle Gowtham^ReddY S/o. P.Surya^{Narayana, Age 36 Years} Occ: Business,^{R/o.H.No.4-20621 lO} Siddharth^{Nagar, OPPPVKN Degree} College, Chittoor,^{Andhra Pradesh-517001.}

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Mr. Palle Yakeswara^Reddy S/o. P.Surya NaraYana,^{Age 31 Years} Occ: Business,^{R/o.H.No.4-20621 L0} Siddharth Nagar, OPP^{PVKN Degree} College, Chittoor,^{Andhra Pradesh-517001.}

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Smt. Palle Manognya,^{W/o.RamakanthReddy} Age 37 Years, Occ: Business^{R/o.H.No.4-2062/10}

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4Yu"o

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oA.NO.227 /2025

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Siddharth Nagar, Opp pVKN Degree uoilege, Chittoor, Andhra pradeih_5tzOOt.

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M/s.SSGranites., l"p 9I^{its proprietorMr.palle Suryanarayana} l:s 91.?,.1:2062/to,^{siddharth N;;;; -'-""} opp PVKN Degree College, Chittoor Andhra^{pradesh-517001.}

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... Defendants

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Counsel for the Applicant Mr.M.Venkat Divakar

Defendants

Ex-pa rte

:: oRDER::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.4,15,00,37L/_ i.e., a sum of Rs.1,20,5g,.681/_ towards Loan A/c.No.373618g4g27 with future interest @9.40olo g.d., a sum of Rs.1,09,g I,7Sl/_ towards Loan A/c.No.37S529SBg35 with future interest @9.45% p.a., a sum of Rs.1,20,72,189/- towards Loan A/c.No.396952g0g94 with future interest @12.40% p.a, and a sum of Rs.63,g7,750/_ towards Loan A/c. No.40595336783 with future interest @9.25olo p.a. from the defendants joinily and severally with monthly rests and penal interest @2olo p.a. from 16.02.2025 till the date of rearization arong with costs and in defaurt for sare of OA schedule properties.

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Summons served on D1 to 6. They were set ex_parte on LL.06.2025 as called absent and no representation.

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The Applicant Bank examined D VSBG Krishna, Deputy Manager. as AW-1 and marked 23 documents through him as Ex. A.1 to Ex. A.23 and examine'frWua Rao, Dv'

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oA.NO.Z27 12025

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Manager, as AW-2 and marked 2 documents through him as Ex.A.24 & Ex.A.25.

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Heard the Ld. Counsel for the Applicant Bank. Perused^the material placed on record.

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The point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.25 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.227/2025 is allowed as under:^-

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a total sum of Rs.4,15,00,37t/- i.€., a sum of Rs.1,20,58,681/- towards Loan A/c. No. 37361884927, a sum of Rs.1,09,81,751/towards Loan A/c.No.37552958835, a sum of Rs.L,2O,72,lB9/- towards Loan A/c. No. 39695280894 and a sum of Rs.63,87,750/towards Loan A/c.No.40595336783; with uwn

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oA.NO.227 /2O2s

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future interest @8.75olo p,a. simple from the date of application till the date of realization;

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ii) the OA claim is secured by way of mortgage of properties described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii ) the applicant bank is also entiUed to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entitled for the costs.

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B. The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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1.0. Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 21st Day of August, 2025).

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.,/,/(fu,*d (RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. Sandhya Vani

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sandhya Vani

Case brief

What is this about?

What did the court decide?

What the court decided

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