Allowed

State Bank of India v. M/S. Mbs Industries

DRT14 Nov 2025OA/263/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed the applicant Bank's original application for recovery of dues totaling Rs. 2,61,15,967/ along with future interest, costs, and permission to proceed against hypothecated/mortgaged properties.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 2,61,15,967/ with interest; issuance of Recovery Certificate; permission to proceed against hypothecated/mortgaged property and guarantors' assets.

State Bank of India versus M/S. Mbs Industries — Banking and Recovery | DRT (2025)

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INTHEDEBTSREGoVERYTRIBUNAL-IATHYDERABAD DATED^{THIS THE 14th DAY OF NOVEMBER' 2025} PRESENT:SRIGUMMADIGoPIGHAND,PRESIDINGoFFIGER OA. No.263^{OF 2025}

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Between^:

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State Bank^{of lndia,} Stressed^{Asset Recovery Branch'} 2ndFloor,TSRTCCommuterAmenityCentre' Bus Terminal^{ComPlex,Koti'} Hyderabad -^{500 095} Represented^{bY its Chief Manager}

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Applicant

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VERSUS

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M/s^{MBS lndustries'} A PartnershiP^Firm ReP.^{bY its Partner'} H.No.^{g-11514tNl, SY'No' 755/A3'} Chattanpalle^{Village' Farooqnagar'} Mahaboobnagar,^{District - 500 216 TS}

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Sri^{Tammagonda Bhanu Chander'} Son of^Thammagonda' Aged^{: 43 Years, Male'} H.Uo.^{23-97, Hanuman ColonY'} Farooqnagar,^{Mahaboobnagar'} District -^{500 216 TS} ,i

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(oA. No. 253/202s)

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3. Smt. Bandari^Manisha' WoSri^{Bandari Mallesh,} Aged:^{34Years,Female,} 7-4-129,^{Madhavi Nagar'} Near Samrat^{Hotel, Feroznagar'} Balanagar,^{Tirumalagiri,} Hyderabad,^{500 011,Telangana}		Defendants
Counsel^fortheParties^:
ForThe^APPIicant Forthe^Defendant	C. Prabhakar Exparte
Reserved^on Pronounced^on	12.11.2025 14.11.2025
Upload^inwebsiteon	15.11.2025

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ORDER

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The Applicant^{Bankfiled the presentOA against Defendants for} recovery^{of a total sum of Rs'2'61'15'967/'(Rupees Two Crores} Sixty^{One Lakhs FifteenThousand Nine Hundred and Sixty} sum^of - Seven 1t ffol, a6 I i,

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(oA. No. 263/202s)

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(i) Rs.63,85,77?-^{(RupeesSixty Three Lakhs EightyFive} Thousand^{Seven Hundred and Seventy Two Only) with} interest @^{12.65% p.a with monthly rests from the date of this} application^{till the date of realization;}

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(ii) Rs.l,97,30,195/-^{(Rupees One Crores Ninety Seven Lakhs} Thirty^{ThousandOne Hundredand Ninety Five Only) with} interest @^{12'65Yo p'a with monthly rests from the date of this} application^{tillthe date of realization;}

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and in^{default for sale of Hypothecated Movablesand Mortgaged} Property^{as mentioned in the Schedules I and ll to OA'}

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As^{per the avermentsin the application' the ApplicantBank states} that^{DefendantNo.1 is a PartnershipFirm representedby its} Partner^{DefendantsNo' 2 and 3 availed Cash Credit Loan of} rs'[email protected]%p.awithmonthlyrestsand Term Loan^{of Rs'1'00 Crores repayable in 77 monthly} installments^{of Rs.1,25,000/- each with interest@7'15o/o p'a with} monthly rests^{and executed Agreement of Loan cum} Hypothecation^{dated 07 '07 '2022 in favor of the Applicant Bank'} TheDefendantNo.2and3stoodasguarantorandexecuted Guaranteed^{agreement dated 07'07'2 022 in'favorof the Applicant} Bank.^{Defendant no'3 created equitable Mortgage morefully} Schedule^{ll to the OA by way of depositof sale} Memorandum^{of depositof title deedsdated} ".07.2 IUI""^{Applicant Bank' The defendantsno'1}

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(oA. No. 2631202s)

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to 3 were^{renewed/ revisedthe said loan facilities from time to} time. After^{availing the loan facilities,the defendantsfailedto} comply^{the terms of sanction, hence the applicant bank classified} the account^{as NPA and issuedLegal notice on 29'05'2025'} lnspite of^{several requestsand demands' the defendantsdid not} clear the^{outstanding.Hence this OA'}

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Defendants^{called absent and set exparte on 08'09'2025}

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of the APPlicant^{Bank examined} 4. Smt. KalYani^{Rathod, Manager} relevant^{documents,whichare} herself as^{AW.1 and exhibited} marked^{as Ex.A.1 to A.14'}

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Heard^{the Ld. Counsel for the ApplicantBank'}

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is whether^{the APPlicant} 6. The point^{that arise for consideration} in the OA^againstthe bank is^{entitled for the claim made} Defendants^as PraYed^for? 7. Defendants^{remainedexparte' To substantiate the case of the} Applicant^{Bank, AW.1, official of the Applicant Bankwas} examined^{and she exhibited relevant documents as Ex'A'1to} A.14. ln^{view of the above, I hold that the Applicant Bankhas} established^{their claim made in the OA against the Defendants} Applicant^{Bank is entitledto recover the claim} future interest^{and costs'}

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(oA. No. 263/202s)

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ln the result,^{the present OA is allowedwith costs, as under:}

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The Defendants^{No. 1 to 3 are jointly and severallyliable to pay} to the Applicant^{Bank a total sum of Rs'2,61,15,967/-(Rupees} TwoCroresSixtyoneLakhsFifteenThousandNineHundred and Sixty^{Seven OnlY) i'e a sum of} -

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(i) Rs.63,85,7721-^{(RupeesSixty Three Lakhs EightyFive} Thousand Seven^{Hundred and Seventy Two Only) with} interest @^{12.65Yop.a from the date of this applicationtill the date} of realization;

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(ii) Rs.l,97,30,195/-^{(Rupees One Crores NinetySeven Lakhs} Thirty Thousand^{One Hundredand Ninety Five Only) with} [email protected]%p.afromthedateofthisapplicationtillthedate of realization;

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The Applicant^{Bank is entitled toproceed against the} Hypothecated^{Movablesand MortgagedPropertymentionedin} the Schedules^{I and ll to the OA towards realization of the debt} due.

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The Applicant^{Bank is also entitledto proceed againstthe person} ants no. 2^{and 3 and the propertiesof} realization^{of the debt due.}

14 ilou 2ff6 :

(oA. No. 2631202s)

That Applicant^{Bank is entitled to the costs of the OA'}

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The Applicant^{shall file a costmemowithin two weeks from the} date of receiPt^{of order.}

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lssue Recovery^{Certificate accordingly'}

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

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(Oictated to the^{P.A.,transcribedby her' corrected' signed and pronouncedby me in theopen courton}

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this the^{14rh day of Nov,2025)}

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sdr' (G. GOPICHAND) PRESIDING^OFFICER

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State Bank of India v. M/S. Mbs Industries

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Mbs Industries

Case brief

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