Allowed

State Bank of India v. M/S. Bomma Dhanlakshmi Rmc

DRT25 Nov 2025OA/282/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an Originating Application by State Bank of India to recover ₹57,63,478 with interest from a proprietorship firm and guarantors who defaulted on cash credit, term, and GECL loans, granting the bank rights to proceed against mortgaged properties and issue a recovery certificate.

What did the court decide?

The defendants are ordered to pay a total sum of Rs.57,63,478 with future interest at specified rates; the bank is entitled to proceed against hypothecated and mortgaged properties, and a Recovery Cer

State Bank of India versus M/S. Bomma Dhanlakshmi Rmc — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 2oth DAY OF NOVEMBER,2025

¶2

PRESENT: SR! GUMMADI GOPIGHAND, PRESIDING OFFICER

¶3

OA. No.282OF 2025

¶4

Between :

¶5

State Bank of lndia, Stressed Asset Recovery Branch (SARB), 2nd Floor, TSRTC Commuter Amenity Center, Bus Terminal Complex, Koti, Hyderabad,

¶6

Representated by its Authorized Officer

¶7

Applicant

¶8

VERSUS

¶9

M/s. Bomma Dhanlakshmi RMC

¶10

Represented by its Proprietor Smt. Bomma Dhanlakshmi, Wo Ramaswami,

¶11

H.No. 3-6-1 13/2,

¶12

Hanuman Temple road, Sanjay Nagar, Suryapet District Telangana - 508 213.

¶13

Smt. Bomma Dhanlakshmi,

¶14

:c: Business, Female,
Sanjay Nagar,
'k
* suyryffiiffit
:: Telan0ana - 508 ,
' r"'""''-'.- .-i:r .: rii... ,
,."- - +.-.. ' .-,'.- ::.
\.-

¶15

(oA. No. 282l2o2sl

¶16

Bomma Aruna, Wo B. Laxmaiah,, Aged about 65 years, Occ : Housewife, Female, H.No. 5-4-143, Plot No. 23, Kamala Nagar, Vanasthalipuram, Hyderabad - 500 070.

¶17

4. Bomma Krishna Chaitanya,

¶18

S/o B. Laxmaiah,,

¶19

Aged about 33 years, Occ : Business, Male, H.No. 5-4-143, Plot No. 23, Kamala Nagar, Vanasthalipu ram, Hyderabad - 500 070.

¶20

Defendants

¶21

Counsel for the parties .

For The Applicant

For the Defendant

Tarangini Pisipati

Exparte

Reserved on 18.11.2025

20.11.2025

25.11.2025

(oA. No. 282l202s)

ORDER

The Applicant Bank^{filed the presentOA against Defendants for} recovery of a total^{sum of Rs.57,63,478/-.(Rupees Fifty Seven} Lakhs Sixty Three Thousand^{Four Hundred and Seventy} Eight Only) i.e a sum^of -

¶32

(i) Rs.47,88,184/-. (Rupees Forty Seven^{Lakhs Eighty Eight} Thousand One Hundred and^{Eighty Four Only) with future} interest @ 13.90%^p.a with^{monthly rests from 13.06.2025 till} the date of realization.

¶33

(ii) Rs.4,30,174l-. (Rupees Four Lakhs^{ThirtyThousandOne} Hundred and Seventy Four^{Only)with future interest} @ 11.25%^p.a with monthly rests^{from 13.06-2025 till the date of} realization.

¶34

(iii) Rs.5,45,120/-. (Rupees Five^{Lakhs Forty Five Thousand} One Hundred and Twenty^{Only) with future interest} @^11.25Yo p.a with monthly rests from 13.06.2025^{till the date of} realization.

¶35

for sale of Hypothecated^{Movablesand Mortgaged} Properties ag tioned in the Schedules^{A to D to OA.} ,^q,.l..t "^{..r.li</sup> L .J '. }.!i}

¶36

(oA. No. 282l202s)

¶37

¶38

As per the averments^{in the application,the ApplicantBank states} that Defendant^{No.1 is a ProprietorshipFirm RepresentedBy its} proprietor Defendant No. 2^{and defendantsNo' 3 and 4 stood as} theguarantors/mortgagors.TheApplicantBankcontendedthat theDefendantsavailedCashCreditfacilityofRs.40'00Lakhs with interest @10.95%^{p.a with monthly rests and Term Loan of} Rs.45.00 Lakhs^{repayablein 79monthlyinstallments of} Rs.50,592/- and^{executedAgreement of Loan cum Hypothecation} dated 07.03.2018^{in favour of the applicant bank' The} Defendants created^{equitable mortgage morefully mentioned in} Schedules B to^{D to the OA and executed Memorandum for} recording creation of^{Mortgageby Deposit of Title Deeds dated} 0T.o3.2olsinfavoroftheApplicantBank.Thedefendantsavailed GECL facility of^{Rs.'11.00Lakhs with interest@7'40o/op'a} repayable in 36^{monthly installments of Rs.30,556/- and executed} Supplemental Agreement^{of loan cum Hypothecation dated} 21.08.2020 in favor^{of the ApplicantBank.The said loan facilities} wererenewedandenhancedfromtimetotimebythedefendants. After availing the^{loan facility,the defendants failed to comply the} terms of sanction,^{hence the applicant bank classified the account} as NPA on^{08.01.2025and issuedRecall noticeon 07'06'2025'} lnspite of^{several requestsand demands,the defendantsdid not}

¶39

4 .6rtw,,

¶40

(OA. No. 28212025)

¶41

Defendants called^{absent and set exparteon 12.11.2025.}

¶42

Sri. Sandeep Paridala, Chief^{Manager of the ApplicantBank} examined himself as AW.1^{and exhibited relevant documents,} which are marked as^{Ex.A.1 to A.31.}

¶43

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

¶44

b. The point that arise for consideration^{is whether the Applicant} bank is entitled for the^{claim made in the OA againstthe} Defendants as^prayed for?

¶45

Defendants remained^{exparte.To substantiatethe case of the} Applicant Bank, AW.1,^{official of the Applicant Bank was} examined and he exhibited^{relevant documentsas Ex.A.1to} A.31. ln view of the^{above,I hold that the Applicant Bankhas} established their claim^{made in the OA against the Defendants} and hence the Applicant^{Bank is entitledto recover the claim} made in the OA^{with future interest and costs.}

¶46

lf, present OA is allowed with costs, as^under: 5 {6trIns'Psu *.:

¶47

(OA. No. 28212025)

¶48

The Defendants No.^{1 to} 4^{are jointly and severallyliable to pay} to the Applicant Bank a^{total sum of Rs.57,63,478/'.(Rupees} Fifty Seven Lakhs Sixty^{Three Thousand Four Hundredand} Seventy Eight OnlY)^{i.e a sum of} -

¶49

(i) Rs.47,88,184/-. (Rupees Forty Seven^{Lakhs Eighty Eight} Thousand One Hundred and^{Eighty Four Only) with future} interest @ 13.9OYo^p.a with^{monthlyrests from 13.06.2025 till} the date of realization.

¶50

(ii) Rs.4,30,174l-. (Rupees Four Lakhs^{ThirtyThousandOne} Hundred and Seventy Four^{Only)with future interest@} 11.25%^p.a with^{monthlyrests from 13-06.2025 till the date of} realization.

¶51

(iii) Rs.5,45,120/-. (RuPees^Five Lakhs Forty Five Thousand One Hundred and TwentY^OnlY) with future interest @^11.25%o p.a with monthlY rests from 13.06.2025 till the date^of realization.

¶52

Bank is entitled to Proceed^{against the} ovables and Mortgaged Properties^mentionedin i!$4i1" o to the OA towards^{realization of the debt} *.^,'i 6

¶53

(oA. No.282l202sl

¶54

The Applicant Bank is^{also entitled to proceed against the person} and properties of defendants^{No. 2 to 3 and properties of} defendant No.1 towards^{realizationof the debt due.}

¶55

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

¶56

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

¶57

13. lssue Recovery Certificate^accordingly.

¶58

¶59

nrRtE'Fo"> sd/-
.' ', (G. GOPICHAND)
'il
Ll,[:2fu PRESIDING OFFICER
M *ll
2 5 l{01, ,#f';,?ffi"irini'
.s /l
-"ew
':" q-'.#"'....1'
f,,'. >-.---'
' .../:..

State Bank of India v. M/S. Bomma Dhanlakshmi Rmc

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Bomma Dhanlakshmi Rmc

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

Kamma Upender versus State Bank of India

Alakuntla Yellaiah versus Smfg India Home Finance Company Limited

G Sreedharan versus Bank of Baroda

Central Bank of India versus Sri. Mohd. Khaleel

Canara Bank versus Sri. Sura Sree Harsha

State Bank of India versus Smt. Jonnada Sravani