State Bank of India v. Mr. Sriram Saketh
Case brief
What is this about?
OB.No.292 of 2025 in the Debts Recovery Tribunal-I at Hyderabad. The bank sought recovery of an outstanding home loan. The defendant defaulted. The Tribunal examined the bank's evidence and allowed the application.
What did the court decide?
Recovery of Rs. 87,33,630/- with future interest @ 11.50% p.a., costs, and authority to proceed against mortgaged and personal properties.