Allowed

State Bank of India v. Mr. Ponnada Ravi Kiran

DRT3 Oct 2025OA/306/2025

Case brief

AI extract

What is this about?

The Applicant Bank filed an OA for recovery of Rs. 27,73,365/ along with interest arising from a defaulted personal loan. The Tribunal allowed the OA in default, holding that the bank established its claim through documentary evidence.

What did the court decide?

The OA is allowed; the Defendant is liable to pay Rs. 27,73,365/ with future interest at 11.90% p.a. from the date of filing till realization.

State Bank of India versus Mr. Ponnada Ravi Kiran — Contract and Commercial Disputes | DRT (2025)

¶1

IN THE DEBTS RECOVERYTRIBUNAL.I AT HYDERABAD

¶2

DATED THIS THE 3RD DAy OF OCTOBE& 2025

¶3

PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

¶4

OA.No.306 OF 2025

¶5

Between:

¶6

State Bank of India, Stressed Assets Recovery Branch-2, RTC Cross road, Chikkadpalli, Hyderabad, TS - 500 020, Represented by its Chief Manager

¶7

Applicant

¶8

VERSUS

¶9

Mr. Ponnada Ravi Kiran, S/o P. Bhyrava Murthy, Aged major, occ: employee, ID.979104, male, Rlo L2-234/G6, Viswa Sai Towers, Lane-6, PNT colony, Medipally, Hyderabad, TS - 500 039.

¶10

o/o Bajaj Finance Limited, 6-3-891 & 892, 4th floor, The Belvedere, Rajbhavan road, Near Somajiguda circle, Hyderabad - 500 082.

Defendant

Counsel

For the

For the

Sri Ajgal Ravi Babu Exparte

0 3 0cT 2t[5

(oA.No.306/202s)

ORDER

1' The Applicant Bank fired the present oA against Defendant for recovery of a total sum of Rs.27,73,365/_ (Rupees Twenty Seven Lakhs Seventy Three Thousand Three Hundred and Sixty Five only) with current and future interest @ 11.90% p.a with monthly rests from date of filing of OA till the date of realization.

¶20

As per the averments in the application, the Applicant Bank states that defendant availed personal loan of Rs.25.00 lakhs and executed personal loan agreement on 0L.02.2024. After availing the loan facirity, the defendant faired to compry the terms of sanction, hence the appricant bank crassified the account as NpA on 30.10.2024 and issued regar notice dated Lg'06.2025. Inspite of severar requests and demands, the defendants did not crear the outstanding. Hence this oA.

¶21

Defendant called absent and set exparte on 10.09.2025.

¶22

Mrs. M. sarala, chief Manager of the Applicant Bank examined herserf as AW'1 and exhibited rerevant documents, which are marked as Ex.A.1 to A.7.

¶23

Heard
lica nt Bank.
/l*
* 030cI zffi :
I),.i
,ti}+

¶24

(oA.No.306/202s)

¶25

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?

¶26

Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.AI to A.7. In view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Applicant Bank is enti'ed to recover the craim made in the oA with future interest and costs.

¶27

B. In the result, the present OA is allowed with costs, as under:

¶28

The Defendant is liable to pay to the Applicant Bank a total sum of Rs.27,73,365/- (Rupees Twenty Seven Lakhs Seventy Three Thousand Three Hundred and Sixty Five only) with current and future interest @ 11.90% p.a from date of filing of OA till the date of realization.

¶29

9' The Appricant Bank is arso entired to proceed against the person and properties of defendant towards realization of the debt due.

¶30

10.
titled to the costs of the OA.
r*
*
rt1
.'il
a;

¶31

(oA.No.306/202s)

¶32

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

¶33

Issue Recovery certificate accordingly.

¶34

Communicate a copy of the order to the parties concerned.

¶35

(Dictated to the p.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 3d day of Oct, 2025)

¶36

sdl-

¶37

(G. GOPICHAND) PRESIDING OFFICER

¶38

State Bank of India v. Mr. Ponnada Ravi Kiran

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Ponnada Ravi Kiran

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

B Kalavathi and Others versus Canara Bank

State Bank of India versus M/S. Lakshmi Takshay Enterprises

Baliram Tungar versus LIC Housing Finance Ltd.

State Bank of India versus Mr. Kathoth Kunya

State Bank of India versus Mr. Peddi Pavani

State Bank of India versus Mr. Peddi Ravi