The Debts Recovery Tribunal allowed an Original Application filed by State Bank of India against a defendant for recovery of dues totaling Rs. 51,77,140/- from multiple loan accounts and ordered the issuance of a Recovery Certificate.
The defendant is liable to pay Rs. 51,77,140/- with future interest per specified loan accounts. Recovery certificate issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE 21ST DAY OF MARCH' 2025
PRESENT: sRI GUMMADI GOPICHAND, PRESIDING OFFICER
OA.No.32 ot 2O2S
Between:
State Bank of India, S_tressed Asset Recovery Branch (sARB-rr), 1-B_s63l1, RTC Cross roads, opp Sandhya theatre, 1'' floor, Chikkadpally, Hyderaba6_ 20. Represented by its Chief Manager
Applicant
VERSUS
Md. Oli Pasha, S/o Masood, H.No.5-38 Deva ra m pa tiy, eosi vi"oiapat ty, Kataram mandal, Karimnagar dist- 505 503.
Defendant
Counsel for the parties: For the Applicant For the Defendant
Sri C. Prabhakar Ex pa rte
ORDER
lakhs Seventy
i.e.,
One hundred and Forty only)
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(oA.No.32l202s)
and in default for sale of mortgaged property as described in the schedule to OA.
availed personal 0,000/- vide arrangement letter dated 26.08. {3i'$?B:.r .10.00 takhs on 77.03.2023. After availin tfie loan faciliriar endant failed to comply the terms of sa fl"ri'sm:fti :e the,*@-S, nt bank was constrained to sffi
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(oA.No.32l202s)
classify the account as NpA and issued legal notice on 03.01.2025. Inspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.
entitled for the claim made in the OA against the Defendant as
prayed for?
B. In the result, t OA is costs, as u nder: 11 llff2$6 -r A;/
(oA.No.32l202s)
The Defendant is riabre to pay to the Appricant Bank a totar sum of Rs.5l,77,L4O/- (Rupees Fifty One lakhs Seventy Seven thousand One hundred and Forty only) i.e.,
(oA.No.32l202s)
of receipt of order.
(Dictated to the P'A', transcribed by her, corrected, signed and pronounced by me In the open court on this the 21.t day of March, 2O2S)
sd/ - (G. GOPTCHAND)
PRESIDING OFFICER
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1 issue framed by the court
Whether the bank is entitled for the claim made in the OA against the defendant?
1 provisions across 1 enactments
State Bank of India
Gummadigopichand
As recorded by the court registry
2 orders share this CNR
Judgements on the same questions, provisions and authorities, from every court
