The Tribunal allowed the Debt Recovery Tribunal application filed by the bank for recovery of a term loan amount from the defaulting borrower via sale of hypothecated vehicle and other properties.
Defendant to pay Rs. 55,77,181 with interest; bank entitled to proceed against hypothecated vehicle, defendant, and properties.
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-II AT HYDERABAD DATED THIS THE 25th DAY OF ]ULY, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATION No: 343 OF Z0Z5
State Bank of India., Specialized SME Branch T.T.D Road, Nandyal, Kurnool District, Rep. by its Chief Manager.
.....Applica nt.
Versus
Smt. Gundampati Tulasamma W/o.Sri Bala Obanna, Aged about 61 Years Female, Occ: Business, H.No.1-598 BC Colony, Banaganapalle Mandal Banaganapalle - 518124, Nandyal District.
... Defendant
Counsel for the Applicant
: M/s.G. Prabhakar Sarma
Defendant
:Ex-parte
:: ORDER::
oA.NO.343/2025
2
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and OA hYPothecated vehicle?
oA.NO.343/202s
schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;
iv) the applicant bank is entitled for the costs.
oy** (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant hypothecated vehicle?
State Bank of India
Gundampati Tulasamma
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
