Allowed

State Bank of India v. Smt. Doddi Prashanthamma

DRT25 Jul 2025OA/350/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application filed by the State Bank of India against a defaulting borrower. The defendant attended ex-parte. The tribunal held the defendant liable to pay the claimed loan amount, interest, and costs, and issued a recovery certificate.

What did the court decide?

Defendant directed to pay Rs. 29,41,118/- plus interest; Recovery Certificate issued; Applicant entitled to costs and proceed against properties.

State Bank of India versus Smt. Doddi Prashanthamma — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS IHE 25II' DAY OF ]ULY, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), tvl.A. PRESIDING OFFICER

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ORIGINAL APPLICATTON No: 350 OF 2025

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State Bank of India., Specialized SME Branch T.T.D Road, Nandyal, Kurnool District. Rep. by its Chief Manager.

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.....Applicant.

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Versus

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Smt. Doddi Prashanthamma W/o. Sri D.Prathap, Aged about 57 years Female, Occ: Business, H.No.1-4 Chennampalli Village, SC Colony Owk Mandal, Nandyal District - 5tBL22.

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...DeFendant

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Counsel for the Applicant : M/s.G.prabhakar Sarma

Defendant

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.29,47,718/- towards Term Loan A/c. No.42361935077 from the defendant with future interest @11.90o/o p.a. with monthly rests from the date of application till the date of realization along with costs.

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Summon served on sole defendant and was set ex-parte on t3.06.2025 as called absent and no representation.

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The Applicant Bank examined K.V.Narayana Rcddy, Asst. Manager, as AW-1 and marked 06 documents through him as Ex.A.1 to Ex.A.o6.^fitpqr-rG / -N1 '

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oA.NO.350/202s

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Heard the Ld. Counsel^{for the Applicant Bank' Perused the} material Placed on^record,

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The point that arises^{for consideration is:-}

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Whether the Applicant^{Bank is entitled} for the claim made in the^{OA against} the Defendant?

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6, As stated supra, the^{Defendant remainedex-parte' The} Evidence Affidavit coupled^{with the recitals in the documents} viz., Exs.A.1 to A.06 marked on^{behalf of the ApplicantBank} clinches the claim of the^{Applicant Bank against the Defendant'} Hence, I hold that the Defendant^{is liable to pay the OA claim to} the Applicant Bank with future^{interestand costs.}

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In the result, the^present Original^{Application No.350/2025is} allowed as under:^-

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i) The Defendant is liable to^pay to^the Applicant Bank a sum of Rs.29,41,118/towards Term Loan A/c. No.42361935077 with future interest @11.90o/o^p.a. simple from the date of application till the date of realization;

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ii) the applicant bank is also entitled to^proceed against the person and properties of defendants for realization of its dues;

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iii) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file ?ff\Memo within 2 weeks from the date of receipt of this Ora{!,y'$'t.th

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oA.NO.3s0/202s

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Issue Recovery Certificate a cco rd in g ly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the 25th Day ofJuly, 2025).

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_...^,
(-/ ,//W...''q'fi'u'

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(RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. Smt. Doddi Prashanthamma

Case brief

What is this about?

What did the court decide?

State Bank of India v. Smt. Doddi Prashanthamma

Case brief

What is this about?

What did the court decide?

What the court decided

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