Allowed

State Bank of India v. Sri. Kanneboina Venkanna

DRT16 May 2025OA/361/2024

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the applicant bank's Original Application for recovery of a principal debt of Rs.27,66,582 plus interest. The court ruled the bank is entitled to future interest, costs, and issuance of a recovery certificate.

What did the court decide?

Recovery certificate issued; applicant granted costs to file memo; respondent liable to proceed against properties for realization.

State Bank of India versus Sri. Kanneboina Venkanna — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERYTRIBUNAL.I^{AT HYDERABAD}

¶2

DATED THIS THE 16TH^{DAY OF MAY 2025}

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PRESENT: SRI GUMMADI^{GOPICHAND,PRESIDING OFFICER}

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OA.No.361 ot 2024

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Between :

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State Bank of India, R.P. Road branch, Near clock Tower, Hyderabad road, Nalgonda, Telangana state. Represented by its Chief Manager

¶7

Applicant

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VERSUS

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Sri KanneboinaVenkanna, S/o Bichalu @ Bikshmaiah,

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Aged about 38 years, occ: agriculture, R/o H.No.6-42, Koppole^(V), Gurrampode^(M), Nalgonda dist.

¶11

Defendant

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Counsel for the Parties:

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For the Applicant

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For the Defendant

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Sri A.V.S. Rama Krishna Exparte

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ORDER

¶17

The Applicant Bank filed the^present OA against Defendant^for recoveiry of a Rs.27,66,582/- (Rupees Twenty Seven La Five Hundred and Eighty Two only) w *urrent and future i @^15olop.a with half^yearly u^{16 ilAyrrt2(} rests fro Ste.^{or filins of oAj} I the date of realization and in

¶18

@*'%
; yu( tvtir g ! i
'>iueg lueolddv preeH 's

¶19

'zI'v 01 I'V'xl

¶20

se palJeur aJe []3ltlM 'sluaulncop luenalal^{pallq!ilxapue I'MV} se Jlasu.tlL{^{paululexe>1ue6} 1uecl1ddv^eql Jo^{.ra6eue6'e1dn9')'U US 'b}

¶21

'SZOZ'EO'OZ uo apedxe les^pue luasqe^pallel luepuajao^'€

¶22

'vo slql aluaH

¶23

'6ulpuelslno aql teel3 lou plp luepueJap eq1 'spueulap^{pue slsanba't} lera^as Jo^{alldsul'ZzOz'lO'lE pelep alllou 1e6a1penssl pue} VdN^se lunof,f,e^{aq1 l(J;sselo ol pauleJlsuolseM lueq lueclldde aql} acuaq 'uot1f,ues Jo^{sLulal aq1 Aldtloc01 pal!eJluepueJapaql 'I1!l!oeJ} ueol aqt 6u111ene lagy '1ueq 1uec1;ddy 1o lnonel u! speap ellll ar.{l^{pallsodap pue Auado.rd pauolluautalnpaqls Jo abe6uouupaleeJf,} luepueJap^{aLll'ZIOZ'1O'ZZ uo -/000'0S'E'sUJo ueol f,S) pue} sqlel O0'/'sU Jo^{ueol ulral pal!e^e} 1sun11nrtl6e^{ue sl luepualep leq]} salels >lueg luecllddv^aq1 'uot1ec1;dde^{aql u! sluaura^eaq1 lad sy'Z}

¶24

'Iuado.td

¶25

alnpal]f,s atll ut^{pauolluaul se A1.lado-rd pabe6pouu Jo eles loJ llneJep}

¶26

(rzoz Jo r9€'vo)

¶27

-{m,.,.. K;:**"'\U iE anp tqap f.l '' - aLll Jo uollellelal sprPMol vo o1 aln se lladord o1 pa6e6lotu aql lsu!e6e paaco.td pel].ua sl >lueq lueclldde aqI^'6

¶28

'uorJezrlea.]

¶29

Jo^{alep erll} llll^yg 1o^6u;111 Jo^{alep u-tol; e'd o/oSI @ lsaralutarnlnJ} pue luarrnf qlrrrir (A1uo orvrl Alq6lf pue perpunH a^!J puesnor{l xls AUIS sqle'l ueles Aluarvrl saadng) -/?89'99'LZ'sA Jo^urns lelot^{e >lueg} luecllddv^{allt o1 led o1 alqell s! luepuaJaoeql} :Japun se 's1soo qltart^peMolle st VO lueseJd aql 'llnsal aql uI^'B

¶30

'slsof pue lsaralul aJnlnJ

¶31

qllM VO aql ur apeut uJlell eLll ta^of,ar ol pallllua st IueE 1uec1lddy aql aluaq^pue luepuaJao aql lsule6e VO aLll ul^{apeLuLtitell llaLll} paqsllqelsa seq >lueg luecllddv eLll leLll ploq 1 'anoqe aLll Jo Mal^ uI^'zI'v o1 IV'xf se sluau.lnf,op lue^alal^{pallq!qxa aq pue peulr!exa} seM )ueg luecllddv aql Jo letrglo '1'11y '1ueg lueotlddy^aq1 1o asel eql alerluelsqns oI^'euedxa las^pue luasqe^pallel luepuaJac^'L

¶32

2:o1^peAetd

¶33

se luepueJeo aql lsutebe VO eLll ul epeur rutell aql^{roJ palgua} sl )ueg 1uec11ddy eql raqleqM sl uollereptsuos^{loJ eslJe} leql lulod aql^'9

(uzoz lo rse'vo)

(oA.361 of 2024)

the Applicant Bank is also^{entitled to proceedagainst the personand}

¶38

properties of defendant towards realization of the debt^due'

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The Applicant Bank is entitled^{to the costs of the OA'}

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

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Issue Recovery certificate^accordingly.

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Communicate a copy of^{the order to the parties concerned,}

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(Dictated to the P.A., transcribed by her, corrected.^{signed and pronounced by me in the open} court on this the 16th day of^May'2025)

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sd/',i#:)!;;^i{^, (G. GOPTCHAND) PRESIDING OFFICER

¶45

1 6 ilAr 2025

State Bank of India v. Sri. Kanneboina Venkanna

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri. Kanneboina Venkanna

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

All orders in this case

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