State Bank of India v. Kannan
Case brief
What is this about?
The Tribunal allowed the Original Application filed by the State Bank of India for recovery of a home loan amount of Rs. 1.72 Crore with interest, directing the sale of mortgaged properties and personal assets if necessary.
What did the court decide?
Recovery of Rs. 1,72,86,021 with interest at 11.05% p.a., costs, and authorization to sell mortgaged and personal properties.
What the court decided
O.A. No. 363 of 2022
11.12.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 11th day of December, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
ORIGINAL APPLICATION No. 363 of 2022
State Bank of India, R.A.C.P.C. Tambaram Branch, Rep. by its Chief Manager, No. 388, Satheesh Paradise, Velachery Main Road, Salaiyur, Chennai – 600 073. ….Applicant
-Vs-
- Mr. P.M.R. Kannan,
- S/o. Mr. Perumal Muthuraman,
- Plot No. 113, Flat No. S-2,
Issues for consideration
2 issues framed by the court
Whether the Debt Recovery Tribunal should allow the Original Application filed by the State Bank of India for recovery of home loan dues.
Whether the Defendants are liable to repay the principal amount, interest, and costs jointly and severally.
Parties & counsel
- appellant
State Bank of India, R.A.C.P.C. Tambaram Branch
- respondent
Mr. P.M.R. Kannan
- respondent
Mr. K.S. Nirmala
Coram
Case details
As recorded by the court registry
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