Allowed

State Bank of India v. Smt. Muntimadugu Savitri

DRT20 Nov 2025OA/371/2025

Case brief

AI extract

What is this about?

Debt Recovery Tribunal allowed an original application filed by State Bank of India for recovery of a home loan amount of Rs. 24,08,553.83 along with interest from the defendant couple who remained in absentia.

What did the court decide?

Defendants directed to jointly and severally pay Rs. 24,08,553.83 with future interest @ 9.30% p.a. Bank entitled to proceed against mortgaged property and defendants' properties. Recovery certificate

State Bank of India versus Smt. Muntimadugu Savitri — Consumer Protection | DRT (2025)

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]N THE DEBTS RECOVERY DATED THIS THE 2OTH JH:ffi#ITT^*,

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PRESENT: SH. RAMESHWAR KO_

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o*.rror^lnouio.r...ffl^{., L. LB.(Hons.} ),^M.A.

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ORIGINAL APPLICATION No: 371 OF 2025

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State Bank of India. _ SARB Branch, VUayawada Kflshna District. Rep. by its Chief Manager.

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.....Applica nt.

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Versus

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Smt. Muntimadugu Savitri w/o. sri. Narayanaswamv Ag^ed 44^years, Occ: Houiewife :-i:e-81-?t9t^{No.6, Gannaevaripatri} !9,9.ny,^{:.Ward, Opp Tatukapotice} :ralon Line, Behind sai Lakshmi Homes Tadipatri Ananthapur District _ 515411.

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Muntimadugu Naqesh S/o. Sri. Narayanaswamv Aged 29^years, Occ: private Job 3-959-8,^plot No.6, Gannaevaripalli Lotony, 3rd Ward, Opp Taluka police Station Line, Behind sai Lakshmi Homes Tadipatri Ananthapur District _ 515411.

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...Defendants

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Counsel for the Applicant Mr. A. M. Kiran Kumar Defendants

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Ex-pa rte

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:: oRDER ::

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The Applicant Bank filed the present OA for the recovery a total sum of Rs.24,08,553.83ps as on 08.04.2025 towards Home Loan Limit from the defendants jointly ioinuv and severe v wirh seuerclly with futurer,,r,,ra

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oA.NO.371/2025

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interest^{@9.300/0 p awith monthly rests from the date} of till the^{date of realization along with costs and} in "rrta",t* default^{for saleof OA scheduleproperty'}

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WsnotfiledbyDland2hence,rightwasforfeitedandwasset 06 10^{2025 as called absentand no representation'}

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";-0";" ". The Applicant^{Bank examinedY'Mukteswar Rao' Legal Manager'} as AW-1^{and marked08 documents through him as Ex A l to} Ex. A.08.

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Heard the^{Ld. Counselfor the ApplicantBank Perused the} material Placed^{on record'}

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The^{point that arises for considerationis:-}

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Whether^{the Applicant Bank is entitled} for the claim^{madein the OA against} the Defendants^{and OA schedule}

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ProPertY?

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6, As stated supra,^{the Defendants remained ex-parte The} Evidence^{Affidavitcoupledwith the recitalsin the documents} viz., Exs. A.1^{to A.08 markedon behalf of the Applicant Bank} clinches^{the claim of the Applicant Bank against the Defendants'} Hence, I^{hold that the Defendants are jointlyand severally liable} to^pay the^{OA claim to the Applicant Bank with future interest} and costs.

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In the result, the^{present Original Application No 37112025 is} allowed as^{under: -}

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i) The Defendants are^{jointly and severally} liable to^pay to the^{Applicant Bank a sum of} O>..Y

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oA.NO.3711202s

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Rs.24,0g,S53.83ps towards Home Loan Limit; with future interest @g.2olo p.a. simple from the date of application till the date of realization;

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i,) the OA claim is secured by way of mortgage of property described in the schedule annexed to the OA and the applicant bank is entiHed to proceed against the same to realise its debt;

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iii) the appricant bank is also entired to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entiUed for the costs.

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8' The Appricant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and p-norn."O by me in the open court on this the 20th Day of November, 2025j.

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frw"* (RAD4ESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. Smt. Muntimadugu Savitri

Case brief

What is this about?

What did the court decide?

State Bank of India v. Smt. Muntimadugu Savitri

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

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