The court allowed the Originating Application filed by State Bank of India for recovery of Rs. 39,76,392 with interest. The bank established its claim via documentary evidence in the absence of defendants. A recovery certificate is to be issued.
Debts Recovery Tribunal allowed the Originating Application for recovery of Rs. 39,76,392 with interest and costs.
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 RECOVERYTRIBUNAL-I AT HYDERABAD DATED THrS THE 26rH DAy OF MARCH, 2025
PRESENT: SRI GUMMADI GoPIcHAND, PRESIDING oFFICER OA.No.383 ot 2024
Between:
State Bank of India, Stressed Assets Recovery Branch, 2nd floor, TSRTC Bus Terminal complex, (commuter Amenity centre), Koti, Hyderabad, TS. Represented by its Chief Manager
Applica nt
VERSUS
(oA. No.383/2024)
Counsel for theparties:
For the Applicant For the Defendants
Sri P. V. Satyanarayana Expa rte
ORDER
1' The Applicant Bank fired the present oA against Defendants for recovery of a total sum of Rs.39,76,392l_ (Rupees Thirty Eight Lakhs Seventy Six Thousand Three Hundred and Ninety Two only) with interest @ 10.55% p.a with monthly rests from date of application till the date of realization and in default for sale of hypothecated movables as described in the scheduleto OA.
(OA. No,3S3/2024)
AW.1 and exhibited relevant documents, which are marked as
Ex.A.1 to A.8.
entitled for the claim made in the OA against the Defendants as
prayed for?
(oA. No.383/2024)
Two only) with interest @ 10.55o/o p.a rests from date of applicationtill the date of realization.
debt due.
and properties of clefendant No.2& 3 and properties of defendant
no,1 firm towards rea lization of the debt due.
of receipt of order.
thjs the 26t',day of March, 2025)
sd/(G. GOPTCHAND) PRESIDING OFFICER
2 6 t.lAB 2[25
tr"f4'2k ,#*-fs'#Y",
4
1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made in the OA against the Defendants?
State Bank of India
V.S.R. Steel Traders
Mr. Dumpala Praveen
Smt Dumpala Soujanya
Sri Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
