Allowed

State Bank of India v. Mr. Korlapati Kesava Rao

DRT5 Dec 2025OA/397/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an Original Application filed by State Bank of India for recovery of a personal loan along with future interest and costs against the respondent, who was defaulted. The bank established its case through an executive witness and documentary evidence.

What did the court decide?

Recovery certificate issued; Respondent to pay Rs. 29,51,927/- principal plus future interest at 14.55% and 15.05% p.a.

State Bank of India versus Mr. Korlapati Kesava Rao — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY^TRIBUNAL -^{IAT HYDERABAD} DATED THIS THE sth^{DAY OF DEGEMBER' 2025} PRESENT: SRI GUMMADI^{GOPIGHAND, PRESIDING OFFICER} OA. No. 397 OF 2025

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Between^:

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State Bank of lndia, Stressed Asset Recovery Branch, 2nd Floor, TSRTC Commuter Amenity^Centre, Bus Terminal Complex, Koti, Hyderabad - 500 095 Represented by its Chief Manager Applicant VERSUS 1. Mr. Korlapati Kesava Rao, S/o. Chiranjeevi, H.no. 8-2-267, UPH Colony, Khanapuram Haveli, Khammam, Khammam, Telangana - 507 002 2. The Divisional Engineer, TSNPDCL, Sathupalli, Sathupalli, Khammam District, (Regarding Mr. Korlapati Kesava Rao Designation - Line lnspector) (Formal Party/ Proforma Defendants tr--ffi ;^osoec&i {

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Applicant

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(oA. No.367/2024t,

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Counsel for the parties :

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For The Applicant C. Sreedhar For the Defendant Exparte Reserved on 04.12.2025 Pronounced on 05.12.2025 Upload in website on 06.12.2025

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ORDER

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The Applicant Bank filed the present OA against Defendant No. 1 for recovery of a total sum of Rs.29,51 ,9271- (Rupees Twenty Nine Lakhs Fafty One Thousand Nine Hundred and Twenty Seven Only) i.e a sum of -

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(i) Rs.l9,08,4451-. (Rupees Nineteen Lakhs Eight Thousand Four Hundred and Forty Five Only) with future interest @ 14.55% p.a with monthly rests from the date of filing of this OA till the date of realization.

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(ii) Rs.l0,43,4821-. (Rupees Ten Lakhs Forty Three Thousand Four Hundred and Eighty Two Only) with future 15.05o/o p.a with monthly rests from the date of filing date of realization. 2

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(OA. No. 36712024)

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As per the averments in the application, the Applicant Bank states that Defendant No.1 availed Personal Loan of Rs.19,14,9001 repayable in 72 monthly installments of Rs.37,9871 with interest @^{14.55o/op.a with monthly restsand executed PersonalLoan} Agreement dated 08.08.2023 in favor of the Applicant Bank. The Defendant No.1 availed Personal Loan of Rs.10.00 Lakhs repayable in 72 monthly installments of Rs.20,101/- with interest @^{15.05Yop.a with monthly restsand executed PersonalLoan} Agreement dated 03.11.2023 in favor of the Applicant Bank. After availing the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on 07.12.2024 and issued Legal notice on 01 .09.2025. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendants called absent and set exparte on 25.11.2025.

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Sri. Ajit Singh Yadav, Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.13.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant the claim made in the OA against the for?

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(oA. No. 36712024)

Defendants remained exparte. To substantiate the case of^the Applicant Bank, AW.1, official of the Applicant Bank^was examined and he exhibited relevant documents as^Ex.A.1to A.13. ln view of the above, I hold that the^{Applicant Bankhas} established their claim made in the OA against the^Defendants and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

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ln the result, the^present OA is allowed with costs, as under^:

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The Defendant No. 1 is liable to^pay to the Applicant Bank a totalsum of Rs.29,51,927/-^(Rupees Twenty Nine Lakhs Fifty One Thousand Nine Hundred and Twenty Seven Only) i.e a sum of -

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(i) Rs.19,08,445/-. (Rupees Nineteen Lakhs Eight Thousand Four Hundred and Forty Five Only) with future interest @ 14.55o/o p.a from the date of filing of this OA till the date of realization.

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(ii) Rs.10,43,482l-. (Rupees Ten Lakhs Forty Three Thousand Four Hundred and Eighty Two Only) with future interest @ 15.05Yo p.a from the date of filing of this OA till the date of realization.

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entitled to proceed against the person and lP oro&?ies of No. 1 towards realization of the debt due. -t 4 [5OECM

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(oA. No. 36712024).

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That 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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lssue 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 5h day of Dec, 2025)

sd/(G. GOPTCHAND)

PRESIDING OFFIGER

rAqE\co9Y ^#*tr"rnJtlffo''

State Bank of India v. Mr. Korlapati Kesava Rao

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Korlapati Kesava Rao

Case brief

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What did the court decide?

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