Allowed

State Bank of India v. Sri. Gabbeta Vijay Kumar

DRT25 Nov 2025OA/409/2025

Case brief

AI extract

What is this about?

In an Origin Application for debt recovery, the Debts Recovery Tribunal allowed the bank's claim against a defaulting borrower. The court held that the bank established its case through documentary evidence and ordered payment of the principal sums with future interest at the stipulated rates.

What did the court decide?

Order allowed; Recovery Certificate issued; Defendant liable to pay principal Rs. 22,95,866/- plus future interest at specified rates.

State Bank of India versus Sri. Gabbeta Vijay Kumar — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 20th DAY OF NOVEMBER,2025 PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

¶2

OA. No.409 OF 2025

¶3

Between :

¶4

State Bank of lndia, Stressed Assets Recovery Branch (SARB - ll), 1-8-563/1 , RTC Cross Roads,

¶5

Opp: Sandhya Theatre, 1st Floor, Chikkadpally, Hyderabad - 500 020. Representated by its Chief Manager

¶6

Applicant

¶7

VERSUS

¶8

Sri Gabbeta Vijay Kumar, S/o Balaiah, Aged : 32 Years, Male, 2-6317, Harinadha, Madikonda, Enumamula, Warangal, Warangal - 506 142

¶9

Defendant

¶10

Counsel for the parties :

¶11

C. Prabhakar

¶12

Exparte 17.11.2025 20.11.2025 25.11.2025

¶13

(oA. No. 4091202s)

¶14

ORDER

¶15

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.22,9s,866/-. (Rupees Twenty Two Lakhs Ninety Five Thousand Eight Hundred and sixty six Only) i.e a sum of -

¶16

(i) Rs.l3,39,7431- (Rupees Thirteen Lakhs Thirty Nine Thousand Seven Hundred and Forty Three Only) with future interest @ 11.30% p.a with monthly rests from the date of this application till the date of realization.

¶17

(ii) Rs. 9,56,1231- (Rupees Nine Lakhs Fifty six Thousand one Hundred and rwenty Three only) with future interest @ 11.55% p.a with monthly rests from the date of this application till the date of realization.

¶18

¶19

As per the averments in the application, the Applicant Bank states that defendant availed Personal loan of Rs.15.00 Lakhs with interest @11.30% p.a with monthly rests repayable in 72 equated monthly installments of Rs.28,783/- and executed^personal Loan Agreement dated 04.10.2022 in favour of the applicant bank. The defendant availed Personal loan of Rs.9,88,000/- with interest @11.55% p.a with monthly rests repayableinT2 equated ;":r:]::tlte&.thly^installments of Rs.19,086/- and executed Personat Loan dated 19.10.2023 in favour of the applicant bank. r the loan facility, the defendant failed to comply the ion, hence the applicant bank classified the account

¶20

(oA. No. 409/202s)

¶21

as NPA and issued Legal notice on 21.08.2025. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

¶22

Defendant called absent and set exparte on 17.11.2025.

¶23

Sri. M. Ravinder, Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.8.

¶24

Heard the Ld. Counsel for the Applicant Bank.

¶25

The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendant as prayed for?

¶26

Defendant 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.1 to A.8. ln view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

¶27

ln the result, the present OA is allowed with costs, as under : The Defendant is liable to pay to the Applicant Bank a total sum 95,866/-. (Rupees Twenty Two Lakhs Ninety Five ight Hundred and Sixty Six Only) i.e a sum of - .)ffi * ?

¶28

(oA. No. a09l202s)

¶29

(i) Rs.13,39,743l- (Rupees Thirteen Lakhs Thirty Nine Thousand Seven Hundred and Forty Three Only) with future interest @ 11.30Yo p.a with monthly rests from the date of this application till the date of realization.

¶30

(ii) Rs. 9,56,123/- (Rupees Nine Lakhs Fifty Six Thousand One Hundred and Twenty Three Only) with future interest @ 11.55% p.a with monthly rests from the date of this application till the date of realization.

¶31

The Applicant Bank is entifled to proceed against the person and properties of defendant towards realization of the debt due.

¶32

That Applicant Bank is entitled to the costs of the OA.

¶33

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

¶34

lssue Recovery Certificate accordingly.

¶35

13.

¶36

(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on
cCIP
^TRUB
t"), l:: (G. coPtcHAND)
DE'T-I' T' YCiinasen' PRESIDING OFFICER

¶37

State Bank of India v. Sri. Gabbeta Vijay Kumar

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri. Gabbeta Vijay Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Kamma Upender versus State Bank of India

Alakuntla Yellaiah versus Smfg India Home Finance Company Limited

G Sreedharan versus Bank of Baroda

Central Bank of India versus Sri. Mohd. Khaleel

Canara Bank versus Sri. Sura Sree Harsha

State Bank of India versus Smt. Jonnada Sravani