The Debts Recovery Tribunal allowed an original application filed by State Bank of India for recovery of a loan of Rs. 24,03,041 with interest. Bank proved establishment of claim through documents; defendant was absent.
Defendant to pay Rs. 24,03,041 with interest at 11.80% p.a. from 22.01.2025, plus costs and recovery certificate.
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 RECOVERY TRIBUNAL.I AT HYDERABAD
DATED THIS THE 23RD DAY OF APRIL' 2025
PRESENT: SRI GUMMADI GOPICHAND,PRESIDING OFFICER
OA.No.44 ot 2025
Between:
State Bank of India, SARB-II Branch, Opp Sandhya theatre,RTC "X" roads, Chikkadpally, Hyderabad - 500 020. Represented by its ChiefManager
Applicant
VERSUS
Sri BhimreddyVenkataRamakrishna Reddy, S/o SatyanarayanaReddY, Male, major, H.No. l-2-3314815, 3'd floor, AS Raju Nagar, Near Bank of Maharashtra, Nizampet, Hyderabad - 500 090.
Also at
MadhapurSandew ProjectsLtd, (Mphasis Software Services Pvt ltd) Building No.12C, Mind SPace, Hyderabad - 500 081.
Defenda nt
Counsel for the Parties:
,r"",,
i. Sri M.V. Janakiram
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For the Defendant.-,.,,1* ,- , ' i ..
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(oA.No.44l202s)
ORDER
(OA.No.441202s)
of receipt&fnider.tfrd 2 3 npn zrzs
(oA.No.aal2025)
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 23,d day of April, 2O2S)
sd/ - (G. GOPTCHAND) PRESIDING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claim made in the OA against the Defendant as prayed for?
1 provisions across 1 enactments
State Bank of India
Sri Bhimreddy Venkata Ramakrishna Reddy
Gummadigopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
