Allowed

State Bank of India v. Mr. Sreedharan Chakradhar

DRT25 Nov 2025OA/441/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by State Bank of India for recovery of a stalled personal loan. The court held that the bank established its claim and ordered the defendant to pay the outstanding principal, interest, and future interest with a direction to issue a recovery certificate.

What did the court decide?

Defendant to pay Rs.22,72,436/- with future interest; bank entitled to proceed against person/properties; issue Recovery Certificate.

State Bank of India versus Mr. Sreedharan Chakradhar — DRT (2025) — LawSathi Research

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IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 21th DAY OF NOVEMBER, 2025

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PRESENT: SRI GUMMADI cOPICHAND, PRESIDING OFFICER

OA. No. 441OF 2025

Between:

State Bank of lndia,

Stressed Asset Recovery Branch - ll (SARB - ll), H.No.1-8-563/1 , RTC^'X' Roads, Opp. Sandhya Theatre, lstFloor, Chikkadpally, Hyderabad, Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. Sreedharan Chakradhar, S/o S. Sreedharan H.No.2-17-7612113, Road No.^'1 1, Plot No. 47, Hyderabad - 500 039.

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Also At -

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H.No.8/304-4,

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Street Gooty (Rural),
402
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Defendant

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(OA. No. aa1l2025)

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Counsel for the^{parties :}

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For The Applicant Alluri Krishnam Raju For the Defendant Exparte Reserved on 18.11.2025 Pronounced on 21.11.2025 Upload in website on 25.11.2025

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ORDER

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The Applicant Bank filed the^present OA^{against Defendant for} recovery of a total sum of Rs.22,72,436/-.^{(Rupees TwentyTwo} Lakhs Seventy Two Thousand Four^{Hundred and ThirtySix} Only) with future interesl @^{12.05% p.a with monthly rests plus} 2o/o penal interest from 29.08.2025^{till the date of realization.}

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As per the averments in the application,^{the Applicant Bank states} that Defendant availed^{Personal loan limit of Rs.25.00Lakhswith} interest @1205%^p.a with monthly^{rests repayable in 72 monthly} installments and executed Personal^{Loan Agreementin favour of} - the applicant bank. After availing the loan facility, the defendant .-} failedio comply the terms^{of sanction, hence the applicant bank} .^{classified the account as NPA on 01.04.2025 and issuedLegal} 09.08.2025. lnspite of several^requestsand

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(oA. No. 44V2o2sl

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demands, the defendant did not clear the outstanding. Hence this oA.

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Defendant called absent and set exparte on 18.11.2025.

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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.6.

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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 bank is entitled for the claim made in the OA against the Defendant as prayed for?

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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 4.6. 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}

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(OA. No.441l2025)

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

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The Defendant is liable to pay to the Appllcant Bank a total sum of Rs.22,72,436/-. (Rupees Twenty Two Lakhs Seventy Two Thousand Four Hundred and Thirty Six Only) with future interest @ 12.05% p.a from 29.08.2025 till the date of realization.

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

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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 21h day of Nov,2025)

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sd/(G. GOPTCHAND) PRES!DING OFFICER

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State Bank of India v. Mr. Sreedharan Chakradhar

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Sreedharan Chakradhar

Case brief

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What did the court decide?

What the court decided

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