The Debts Recovery Tribunal allowed the State Bank of India's application for recovery of Rs. 79.17 lakhs plus future interest. The defendants were non-present, and the Tribunal granted charge over mortgaged property.
Payment of Rs. 79.17,421/- plus 9% p.a. future interest; enforcement against mortgaged property; issue of 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.
Presented on: 17.02.2024 Registered on: 18.06.2024 Decided on: 09.12.2025 Duration: Y M D 01 09 22
IN THE DEBTS RECOVERY TRIBUNAL AT AURANGABAD (Before Dr. J. R. Chauhan Presiding Officer) ORIGINAL APPLICATION No. 462/2024
TOTAL CLAIM AMOUNT – Rs. 79,17,421/-
State Bank of India (SARB),
is a body corporate constituted under the State Bank of India (SARB), Act, 1955, having a SME Branch, at Aurangabad, through its CCO Mrs. Kavita Vasudeo Khalse, Age: 36 yrs., Occ.: Service, SARB, Aurangabad, R/o. Aurangabad.
… Applicant
Versus
1. M/s. KALLSHETI HIGH WAY SERVICE, Through its proprietor and others Mr. Balaji Basvanappa Kalshetti Age: Major, Occ. Business, R/o. Gut No. 151, NH-65 Solapur-Hyderabad Highway At Post-Yenegur, Tq. Omerga, Dist. Osmanabad, Pin-413604.
And
Hanuman Chowk, Yenegur, Dist. Osmanbad.
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[AMBADAS]
2. Mrs. Lalita Balaji Kalshetti
Age: Major, Occ. Business, R/o. Gut No. 151, NH-65 Solapur-Hyderabad Highway At Post-Yenegur, Tq. Omerga, Dist. Osmanabad, Pin-413604.
3. Mr. Rajkumar Basvanappa Kalshetti
Age: Major, Occ. Business, R/o. At Post-Yenegur, Tq. Omerga, Dist. Osmanabad, Pin-413604.
…Defendants
APPEARANCES
Mr. A. L. Muley -Advocate Ex-parte
For the Applicant For Defendants
JUDGMENT
Delivered on 09.12.2025
Brief facts of the application are as under:
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[AMBADAS]
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[AMBADAS]
All that piece & parcel of Nagar Panchayat Milkat No. 145 adm., area 1014 Sq. Ft., Hanuman Chowk, At Post Yenegur, Tq. Omerga Dist. Osmanbad, which is bounded as under: East: Basavanappa Kalshetti, West: Rajkumar Kalshetti,
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[AMBADAS]
South: Gram Panchayat Road, North: Gunwant Hipperge.
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[AMBADAS]
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ORDER
Twenty One only), along with future interest @ 9% per
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annum (simple) from the date of filing of the Original Application i.e. 17.02.2024 till full payment/realization
of the amount mentioned in this operative order.
(C) The aforesaid adjudicated amount is secured by the mortgaged of the following immovable properties vide documents at Annexure. A-23 to A-25 in list of documents Exh. 5.
All that piece & parcel of Nagar Panchayat Milkat No. 145 adm., area 1014 Sq. Ft., Hanuman Chowk, At Post Yenegur, Tq. Omerga Dist. Osmanbad, which is bounded as under: East: Basavanappa Kalshetti, West: Rajkumar Kalshetti, South: Gram Panchayat Road, North: Gunwant Hipperge.
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(F) The Registrar is directed to send the copy of the Judgment and Recovery Certificate to the applicant and defendants.
(G) File be consigned to the record room.
Sd/-
Pronounced in open court. Place: Aurangabad Date:.09.12.2025
(Dr. J. R. Chauhan) Presiding Officer Debts Recovery Tribunal, Aurangabad
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2 issues framed by the court
Whether the applicant bank is entitled to recovery of the outstanding loan amount of Rs. 79,17,421 along with future interest.
Whether the mortgaged immovable property stands enforced to secure the dues.
State Bank of India (SARB)
B. B. Kalshetti
Lalita Balaji Kalshetti
Rajkumar Basvanappa Kalshetti
J. R. Chauhan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
