Debts Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of outstanding loan amounts under two accounts with future interest and costs against the Defendant.
Recovery of Rs.22,45,970 with future interest and issuance of recovery certificate.
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IN THE DEBTS RECOVERY TRIBUNAL-IAT HYDERABAD
DATED THIS THE 7TH DAY OFMAY' 2025
PRESENTI SRI GUMMADI GOPICHAND,PRESIDING OFFICER OA.No.465 oJ 2024
Between:
State Bank of India, Stressed Assets RecoveryBranch, 2nd floor, TSRTC Commuter Amenity Centre, Bus terminal complex,Koti, Hyderabad, Telangana State - 95. Represented by its Chief Manager
Appllcant
VERSUS
Sri MaddeboinaTarakaramaRao, RTC colony, 1't lane, H.No.5-53, Jalagamnagar, Khammam, TS - 507 002.
Also at
O/o Dy. Executive Engineer, MRC & QC, sub division, Kothagudem, Khammam - 507 101.
Defendant
Counsel for thePa rties:
For the Applicant Sri C. Sreedhar For the Defendant Expa rte
ORDER 1. present OA against Defendant for L/.rteUnn, ff 22,45,97O/(Rupees Twenty Two fo-*r,#
(oA. No.46sl2024)
Lakhs Forty Five Thousand Nine Hundred and Seventy only)
i.e., a sum of Rs.15,09,752l- under loan account no.41175020443 with further interest @ 13.600/op.a with monthly rests from date of filing of OA till the date of realization and a sum of Rs.7,36,218/under loan A/c. No.41465861965 with further interest @ 13.65olo P.a with monthly rests from date of filing of OA till the date of realisation.
i, ,. /t
(OA. No.46sl2024)
The Defendant is liable to pay to the Applicant Bank a total sum of Rs.22,45,97O/(Rupees Twenty Two Lakhs Forty Five Thousand Ni Seventy only) i.e., a sum of d Rs.L5,09,7#/dPunder no,47175020443 with further * &, Ho 7 trliv ?tr6 * 6... 3\ Bdl"S. --.i .S1<sup>..f"\sy
(oA.No.a6sl202a)
interest @ 13.600lo p.a from date of flling of OA till the date of realization and a sum of Rs.7,36,218/- under loan A/c. No.41465861965 with further interest @ 13.650lo p.afrom date of filing of OA till the date of realisation.
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open court on this the 7th day of May'2025)
sd/(G. GOPTCHAND) PRESIDING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the Original Application against the Defendant as prayed for?
State Bank of India, Stressed Assets Recovery Branch
Sri Maddeboina Tarakarama Rao
Gummadigopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
