Allowed

State Bank of India v. Mr. Niranjan Mohammad

DRT28 May 2025OA/49/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal-I at Hyderabad allowed the Applicant Bank's Original Application against the Defendant for recovery of Rs.23,04,542/- along with future interest and costs. The Tribunal held that the bank established its claim and issued a recovery certificate.

What did the court decide?

Applicant Bank allowed to recover Rs.23,04,542/- plus further interest @12.40% p.a. from date of application till realization, including costs and power to proceed against person and properties of def

State Bank of India versus Mr. Niranjan Mohammad — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE 28TH DAY OF MAY' 2025

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.49 ot 2O2S

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Between :

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State Bank of India, Stressed Assets Recovery Branch_II H. No. 1 -B-563 / t, first floor, chikkadpally," " !o9^{Sa,nOfvg theatre,RTC "X,, .;;;:,} Hyderabad, Telangana State. Represented by its Chief Manager

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Applicant

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VERSUS

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M.r. Niranjan Mohammad, s/o Mr. GulamDastager, 19^"191"jt.^{sg_yea rs, occ : emptoyee,} L/o O/o,Chief Engineer (Irrigaiion) .tatasoudha Building, brramanzil, Hyderabad _ 5OO OB2.

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Defendant

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Counsel for the parties:

For the Applicant

For the Defendant

Sri Y. Venkataramana

Exparte

ORDER

The Applicant Bank filg{e present OA against Defendant for recovery or a tog1ffiofu -;';=-.- 3,o4,s42/- (Rupees Twenty Three Lakhin$rr rrSsano"$ Hundred and Forty Two onrv) with Tti":fidrffigp5z'or}^{" and arso penar interest@} 'ii$$*, ^.**{S "'... ,ri1it$

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(oA.No.49l202s)

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270 0n the amount due for the defaurt period from date of apprication tlll the date of realization.

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2' As per the averments in the apprication, the Appricant Bank states that defendant availed personal loan facility of Rs.19,14,000/_ vide letter of arrangement dated L9.07.2022. The defendant agreed to repay the amount with contractual rate of interest @ 11.10% p.a on dairy reducing barance at monthry rests and the roan was repayabre in 72 EMI's of Rs.36,530 /- p.m. The defendant again availed another TL- Express pre approved credit loan of Rs.6,65,000/_ vide letter of arrangement and personal loan agreem efi on 23.L2.2022. After availing the loan facility, the defendant failed to comply the terms of sanction, hence the applicant bank was constrained to classify the account as NpA on 1g.03.2024 and issued legal notice dated 24.L1.2024. Inspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 19.05.2025.

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Sri M. Ravinder, Manager of the Applicant AW.1 and Bank examined herself as t documents, Ex.A.1 toj which are marked as

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Heard cant Bank.

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(oA.No.a9l202s)

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The point that arise for consideration is whether the Applicant Bank is

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entitled for the claim made in the OA against the Defendant as

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prayed for?

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7' Defendant ca'ed absent and set exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited rerevant documents as Ex.A1 to A.12. In view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendant and hence the Appricant Bank is enti'ed to recover the craim made in the oA with future interest and costs.

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B. In the result, the present OA is allowed with costs, as under:

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The Defendant is liable to pay to the Applicant Bank a total sum of Rs.23,O4,542l- (Rupees Twenty Three Lakhs Four Thousand Five Hundred and Forty Two only) with further interest @ I2.40o/o p.a from date of application till the date of realization.

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the Applicant Bank is alt
entiiled to proceed against -- the '' 'v Iperson and
properties of defendant )FoDerriac ^e -r_. towar rr. ,^-,:__.
ds realization of the debt due.
oq<br>10.
entifled to the costs of the OA.
i''tu {T -L<br>iiE iin i; k cu 28urrry5 "'q' (tw :
\s. , ;
N**-,,."--***19
".$i1i:rr{pz

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(oA.No.49/202s)

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11' The Appricant shaI fire a cost memo within two weeks from the date of receipt of order.

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Issue Recovery certificate accordingly.

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13' communicate a copy of the order to the parties concerned.

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!O,:!""0.lg^{the p.A., transcribed by her,} corrected, sioned - ; court on this the 28,6 day ;; May, 2025) lnd pronounced by me in the open

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sd/(G. GOPTCHAND) PRESIDING OFFICER

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COPY

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State Bank of India v. Mr. Niranjan Mohammad

Case brief

What is this about?

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State Bank of India v. Mr. Niranjan Mohammad

Case brief

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