Debt Recovery Tribunal allowed the State Bank of India's original application for recovery of Rs.20,18,288/- plus interest and costs against an absent defendant, holding the evidence sufficient to establish liability.
Recovery of Rs.20,18,288/- with future interest at 12.65010% p.a. and costs; directions to proceed against person and properties.
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IN THE DEBTS RECOVERY TRIBUNAL.IIAT HYDERABAD
DATED THIS THE 13TH DAY OFAUGUST, 2025
PRESENT: SH. RAMESHWAR KOTHE, B.Com.,L.LB. (Hons.), M.A.
PRESIDING OFFICER
Origlnal Application No: 49 OF 2025
State Bank of India., Vanasthalipuram Branch Opposite Police Station Vanasthalipuram. Ranga Reddy. Rep. by its Authorised Officer. .....Applica nt
Versus
Utukuru Narendera Kumar Reddy S/o. Utukuru Nagamuni Reddy Aged about 37 Yeac, Occ: Employee H. No.3- 18- 155, Pragathl Nagar Ramanthapur, Hyderabad - 500012. ...... Defendant
Counsel for the Applicant : Smt. R.Aruna
Defendants : Ex-pa rte
:: :: Q-pf(
OA.No.49l2025
Whether the Applicant Bank is entitted for the claim made in the OA against the Defendant?
OA.No.49l202s
9. Issue Recovery Certificate accordingly.
(RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum of Rs.20,18,288/- and future interest against the defaulting borrower based on the evidence filed?
State Bank of India
Utukuru Narendera Kumar Reddy
Rameshwar Kothe
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
