Allowed

State Bank of India v. Mr. Nagula Sivannarayana

DRT1 Aug 2025OA/51/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Hyderabad, disposed of an Originalling Application filed by State Bank of India for recovery of a personal loan amount of Rs 23,69,792 with interest. As the defendant appeared absent, the Tribunal relied on documentary evidence produced by the bank to confirm the default and debt amount.

What did the court decide?

Payment of principal of Rs.23,69,792, interest, and costs; issue of Recovery Certificate.

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

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THrS THE 1sr DAy OF AUGUST, 2025

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PRESENT: SRI GUMMADI GoPICHAND, PRESIDING OFFICER

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OA.No.51 OF ZO2S

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Between:

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State Bank of India, (SARB-2), 1-B-563/1, 1st ftoor, Opp Sandhya Theatre, RTC X roads, Chikkadpally, Hyderabad, TS Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. NagulaSivannarayana, Aged major, D.No.8-777, GowdPalem, Cherukupelle, Arumbaka, Guntur, Andhra Pradesh - 522 309. Employee ID No.120018

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Also at:

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Mr. NagulaSivannarayana, Aged major, Employee ID No.120018, Aurobindo pharma Limited, Unit VIII, Sy.No.10 & 13, Gaddapotharam, IDA Kazipalli, Jinnaram, MDL, Sangareddy, Medak, TS - 502 319.

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Also at:

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Corporate office: galaxy, Floors 22-24, plot no.1, survey No.B3l1, Hyderabad, Knowledge City, Raidurgpanmakha, Hyderabad - 500 032.

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#q
,fu d{$
; o1AUc?o?s ;

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(OA,s1 of 202s)

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Also at:

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Regd office: Plot no.2, Maitrivihar, Ameerpet, Hyderabad - 500 038.

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Residential address:

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H. No.5-5-7l32lD, Maithrinagar, Kukatpally, Hyderabad - 500 072. Defenda nts

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Counsel for the Parties:

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For the Applicant Sri C. Sreedhar For the Defendants Exparte

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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.23,69,792l- (Rupees Twenty Three Lakhs Sixty Nine Thousand Seven Hundred and Ninety Two only) with further interest @ 13.80o/o p.a with monthly rests from date of filing of OA 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 of Rs.23,95,100/- under the scheme of Xpress credit on 20.09.2023 and agreed to repay the loan amount in 72 EMIr @ _Rs.46,576l-p.m. The defendant executed loa n/ ty doeume'frt6;,j5,,.(.loan facilities. After availing the toan Facility ply the terms of sanction, hence the darlr<AldGdSffieo nt as NPA on 18.11.2024 and

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(OA.s1 of 2025)

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legal notice was issued on 09.01.2025. Inspite of severar requests and demands, the defendants did not crear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 10.07.2025.

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sri M. Ravinder, Manager of the Appricant Bank examined himserf as AW.1 and exhibited rerevant documents, whiih are marked as Ex.A.1 to A.10.

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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

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

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7' Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, officiar of the Appricant Bank was examined and he exhibited rerevant documents as Ex.A1 to A.10. 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 Applicant Bank is entitled to recover the craim made in the oA with future interest

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and costs. .j'.-..- ..\ .l-"
.:.. r' '-i , I !:iir' ,
{l;- '.. .-r'
B. tii€ presehr.OR is
with costs, as under:
0 1 AU8 2ff25

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(OA.s1 of 202s)

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The Defendant is riabre to pay to the Appricant Bank a totar sum of Rs.23,69,792/- (Rupees Twenty Three Lakhs Sixty Nine Thousand Seven Hundred and Ninety Two only) with further interest @ 13.80o/o p.a from date of filing of OA till the date of realization;

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9' The Applicant Bank is arso entitred to proceed against the person and properties of defendant towards rearization of the debt due.

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The Applicant Bank is entitled to the costs of the OA.

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The Applicant shal 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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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 this the 1.t day of Aug, 2O2S)

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sd/-

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(G. GOPTCHAND) PRESIDING OFFICER

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DRI-|, Hr,a,ERABAD..

State Bank of India v. Mr. Nagula Sivannarayana

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Nagula Sivannarayana

Case brief

What is this about?

What did the court decide?

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