Allowed

State Bank of India v. M/S. Rudranshi Enterprises

DRT21 Nov 2025OA/715/2025

Case brief

AI extract

What is this about?

In Debts Recovery Tribunal-II Hyderabad, the Presiding Officer allowed an Original Application filed by SBI for recovery of a loan sum. The defendants, who were absent, were declared jointly and severally liable to pay the principal, interest, and costs based on evidence filed ex parte.

What did the court decide?

Directing defendants to pay Rs. 28,91,169/- with future interest and costs; enabling the applicant bank to proceed for realization of dues.

State Bank of India versus M/S. Rudranshi Enterprises — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 21ST DAY OF NOVEMBER, 2025 pRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A. PRESIDING OFFICER

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Original Application No: 715 OF 2O2S

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State Bank of India., SMECCC-Cyberabad Branch No. 12-6-39lA/ZF, y Junction Kukatpally, Hyderabad _ SOOO72. Rep. by its Chief Manager. ...Applicant

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Versus

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M/s. Rudranshi Enterprises., Rep by Smt. Sweety Ranjan plot No.61/D, phase II, IDA Jeedimeua Quthbullapur Mandal, R R District Hyderabad^_ 500055.

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Smt. Sweety Ranjan C/o. Sri. Ranjan Kcrmar

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Aged about^years, Occ: Business H.No.4-42-1065/1, plot No.9, 1st Floor Paparayudu Nagar, Near H p petrol Bunk Kukatpally, Hyderabad _ 5OOO72.

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...... Defendants -4 c.phhho<qv 4 Counset for the Appticant , Mf,_v=yeak;;it# \ . Defendants : Ex_parte

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:: ORDER ::

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The Applicant Bank filed the present oA for the recovery of a sum of Rs.28,91,169/- from the defendants jointly and severally with future interest @72.75o/o p.a. for cash credit and @L2.4oo/o p.a. for

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OA.No.715/2025

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Term Loan and Penal interest @2olo^{from the date of application till} the date of^realisation along with^costs.

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Summon served^{on D1 and} 2 through^{paper publication. They were} as called absent^{and no representation.}

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set ex-parte on^04.11.2025

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The Applicant Bank^{examinedP. Prabhakar, Legall'4anager as AW-1} and marked 11 documents^{through him as Ex. A.1 to Ex' A 11'}

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Heard the Ld. Counsel^{for the Applicant Bank.Perused the material} placed on record.

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The^point that^{arisesfor conslderationis:-}

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Whether the Applicant^{Bank is entitled for} the claim made^{in the OA against the} Defendants?

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As stated supra, the^{Defendantsremained ex-parte. The Evidence} Affidavit coupled with the^{recitals in the documentsviz., Exs'A'1 to} A11 marked on behalf of^{the Applicant Bank clinchesthe claim of} the Applicant^{Bank againstthe Defendants.Hence, I holdthat the} Defendants are^jointly and^{severally liable to pay the OA claim to} the Applicant Bank with^{futureinterestand costs.}

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In the result, the^present Original^{ApplicationNo.71512025is} allowed as under:^-

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i) The Defendants are^jointly and^{severallyliableto pay to} the Applicant Bank a sum of Rs.28,91,169/-^{with future} lnterest @11.5590 p.a. simple, from the date of apptication titr the date of rcatizationo%9

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OA.No.TtslZOZS

ii) the applicant bank is also entiUed to proceed against the person and properties of the defendant for realization of its dues;

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iii) the applicant bank is entifled for the costs.

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8' The Applicant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned.

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(Dictated to the steno., transcribed by him, correcied, signed and pronounced by me in the open court on this the 2ln day of November ,20251.

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Ow*

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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State Bank of India v. M/S. Rudranshi Enterprises

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Rudranshi Enterprises

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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