State Bank of India v. Ms. Kankipati Niharika
Case brief
What is this about?
The Applicant Bank sought debt recovery of Rs. 20,73,289/- along with interest and costs arising from a defaulted personal loan under the Xpress Credit Elite scheme. The Tribunal allowed the OA, holding the bank established its claim and liable the defendant to pay the outstanding sum.
What did the court decide?
Defendant liable to pay Rs. 20,73,289/- with interest at 11.40% p.a. from 12.03.2025. Applicant Bank allowed costs and entitled to issue recovery certificate.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD DATED THIS THE 11TH DAY OF JUNE'2025
PRESENT: SRI GUMMADI GOPICHAND, PRESIDING oFFICER OA.No.95 ot 2025
Between:
State Bank of lndia, Stressed Assets Recovery Branch-II H.No. 1-B-563/ 1, first floor, Opp Sandhya theatre, RTC "X" roads, Hyderabad, Telangana State. Represented by its Chief Manager
Applica nt
VERSUS
Ms. KankipatiNiharika, D/o K. Bhanukarunakara Rao,
Aged 28 years, occ: private employee, R/o D.No.1-401, Doramamidi, Polavaram, West Godavari dist, A.P - 534 448.
Also at
E/o Tech Mahindra Limited, Tirumalgiri, K.V, Rangareddy, Hyderabad - 500 043.
Defendant
Counsel for the Parties:
Issues for consideration
1 issue framed by the court
Whether the Debts Recovery Tribunal ought to grant the release order against the Defendant in view of the Application of the Applicant Bank.
Parties & counsel
- applicant
STATE BANK OF INDIA
- respondent
MS. KANKIPATINIHARIKA
Coram
GUMMADI GOPICHAND
Case details
As recorded by the court registry
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