State Bank of India v. Revathy
Case brief
What is this about?
Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 25,54,303/- dues and interest from a home loan borrower, permitting recovery via sale of mortgaged property.
What did the court decide?
Recovery of Rs. 25,54,303/- plus interest @ 8.95% via sale of mortgaged property and personal assets.
What the court decided
T.A. No. 608 of 2023
06.06.2025
1
IN THE DEBTS RECOVERY TRIBUNAL-III, CHENNAI
Dated this the 06th day of June, 2025
Present: SMT. S.V. GOWRAMMA Presiding Officer
TRANSFERRED APPLICATION No. 608 of 2023
(Originally filed before DRT- II, Chennai as OA 265/2020 and thereafter transferred to this Tribunal and renumbered as TA No 608 of 2023)
State Bank of India Retail Assets Central Processing Centre, MRC Nagar, No.4, Santhome High Road, Mylapore, Chennai 600 004. Rep. by its Chief Manager ….Applicant -Vs-
Miss. Y. Revathy, D/o Mr. Yuvaraj, Residing at No.22, MIG Nagar, TNHB Colony, Tondiarpet, Chennai 600 015. …Defendant
Counsels on record / appeared:
Issues for consideration
1 issue framed by the court
Whether the bank is entitled to recover dues declared as NPA under Section 19 of RDB Act.
Parties & counsel
- applicant
State Bank of India Retail Assets Central Processing Centre
Coram
S.V. GOWRAMMA
Case details
As recorded by the court registry
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