The Debt Recovery Tribunal allowed the bank's original application for recovery. The Tribunal held that the bank established its claim and ordered the defendant to pay the outstanding principal along with contractual interest and costs.
Recovery of Rs. 24,58,818.00 with interest @11.40% p.a.; issuance of Recovery Certificate; costs of the application.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 12ih DAY OF FEBRUARY,2026
PRESENT: SRI GUMMAD! GOPICHAND, PRESIDING OFFICER
OA. No. 12OF 2026
Between :
State Bank of lndia, Chikkadpally Branch, H.no. 1-8-563/1 , RTC Cross Roads Opp. Sandhya Theatre, Chikkadpally, Hyderabad, Telangana - 500 020 Represented by its Assistant Manager Applicant VERSUS Ms. Pilla Lahari Priya, D/o. Pilla Ramana, Aged 29 years, Female, Occ. Private Employee, R/o. Flat No. 411, Vrushabadri Apartments, Green Hills Gated Community, Near MP CM Ramesh Camp Office, NH-5, By-pass Road, Anakapalle, Andhra Pradesh - 531 001 Defendant Counsel for the parties : For The Applicant Ajgal Ravi Babu For the Defendant Exparte Reserved on 09.02.2026 ..1"d\ Pronounced onA, 12.02.2026 Uoload in website on 12.03.2026 , -12 FEB2[ZB
(oA. No. 1212026)
ORDER
The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.24,5g,g1g.00 ps. (Rupees Twenty Four Lakhs Fifty Eight Thousand Eight Hundred and Eighteen Only) with contractual rate of interest @11.40% p.a with monthly rests from 06.11.2025 till the date of realization.
As per the averments in the application, the Applicant Bank states that Defendant availed personal Loan under Xpress Credit Elite Limit of Rs.25,00,000/- repayable in 72 equated monthly installments of Rs.4g,0g9l with interest @11.40o/o p.a with monthly rests and executed personal Loan Agreement dated 18.12.2023 in favor of the Applicant Bank. After availing the loan facility, the defendant failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on 19.05.2025 and issued Legat Notice dated 28.10.2025 to the defendant. lnspite of several requests and demands, the defendant did not crear the outstanding. Hence this oA.
(oA. No. 1212026)
- Sri. M Uma Mahesh, Manager of the Applicant Bank examined himself as AW.'1 and exhibited relevant documents, which are marked as Ex.A.1 to A.8.
The Defendant is liable to pay to the Applicant Bank a total sum of Rs.24,58,818.00 Ps. (Rupees Twenty Four Lakhs Fifty Eight Thousand Eight .Hundred and Eighteen Onty) with interest @11.40% p.a from 06.11.2025 tiil
(oA. No. 1212020)
(Dictated to the P.A., transcribed by her, corrected, signed and pronounced by me in the open murt on this the 12rh day of Feb, 2026)
sd/(c. coPtcHAND) PRESIDING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed sum and interest from the Defendant?
1 provisions across 1 enactments
State Bank of lndia, Chikkadpally Branch
Sri Gummadi Gopichand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
