Allowed

State Bank of India v. Mr. Nallabothu Narender

DRT18 Mar 2026OA/13/2026

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of a personal loan of Rs.24.097 lakhs. The Court held the bank established its claim via witness examination and documents, ordering the defendant to pay the principal sum with future interest and stipulating enforcement powers.

What did the court decide?

The defendant is liable to pay Rs.24,20,970/- with future interest at 11.55% p.a. from 10.11.2025 till realization. The Bank is entitled to costs and may proceed against the defendant's person and pro

State Bank of India versus Mr. Nallabothu Narender — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.I AT HYDERABAD DATED THIS THE lgrH DAy OF MARCH,2026

¶2

PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA.No.t3 of 2026

¶4

Between:

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State Bank of India, SARB-II branch, Opp Sandhya Theatre, RTC Cross Roads, Chikkadpally, Himayathnagar, Hyderabad - 500 020. Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. Nallabothu Narender, S/o Kistaiah, aged about 50 years, Male, occ: technician-I, Empl. No.248HL070269, r/o Flat no.302, Srilaxmi Raghavendra Castle, Krishna nagar, Green Hills 4/G colony, Kothapet, Saroorn agar, Ranga Reddy, Telangana - 500 035.

¶9

Defendant

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Counsel for the Parties:

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For the Applicantthe ApplicantApplicant

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For the Applicantthe ApplicantApplicant Sri Ajgal Ravi Babu For the Defendant,--,1. .r,::. Exparte 13.03.2026 Reserved on ..,^{-- ilii**n} 18.03.2026 Pronounced oh+y e$ Uploaded in w;bsit7 18.03.2026

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(oA.No.13/2026)

ORDER

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.24,2o,g7o/- (Rupees Twenty Four Lakhs Twenty Thousand Nine Hundred and Seventy only) with further interest @ 11.55o/o p.a with monthly rests from 10.11.2025 till the date of realization.

¶17

As per the averments in the application, the Applicant Bank states that defendant availed personal loan facility of Rs.24.00 lakhs and agreed to repay in 72 EMIs with a monthly installment of Rs.46,361/- p.m. After availing the loan facilities, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on L4.L2.2024 and legal notice was issued on L2.06.2025. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

¶18

Defendant called absent and set exparte on 13.03.2025.

¶19

Smt. M. sarala, Manager of the Applicant Bank examined herself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.7.

¶20

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¶21

(0A.No.13/2026)

¶22

The point that arise for consideration is whether the Applicant Bank is entitled for the claim made in the OA against the Defendant as prayed for?

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Defendant was set exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A1 to A.7. 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 entiued to recover the claim made in the oA with future interest and costs.

¶24

In the result, the present oA is allowed with costs, as under: The Defendant is liable to pay to the Applicant Bank a total sum of Rs.24,2o,97o/- (Rupees Twenty Four Lakhs Twenty Thousand Nine Hundred and seventy only) with further interest @ 11.55% p.a from 10.11.2025 till the date of realization.

¶25

The Applicant Bank is also entitled to proceed against the person and properties of defendant towards realization of the debt due.

¶26

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

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within two weeks from the date

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(oA.No.13/2026)

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t2. 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 18h day of March,2026)

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(G. GOPTCHAND)

PRESIDING OFFICER

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State Bank of India v. Mr. Nallabothu Narender

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Nallabothu Narender

Case brief

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What did the court decide?

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