Allowed

State Bank of India v. M/S. Ramavath Ramaja Dairy Farm

DRT2 Apr 2026OA/133/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an Originalling Application filed by State Bank of India to recover a loan of Rs. 21.14 lakh with interest from defaulters who were absent in court. The court held the bank's claim established and issued directions for coercion and recovery.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 21,14,907 plus interest @ 11.15% p.a. from 04.02.2026 until realization; issue recovery certificate.

State Bank of India versus M/S. Ramavath Ramaja Dairy Farm — DRT (2026) — LawSathi Research

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IN THE DEBTS RECOVERYTRIBUNAL.I AT HYDERABAD

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DATED THIS THE 2ND DAY OF APRIL, 2026

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA.No.133 ot 2026

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Between:

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State Bank of India, AMCC Miryalaguda-62529 First floor, Rajiv Chowk branch, Rajiv Chowk, Miryalaguda Nalgonda district - 508 207. Represented by its Manager

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Applicant

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VERSUS

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M/s. Ramavath Ramaja Dairy^Farm, Prop. Ramavath Ramaja, H.No.6-10/2, RuPlath^thanda, Borrayyapalem Post,^Matur, Nalgonda - 508 207.

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2, Mr. Ramavath Ramaja, s/o Thavuriya, aged^major, male, H.No.6-59, ruPlath^thanda, Borrayyapalem^post, Matur, Nalgonda district - 5OB^207.

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Defendants

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Counsel for the Parties:

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For the Applicant Sri Alluri Krishnam Raju For the Defendants Exparte 25.03.2026 Pronounced on 02.04.2026 Uploaded in websidl bnAli 2026 02.04.2026

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(oA.No133/2026)

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ORDER

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The Applicant Bank filed the present OA against defendants for recovery of a total sum of Rs.21,14,9O7l- (Rupees Twenty One Lakhs Fourteen Thousand Nine Hundred and Seven only) with interest @ 11.15olo p.a with monthly rests plus 2olo penal interest from 04.02.2026 till the date of realization and in default for sale of hypothecated movables as mentioned in the schedule to OA.

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As per the averments in the application, the Applicant Bank states that defendant no,1 is a^{proprietorship} concern represented by^its proprietor/ defendant no.2 availed cash credit limit of Rs.2.00 lakhs and term loan of Rs.17 lakhs and executed copy of letter^of arrangement, agreement of loan cum hypothecation^dated 05.12.2023. After availing the loan^{facilities, the defendantsfailed to} comply the terms of sanction, hence the applicant bank^{classified the} account as NPA and issued legal notice dated 06.08.2025.^{Inspite of} several requests and demands, the^{defendantsdid not clear the} outstanding. Hence this OA.

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Defendants called absent and^{set exparte on 25.03.2026.}

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Mr. G. Na r of the Applicant Bank examined himself aS AW.1 documents, which are marked as Ex.A.1 o 2 Rps mza

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(OA.No133/2026)

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant Bank is

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entitled for the claim made in the OA against the Defendants as prayed for?

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Defendants remained exparte, To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and she 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 Defendants and hence the Appricant Bank is entitled to recover the claim made in the oA with future interest and costs.

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In the result, the present OA is allowed with costs, as under: The Defendants are joinfly and severally liable to pay to the Applicant Bank a total sum of Rs.21,14,9O7 l- (Rupees Twenty One Lakhs Fourteen Thousand Nine Hundred and Seven onty) with interest @ 11.15olo^p,a from 04.02.2026 till the date of realization.

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proceed against the hypothecated ule to OA towards realization of

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(OA.No133/2026)

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The Applicant Bank is arso entitred to proceed against the person and properties of defendant No.2 and properties of defendant no,1 firm towards realization of the debt due.

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

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The Applicant shall file a cost memo within two weeks from the date of receipt of order.

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Issue Recovery ceftificate 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 2"d day of Aprit, 2026)

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(G. GOPTCHAND) PRESIDING OFFICER

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State Bank of India v. M/S. Ramavath Ramaja Dairy Farm

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Ramavath Ramaja Dairy Farm

Case brief

What is this about?

What did the court decide?

What the court decided

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