Allowed

State Bank of India v. Ameya Industries

DRT6 May 2026OA/138/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Application filed by State Bank of India against a partnership firm and two guarantors, directing them to pay the outstanding loan amount, future interest, and costs while permitting action against hypothecated properties.

What did the court decide?

Directing Defendants to pay Rs.47,74,278 with future interest; permitting sale of hypothecated movables and attachment of properties; issuing Recovery Certificate.

State Bank of India versus Ameya Industries — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS^{RECOVERY TRIBUNAL} -^{I AT HYDERABAD}

¶2

DATED THIS^{THE O6th DAY OF MAY, 2026}

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PRESENT:^{SRI GUMMADI GOPICHAND, PRESIDING OFFICER}

¶4

OA. No. 138^{OF 2026}

¶5

Between^:

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State Bank of^lndia, Stressed Assets^{Management Branch- ll,} (SARB - ll),

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H.No. 1-8-563/1,

¶8

RTC'X' Roads,

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Opp. SandhYa^{Theatre,1st Floor,} Chikkadpally,^{HYderabad - 20} Represented bY^{its Chief Manager}

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Applicant

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VERSUS

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M/s. Ameya lndustries,

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Represent by its^Partners

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Plot No. 148-150,^Phase -^ll,

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IDA Mallapur,

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Hyderabad - 500 076

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Also at -

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H.No. 20-145i6, Flat^No.2l2,

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Sri Ratna Residency, Pilot Raj Kumar Road,

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Goutam^{Nagar Sub-Station,} -,.fr-^{Qay.anandNagar, Malkajg iri,} ''-d'xv^nihoarebUu.' I r"r"ffia 5oo647i

¶21

: 1 2 ttRt mm^r.i: 'a e.\ *o,:ry S';;t

¶22

(oA. No. 138/2026)

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Smt. Tatavarhi Mohana^{Vijaya Lakshmi'} Wo Sri Venkata Ramana^{Rao Tatavarhi,} Age Major, Gender^Female H.No. 20-145/6,^{Flat No. 212,} Sri Ratna ResidencY, Pilot Raj Kumar Road, Near Goutam Nagar^Sub-Station, Dayanand Nagar,^Malkajgiri. KV Rangareddy, Telangana 500 047.

¶24

Smt. Pattamatta^Ramani, Wo. Sri Pattamatta^{Venkateswara Satya Sai Prasad,} Age Major, Sex Female Flat No. 5-3, Anandam Heights, 2nd West Lane, Krishna Venkateswarapuram, Near Gethsamane Church, Postal Colony Patama, Vijayawada (Urban), Andhra Pradesh - 520 010.

¶25

Also at -

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Flat No. 404, Acropolis Villa, Road No.6, Habsiguda,

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Defendants

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(oA. No. 138/2026)

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Counsel for the Parties^:

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AlluriKrishnam^Raju For The ApPlicant For the Defendant Exparte 05.05.2026 Reserved on 06.05.2026 Pronounced on 12.05.2026 Upload in website^on

¶31

ORDER

¶32

The Applicant Bank^{filed the present OA against Defendants} for recovery of a total^sum of^{Rs.47,74,278.00Ps' (Rupees} Forty Seven Lakhs^{Seventy Four Thousand Two Hundred} and Seventy Eight^{Only) i.e a sum of Rs.37,06,768'00 Ps} under Cash Credit^{Loan accountand Rs.10,67,510.00Ps under} Term Loan account together^{with future interest} @^{16.25% p.a} with monthly rests^{plus penal interest@2%p.a from19.12.2025} till the date of realization and^{indefault for sale of} Hypothecated Movables as mentioned^{in the Scheduleof} Property to OA.

¶33

f^{.a.,As pgI,lhe.averments in the application,the Applicant Bank} -^.;..fr^ d\ f,r^ ,r :^ ^ n^J-^-^Li^ E;--^^-^^^^.^,.,r !-., (Oo .S. ^I*t;.-t--]--1 t h&i86{endant ttrq{"ndant No.^'1 is a Pa(nership Firm represented by * itfPartner Ddlendants No. 2 and 3 availed Term loan facility 1 2 uarrnm- ^^T ii.. - q I o$Ah&&.oo.i.$rns ano cash credit limit of Rs.30.00 Lakhs 3 Qfo-,***gg S;,urtV

¶34

(OA. No. 138/2026)

¶35

and the defendants^{hypothecated movables morefullymentioned} in Schedule of^{Property to OA and executed Agreement of} Loan cum Hypothecation^{dated 28.03.2018 in favor of the} Appllcant Bank.^{The DefendantsNo. 2 and 3 stood as a} Guarantor and^{executedGuarantee Agreement dated} 28. 03. 20¹ 8, 29.05.2020,^{09.04.2021' 08.02.2022 and 26 02 2024} in favor of the^{Applicant Bank. The Defendant No1} represented by its^{Partners renewedand enhancedthe above} mentioned loan facilities^{from time to time and lastlythe above} mentioned loan facilities^{were renewedand enhancedon} 26.02.2024 and the^{loan documents were executedon} 26.02.2024 in favor^{of the Applicant Bank.After availing the} loan facility, the^{defendantsfailed to comply the termsof} sanction, hence the applicant^{bank classified the account as} NPA on 28.02.2025 and^{issued DemandNoticedated 06 06 2025} under Section 13(2) of^{SARFAEIAct, 2002 and Legal notice} dated 21 .11.2025 to^{the defendants. lnspite of severalrequests} and demands, the defendants^{did not clear the outstanding.} Hence this OA.

¶36

Defendants called absent and^{set exparte on 05.05.2026.}

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ey Pradeep, Chief Manager of the Applicant^Bank imself as AW.1 and exhibited relevant documents, ed as Ex.A.1 to A.16.

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¶39

(OA. No. L38/2026)

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Heard the Ld. Counsel^{for the ApplicantBank.}

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The point that arise for^{consideration is whetherthe Applicant} bank is entitled for the claim^{made in the OA against the} Defendants as^prayed for?

¶42

Defendants remained exparte.^{To substantiatethe case of the} Applicant Bank, AW.1 , official of the^{ApplicantBank was} examined and he exhibited^{relevant documentsas Ex.A.1 to} 4.16. ln view of the above, I^hold that^{the Applicant Bankhas} established their claim made in the^{OA against the Defendants} and hence the Applicant Bank is^{entitledto recoverthe claim} made in the OA with future interest and^costs.

¶43

ln the result, the^present OA is allowed^{with costs,as under:}

¶44

The Defendants No. 1 to 3 are^jointly and severally^liableto pay to the Applicant Bank a total sum of Rs.47,74,278.00 Ps. (Rupees Fofi Seven Lakhs Seventy Four Thousand Two Hundred and Seventy Eight Only) i.e a sum of Rs.37,06,768.00 Ps under Cash Credit Loan account and 7,510. 00 Ps under Term Loan account together with @^{16.25% p.a from 19.12.2025till the date of}

¶45

fif^'w 7,510. t'lAY ?026 J^12;A'; ? -'orgl nr{af/ Wn .rut)4

¶46

(oA. No. 138/2026)

¶47

The Applicant Bank is entitled to proceed against the Hypothecated Movables as mentioned in the Schedule of Property to the OA towards realization of the debt due.

¶48

The Applicant Bank is also entitled to proceed against the person and properties of defendants No. 2 and 3 and properties of Defendant no. 1 firm towards realization of the debt due.

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

¶50

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

¶51

13 lssue Recovery Certificate accordingly.

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14 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 06'h day of May. 2026)

¶54

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State Bank of India v. Ameya Industries

Case brief

What is this about?

What did the court decide?

State Bank of India v. Ameya Industries

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Statutes considered

Parties & counsel

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