Allowed

State Bank of India v. Mr. Jonnalagadda Prasad

DRT20 Apr 2026OA/177/2026

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the applicant bank's original application for recovery of Rs. 24,38,821.00 with interest against a defendant who failed to repay a personal loan, finding the bank established its claim.

What did the court decide?

Defendant to pay Rs. 24,38,821.00 with interest at 11.65% p.a. from 19.01.2026; issuance of Recovery Certificate; bank entitled to realize debt from person and properties.

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

¶1

IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 2oth DAY OF APRIL, 2026

¶2

PRESENT: SRI cUMMADI cOPtCHAND, PRESIDtNG OFFTCER

¶3

OA. No. 177 OF 2026

¶4

Between :

¶5

State Bank of lndia, Nallakunta Branch, H.No.2-1-518, Main Road, NallakLrnta, Hyderabad, Telangana - 500044. Represented by its Deputy Manager VERSUS Mr. Jonnalagadda Prasad, S/o. Venkateshwarlu, Aged 42 years, Gender - Male, GHS KLrzurnagar, Emp l.D: 1953950 Rlo.2-104, Tulasi^t'agar, Uppal, Hydera5ad - 500 039. Also at -

¶6

Applicant

¶7

Oio. Grvernment High School, ,raup1-^,got, Suryapet district, Telang^.na - 508 204. Defendant O APR?W * \ ,h,*.-,*ry

¶8

(OA. No. r77 /2026],

¶9

Couns-l for the parties :

¶10

For Th: Applicant AjgalRaviBabu Forthe Defendant Exparte Reser" d on 17.04.2026 PronoLrnced on 20.04.2026 Uploar' in website on 20.04.2026

¶11

ORDER

¶12

The Applicant Bank filed the present oA against Defendant for recovery of a total sum of Rs.24,3g,g21.00 ps. (Rupees Twenty Four Lakhs Thirty Eight Thousand Eight Hundred and rwenty one onry) with contractuar rate of interest @11.650/0^p.a with monthry rests from 19.01.2026 tiil the date of realization.

¶13

As per the averments in the application, the Applicant Bank states that Defendant availed personal Loan under Xpress Credit Ellte Limit of Rs.25,00,000/_ repayabte in 72 equated monthly installments of Rs,49,422l_ with interest @11.65% p.a with monthly rests and executed personal Loan Agreement dat 4 in favor of the Applicant Bank. After avaiting defendant failed to comply the terms of pplicant bank classified the account as 2

¶14

'{lh*#'

¶15

loA.^{No. t77} /2026)

¶16

NPA on 04.02.2025 and issued Legal Notice dated 18.12.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this oA.

¶17

Defendant called absent and set exparte on 17.04.2026.

¶18

Sri. Thakkasita Mallikarjuna, Deputy Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant Cccuments, which are marked as Ex.A.1 to A.g.

¶19

I leard the Ld. Counsel for the Applicant Bank.

¶20

, lre point that arise for consideration is whether the Applicant bank is entifled for the claim made in the OA against the Defendant as prayed for?

¶21

T Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was cxamined and he exhibited relevant documents as Ex.A.1 to A.B. In view of the above, I hold that the Applicant Bank has c;tablished their claim made in the OA against the Defendant and lr:nce the Applicant Bank is entifled to recover the claim made in

¶22

and costs.

¶23

s
cf.q
E 20annry26
W,,"*"rsy
Qo#.l,'it9

¶24

(oA. No. r77 /20261

¶25

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

¶26

The Defendant is riabre to pay to the Appricant Bank a totar sum cf Rs.24,38,821.00 ps. (Rupees Twenty Four Lakhs Thirty -;ght Thousand Eight Hundred and Twenty One Only) with contractual rate of interest @11.6s% p.a from 19.01.2026 tilr tire date of realization..

¶27

re Applicant Bank is entifled to proceed against the person rrd properties of Defendant towards realization of the debt 'to

¶28

'10. rat Applicant Bank is entifled to the costs of the OA.

¶29

re Applicant shall file a cost memo within two weeks from the clrte of receipt of order.

¶30

^sue Recovery Certificate accordingly.

¶31

.- rmmunicate a copy of the order to the parties concerned. ( .ated to the P.A., transcribed by her, conected, signed and pronounced by me in the open court on the 20rf, day ofApr, 2026)

¶32

20 /.psTfi

¶33

sd/-
GOPTCHAND)
G OFFICER

State Bank of India v. Mr. Jonnalagadda Prasad

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Jonnalagadda Prasad

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Bank of Baroda versus M/S. Ryn Enterprises

Union Bank of India versus M/S. Bujji Bai Farms

State Bank of India versus M/S. Hotcrete Infrastructure Pvt. Ltd.

State Bank of India versus Mr. Eggidi Ramesh @ a. Ramesh

State Bank of India versus Mr. Yalamandala Venkateshwarlu

State Bank of India versus Mr. Erapa Rama Rao