State Bank of India v. Divya
Case brief
What is this about?
STA Duty SC allowed a debt recovery application under RDB Act for a housing loan default, granting a recovery certificate for principal, reduced interest, and costs against the borrowers and mortgaged property.
What did the court decide?
Recovery certificate issued for Rs.42,28,624/- with 8% p.a. simple interest from filing date, recoverable from defendants jointly/severally and mortgaged property. Costs awarded to applicant.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 27th Day of August, 2026
Present: Sri. T. RAJESH
Presiding Officer
OA. No.1858/2024
BETWEEN:
State Bank of India Stressed Asset Recovery Branch (SARB) J C Road, Bengaluru-560002 Rep. by its Chief Manager … APPLICANT
AND:
- B. Divya W/o. Balaji Aged about 37 years Residing at No.86/42 1st main 14th Cross, Muneshwara Block, Sriram Nagar, Bangalore, Karnataka-560086
- Sri. A K Raghu Builder/Developers No.2, 8th Main, IOB Bank Lane Beside Bharadwaja Apartment, Balaji Layout, Kodigehalli, Bangalore-560092 … DEFENDANTS
Counsel on record/appeared for:
Issues for consideration
2 issues framed by the court
Whether the applicant successfully proved its claim against the defendants in ex parte proceedings?
What order should be passed on the allowed claim?
Parties & counsel
- applicant
State Bank of India Stressed Asset Recovery Branch (SARB)
- respondent
B. Divya
- respondent
Sri. A K Raghu Builder/Developers
Coram
Case details
As recorded by the court registry
Similar cases
Judgements on the same questions, provisions and authorities, from every court