State Bank of India v. Devaraj
Case brief
What is this about?
The Tribunal allowed the Original Application filed by State Bank of India to issue a Recovery Certificate for a home loan and cash credit default due from the defendant. The defendant was in absentia.
What did the court decide?
Recovery Certificate allowed for aggregate sum of Rs.36,92,083.63 with further interest @8% p.a. (Simple) from the date of filing OA till realization, recoverable from defendant personally and schedul
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, BENGALURU
Dated this 30th Day of January, 2026
Present: Sri. T. RAJESH Presiding Officer OA.No.1973/2024
BETWEEN:
State Bank of India, Stressed Asset Recovery Branch (SARB) JC Road, Bangalore- 560002
…APPLICANT
AND:
Sri. Devaraj Shetty S/o. Sundar Shetty R/at: #1-67, Madhya Temple Road, Madhya, Mangalore, Dakshina Kannada, Karnataka- 575030
Also Having office address at: Mr. Devaraj Shetty Panchami Studio Loyliz Complex, Kaikamba Circle, Kaikamba, Katipalla, Surathkal, Karnataka- 575030
...DEFENDANT
Counsel on record/appeared for:
Applicant : R & J Associates Defendants : Exparte
Issues for consideration
3 issues framed by the court
Whether the applicant had succeeded in proving the claim as against the defendant?
What order are to be passed?
Whether the claim falls within the limitation period?
Parties & counsel
- applicant
State Bank of India
Coram
T. RAJESH
Case details
As recorded by the court registry
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