Allowed

State Bank of India v. Sri. Musham Ravi Kumar

DRT1 Jun 2026OA/240/2026

Case brief

AI extract

What is this about?

The Tribunal allowed the Original Application filed by State Bank of India for recovery of a personal loan amount of Rs. 85,48,391.71 with future interest and costs against the defendants who failed to repay the loan and create security. The bank was also granted permission to proceed against mortgaged properties.

What did the court decide?

Recovery of Rs. 85,48,391.71 with future interest at 11.50% p.a. and costs; permission to proceed against mortgaged properties.

State Bank of India versus Sri. Musham Ravi Kumar — Contract and Commercial Disputes | DRT (2026)

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

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DATED THIS THE O1SI DAY^{OF JUNE,2026}

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PRESENT: SRI GUMMADI^{GOPICHAND, PRESIDING OFFICER}

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OA. No. 240 OF 2026

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Between:

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State Bank^{of lndia,} Suryapet Main^{Branch (06316),} W Road, SuryaPet, Nalgonda District, Telangana - 508²¹³ Applicant Represented^{bY its Chief Manager} VERSUS 1. Sri. Musham^{Ravi Kumar,} S/o. Mr. Musham^Pullaiah, Age 53^{years, Occu Business,} H.No.1-6-113/1, V.T. Road, Suryapet,^Telangana -^{508 213'} 2. Smt. Musham^Madhavi, Wo. Mr. Musham^{Ravi Kumar,} Age 49 Years,^{OccuBusiness,} H.No. 1-6-113/1, V.T. Road, Suryapet, Defendants Telangana -^{508 213. :} 1', "l 0 1 JUt{ 2026 ,.1

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(oA. No. 24012026)

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Counsel for the Parties^:

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J. Sainath Rao For The ApPlicant For the Defendant Exparte 22.05.2026 Reserved on 01.06.2026 Pronounced^on 02.06.2026 Upload in website^on

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ORDER

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The Applicant^{Bank filed the present OA againstDefendants} forrecoveryofatotalsumofRs'85,48,391'71Ps'(Rupees Eighty Five^{Lakhs Forty Eight Thousand Three Hundred} Ninety One^{and Seventy One Only) with future rate of interest} @11.50%^{p.a with monthly rests fromthe date of this application} till the^{date of realization and in defaultfor sale of Mortgage} Property^{as mentionedin the Scheduleof Propertyto OA'}

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As per the^averments in the application,^{the Applicant Bank} availed Personal^{loan againstproperty} states that^Defendants ble in 120^{equated monthlyinstallments} of Rs.60,00, with Agreement of^{Loan dated} nt Bank.^{The Defendants} 22.12.2017;:'ⁱⁿ lly mentioned^{in Scheduleof} created^egu , r.:fi^it#f

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(oA. No. 240/2026)

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Property to OA and^{executed Memorandum of Depositof Title} Deedsdated22.l2.2olTanddepositedoriginaltitledeedsin favor of the^{ApplicantBank' After availing the loan facility' the} defendants^{failed to comply the terms of sanction, hence the} applicant bank^{classified the account as NPA on 13'03'2024 and} issued Legal^{Notice dated 30.10.20251o the defendants'lnspite} ofseveralrequestsanddemands,thedefendantsdidnotclearthe outstanding.^{Hencethis OA.}

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Defendants^{called absent and set exparteon 22'05'2026'}

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Mr. M. A.^{Aleem, ChiefManager of the Applicant Bank examined} himself as^{AW.1 and exhibited relevant documents'whichare} marked as^{Ex.A.1 to A.5.}

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Heard the^{Ld. Counsel for the Applicant Bank'}

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is whether the^APPlicant 6. The point^{that arise for consideration} in the OA^againstthe bank is entitled^{for the claim made} Defendants^as PraYed^for?

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Defendants^{remained exparte'To substantiatethe caseof the} official of^{the APPlicantBankwas} Applicant^Bank examined a{( h,.relevant^{documents as Ex'A 1 to} d that the^{APPlicantBank has} A.5. ln view^{of the} e OA against^{the Defendants} estabrisheb "X|.f'3iiil $fid"

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(oA. No. 24012026)

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and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

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

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The Defendants are^jointly and severally^{liable to pay to the} Applicant Bank a total sum of^{Rs.85,48,391.71Ps. (Rupees} Eighty Five Lakhs Forty Eight^{Thousand Three Hundred} Ninety One and Seventy One^{Only)with future rate of interest} @11.50%^{p.a from the date of this applicationtill the date of} realization.

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The Applicant Bank is entitled^{toproceed against the} Mortgaged Property as^{mentioned in the Schedule of the} Property to the OA towards^{realizationof the debtdue.}

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The Applicant Bank is^{entitled to proceed againstthe person} and properties of^{DefendantsNo. 1 and 2towards realization} of the debt due.

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That Applicant Bank^{is entitledto the costs of the OA.}

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The memo within two^{weeks from the}

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*
t o 1 JUil zozfi *
11

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(oA. No. 240/2025)

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lssue Recovery Certificate 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 opencourt on} this the 01"i day of Jun, 2026)

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sd/(G. GOPICHAND) PRESIDING OFFICER

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State Bank of India v. Sri. Musham Ravi Kumar

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri. Musham Ravi Kumar

Case brief

What is this about?

What did the court decide?

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