Allowed

State Bank of India v. Mr. Cheekatla Vinesh Kiran

DRT6 Jul 2026OA/272/2026

Case brief

AI extract

What is this about?

The DRT allowed the application filed by State Bank of India for recovery of a loan amount of Rs. 20,20,969/- along with future interest from the defaulting borrower, as the bank established its claim through documentary evidence.

What did the court decide?

Defendant liable to pay Rs. 20,20,969/- with future interest @11.75% p.a.; Recovery Certificate issued; Applicant entitled to costs.

State Bank of India versus Mr. Cheekatla Vinesh Kiran — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL - IAT HYDERABAD DATED THIS THE O6th DAY OF JULY, 2026

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PRESENT: SRI cUMMADI GOPICHAND, PRESIDING OFFTCER

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OA. No. 272 OF 2026

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Between :

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State Bank of lndia, Parishrama Bhavan Branch, Basheerabagh, Hyderabad Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. Cheekatla Vinesh Kiran S/o Ch. Umamaheswara Rao Aged 37 years

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Occ: Technical Associate, Emp id 703321855 O/o Genpact lndia Private Llmited Hafeezpet Road, Vinayaka Nagar, Hyderabad - 500049

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Also at -

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R/o Flat No.504, Sree Nilayam Apartment, Backside Andani Childrens Hospital, Narsingi, Gandipet, KV Rangareddy District -500075

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/;ii;Ae;rN raopeta, # Easttfodavari, q\ * w$ngffiPm?fesh -

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Defendant

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(OA. No.272/2026)

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Counsel for the^{parties :}

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For The Applicant K. Narayana Rao For the Defendant Exparte Reserved on 01.07 .2026 Pronounced on 06.07.2026 Upload in website on 07.07.2026

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ORDER

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The Applicant Bank filed the^{present OA against Defendantfor} recovery of a total sum of Rs.^{20,20,969/- ( Rupees Twenty} Lakhs Twenty Thousand Nine^{Hundred and Sixty Nine} Only) with future rate of interest @11.75%^{p.a with monthly} rests from the date of this application till the^{date of realization.}

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As per the averments in the application, the^{Applicant Bank} states that Defendant availed Personal^{loan underXpress} Credit Elite Scheme of Rs.25,00,000/- repayable in72^equated *.. -monthly^{installmentsofRs.48,5521p.m with interest and} ,/..;ii';,:1$u(eo^{Personal Loan Agreementdated06.07.2023in} -g[ t",]Sr$1,|e Applicant Bank. After availing the loan facilitv, the ,',i,'rf" li^{^'} -'- defendapt, failed to comply the terms of sanction, hence the fja^{I6 JUL J0'fi'""tfrnkctassifiedthe account as NPA on 04 1 1.2025 and} 2 W

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(OA. No.272/2026)

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issued Legal Notice dated 06.04.2026 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 01 .07 .2026.

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Sri. D. Sreekar, Assistant Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.6.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendant as prayed for?

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Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1 , official of the Applicant Bank was examined and he exhibited relevant documents as^{Ex.A.1 to} 4.6. ln view of the above, I hold that the Applicant Bank^has established their claim made in the OA against^{the Defendant and} . hence the Applicant Bank is entitled to recover the claim^madein ,\ '. " the OA wilh^{futureinterestand costs.} :. ?\i\ \t I I )026 :. ji 11 'r.- ,1t^{"' .,.} -.^{.i' .','} ri 3 ,^.. ,'i''.J". ' .'' l.'^:''';j -: .. .,.'

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lAA.^No.272120261

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

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The Defendant is liable to pay to the Applicant Bank a total sum of Rs.20,20,969/- ( Rupees Twenty Lakhs Twenty Thousand Nine Hundred and Sixty Nine Only) with future rate of interest @11.75% p.a from the date of this application till the date of realization.

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The Applicant Bank is entitled to proceed against the person

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and properties of Defendant towards realization of the debt due.

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

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

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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 open court on this the 06'h day ofJul, 2026)

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sd/(G. GOPICHAND) PRESIDING OFF!CER

State Bank of India v. Mr. Cheekatla Vinesh Kiran

Case brief

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State Bank of India v. Mr. Cheekatla Vinesh Kiran

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