The Debt Recovery Tribunal allowed the OA filed by State Bank of India against Mr. Bollikonda Renu Kumar for recovery of a personal loan outstanding. The defendant was absent, and the bank's claim was upheld.
Defendant directed to pay Rs. 20,67,814 with future interest at 2.25% p.a.; Recovery Certificate to be issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL -I AT HYDERABAD DATED THIS THE O6th DAY OF JULY,2026
PRESENT: SRI GUMMADI GOPICHAND,PRESIDING OFFICER
OA. No. 273 OF 2026
Between:
State Bank oflndia, Parishrama BhavanBranch, Basheerabagh, HYderabad Represented bYits Chief Manager
Applicant
VERSUS
Mr. BollikondaRenu Kumar, S/o Papaiah aged 39years Occ: Sr. dataAnalYst' Emp id 344130, O/o TechMahindra Ltd, lnfo City,HitechCi$ LaYout' MadhaPur,HYderabad - 500081'
Also at -
R/o H.No.0-116, Muthyalagudem, Kusumanchi,
Defendant
loA.No.273/20261
Counsel for the parties :
| For TheApplicant | K.NarayanaRao |
|---|---|
| FortheDefendant | Exparte |
| Reservedon | 01.07.2026 |
| Pronouncedon | 06.07.2026 |
| Uploadinwebsiteon | 07.07.2026 |
ORDER
The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs. 20,67,g14l_ (Rupees Twenty lakhs Sixty Seven Thousand Eight Hundred Fourteen Only) with future rate of interest @j2.25% p.a with monthly rests from the date of thls application till the date of realization.
- As per the averments in the application, the Applicant Bank
states that Defendant availed personal loan under Xpress Credit Elite Scheme of Rs.25,00,000/_ repayable inl2equated monthly installments of Rs.49,202l_ p.m with interest and 6ffi;" :ffi:, :: 1, i"T;:,',,,.11ii :: if ff :,;: lF {$oeten'&n\ taiteo to compry the terms of sanction, hence the : g 5 ;g1afirfcanlk fiianr classified the account as NpA on.tg.09.2025 and ET d|. aJ 2 Qh","-o.# S;r*B
(oA. No.273/20261
issued Legal Notice dated 13.10.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.
0 6 JUL 'tlzF
(oA. No.273/2026)
The Defendant is liable topay tothe ApplicantBank a total sum of Rs.20,67,8141-(Rupees Twenty lakhsSixty Seven Thousand Eight Hundred Fourteen Only) with futurerate of interest @12.25Yo p.a from the date of this application tillthe date of realization.
(Dictated to the P.A., transcribed by her, corrected, sagned and pronounced by me in the open court on this the 06th day of Jul, 2026)
/s-- *W
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: 05lgm26 I
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sd/(G. GOPTCHAND) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to recover the claimed amount from the defendant as prayed for in the OA?
State Bank of India, Parishrama Bhavan Branch
Mr. Bollikonda Renu Kumar
Sri GummadI GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
