In an ex-parte recovery application, the Debt Recovery Tribunal held the defendant liable to pay the applicant bank a specific sum under a credit card agreement along with future interest, costs, and a recovery certificate.
Defendant liable to pay Rs. 20,66,544 with future interest, costs; Recovery Certificate issued; Applicant to file Cost Memo.
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-II AT HYDERABAD
DATED THIS THE OTth DAY OF MAY, 2026
PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB.(Hons.),M.A.
PRESIDING OFFICER
Original Application No: 275 OF 2026
State Bank of India, Secunderabad Main Branch, Patny Center, Near Secunderabad HPO, Hyderabad, Telangana-500003. Rep. by its Legal Manager.
.. .Applicant
Versus
Mr. Lavudiya Jagmal, S/o. Mankthiya, Aged :44Years, R/o.H.No. 5-88, Kootigal Village, Dhoolmitta Mandal, Siddipet District, Tela ngana-506367.
Also At:
O/o. Wipro Ltd., Nanakramguda, Gachibowli, Hyderabad, Telangana-500032.
... . .. Defenda nt
Counsel for the Applicant M/s. Ajgal Ravi Babu
Defendants Exparte
:: :: (l-L El f[
oA.No.27s/2026
p.a. with monthly rests from 09.02.2026 till the date of realisation along with costs.
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
i) The Defendant is liable to pay to the Applicant Bank a sum of RS.20,66,544.OO1- under XPRESS Credit Etite Loan vide A/c. No.42175980009 with future interest @11.80o/op.a. simple, from the date^of application till the date of reatization; 0W",
oA.No.27Sl2026
\tlo.l ?t!!\ (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?
State Bank of India, Secunderabad Main Branch
Lavudiya Jagmal
Rameshwarp Koth
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
