In this Debt Recovery Tribunal order, the Presiding Officer allowed the Applicant Bank's Originating Application for recovery of Rs. 20,57,284/- plus interest against the Defendant, who appeared ex parte, finding the Bank's claim substantiated.
Defendant to pay Rs. 20,57,284/- with interest @11.30% p.a.; Recovery Certificate to be issued; Costs to Defendant.
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 - IAT HYDERABAD DATED THIS THE OTth DAY OF JULY, 2026
PRESENT: SRI cUMMADI GOPICHAND, PRESIDING OFFICER
OA. No. 277 OF 2026
Between :
State Bank of lndia, Parishrama Bhavan Branch, Basheerabagh, Hyderabad Represented by its Chief Manager
Applicant
VERSUS
Mr. Karem Vivekanand S/o Karem Sundara Rao, Aged 42 years, Occ: Senior Consultant Emp id 46250848
O/o. Capgemini Technology Services lndia Limited Survey Nos. 115,32 & 35,
Nanakaramguda, Gachibowli, Hyderabad-500032
Also at -
R/o HIG-40, Flat No.202.
Sri Lakshmi Suryavathi Nilayam, Sth phase KPHB Colony, Kukatpally,
Hyderabad-500085
Defendant
!i t 0 7 JUL 2026 :h.r t i+. ,'.r .(,i.'.',,"o*W . r' i-7 .^ " ' - - ,r\L' ./r ' :.'-': ,' I ; li1- -./'-,,f ::l-.-:_ -:=i."r,
(OA. No. 277 /20261
Counsel for theparties :
For The Applicant K. Narayana Rao For the Defendant Exparte Reserved on 01.07 .2026 Pronounced on 07.07.2026 Upload in website on 08.07.2026
ORDER
d.' availing the loan facility, the to comply the terms of sanction, hence the
0rJpridAniflL"rr* the account as NPA on 23.112025 2
.trk -.pIS
'i,.
loA.No.277 /2026)
and issued Legal Notice dated 01.12.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.
3
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..
(O A. No . 277 /20261
The Defendant is liableto pay to the ApplicantBanka total sum of Rs. 20,57,2841-(Rupees Twenty Lakhs Fifty Seven Thousand Two HundredEighty Four Only) with future rate of interest @11.30%p.a from the date of this applicationtill the date of realization.
sd/' (G. GOPTCHAND) PRESIDING OFFICER ,w:t$%" .$]:h$.ffi!,
2 issues framed by the court
Whether the Applicant Bank is entitled to recover the claimed amount along with interest and costs against the Defendant?
Whether the Defendant is liable to pay the outstanding loan amount under the Personal loan Xpress Credit Elite Scheme?
1 provisions across 1 enactments
State Bank of India
Mr. Karem Vivekanand S/o Karem Sundara Rao
Sri Cummadi GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
