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State Bank of India versus Sri Sai Balaji Indutries — Banking and Recovery | DRT (2026)

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DRT
2026
State Bank of India versus Sri Sai Balaji IndutriesState Bank of India v. Sri Sai Balaji Indutries

Disposed

State Bank of India v. Sri Sai Balaji Indutries

DRT12 Sept 2026OA/328/2026

Case brief

AI extract

What is this about?

The Lok Adalat disposed of an original application filed by State Bank of India for debt recovery against M/s. Balaji Industries & Another. During the pendency of the proceedings, the defendants settled the loan account. Consequently, the applicant bank withdrew the application, leading to the disposal of the original application No. 32812/2026 as withdrawn.

What did the court decide?

The original application is disposed of as withdrawn. Court fee to be refunded.

What the court decided

AI extract

Outcome

The original application is disposed of as withdrawn. Court fee to be refunded.

Detailed headnote1 paragraphs

1. The present matter involves an Original Application filed by the State Bank of India for the recovery of a loan amount outstanding from the respondents. 2. During the pendency of the proceedings before the Lok Adalat, the respondents settled the loan account. 3. The applicant bank filed a Full Satisfaction memo regarding the settlement. 4. Relying on the reference made by the Lok Adalat Bench, it is noted that the amount of Rs. 1,79,59,500/- has been settled by the defendants. 5. In light of the account being settled, the case has been disposed of as withdrawn by leave of the Court, and the Court fee shall be refunded as per rules. 6. No substantive adjudication on the merits of the debt was required given the settlement prior to the final disposal.

A compact analysis

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.

A

BEFORE THE LOKADALAT DEBTS RECOVERY TRIBUNAL - II HYDERABAD

AWARD DATED: 12.09.2026.

IN

ORIGINAL APPLICATION NO :- 32812026

Present:-

Sri Rameshwar Kothe, Presiding Officer

Sri A. Nandini Reddy, Member

Sri A V S S Prasad,Member

Reference made by

Applicant Bank through: Shri A M Kiran Kumar, Advocate.

Delendants through:

Between:-

State Bank of India.,

...... Applicant

Versus

M/s. Balaji Industries & Another. . . .. Defendants.

l. Whereas the applicant bank has filed the instant OA in this Tribunal for recovery of a sum of Rs.1,65,28,829.68ps togethggwith future interest, costs etc againstthe defendants.

U/

O.A. No.328/2026

Whereas during the pendency of the case before this Tribunal, the defendants have settled the loan account. The applicant bank filed a Full Satisfaction memo to this effect.

J. Now, in terms of the reference made before the Lok Adalat on this 12th Day of September,2026, the defendants settled the loan account of

Rs.1,79,59,500/-, hence the Counsel for Applicant prays for withdrawal of the case as there remains nothing to continue the case. In view ofthe account having been settled, the 0A.32812026 is disposed as withdrawn. Court fee be refunded as per rules.

Copy of this order be provided to the concemed parties or their representatives.

(Given under the seal of the Lok - Adalat Bench on this the 12th

fi
AVSSPrasad V^J-*):-K. Nandini Rameshwar @{'rn,xKothe
Member Member Presiding Officer

Parties & counsel

AI extract

applicant
State Bank of India.
respondent
M/s. Balaji Industries & Another

Coram

AI extract

Rameshwar Kothe
A. Nandini Reddy
A V S S Prasad

Case details

As recorded by the court registry

Court: DRT
Decided on: 12 Sept 2026 · September
Case no.: OA/328/2026
CNR: 280120003842026
Topic: Banking and Recovery
Bench: Rameshwar Kothe

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Cite this judgement

State Bank of India v. Sri Sai Balaji Indutries, OA/328/2026 (DRT), decided on 12 September 2026.

The Debt Recovery Tribunals publishes no neutral citation for this judgement — cite it by case number and date of decision.

Bench / Coram

Rameshwar Kothe and A. Nandini Reddy and A V S S Prasad

Parties & counsel