Allowed

State Bank of India v. Mr. Malthumkar Sunil Kumar

DRT1 Apr 2026OA/33/2026

Case brief

AI extract

What is this about?

In OA.No.33 of 2026, the Debt Recovery Tribunal adjudicated a claim for personal loan recovery. The Presiding Officer allowed the application against a defaulting employee, directing the payment of the outstanding principal, future interest, and costs.

What did the court decide?

Defendant ordered to pay Rs. 24,05,966/- with future interest at 12.55% p.a. and costs; recovery certificate issued.

State Bank of India versus Mr. Malthumkar Sunil Kumar — DRT (2026) — LawSathi Research

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD

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DATED THrS THE 1sr DAY OF APRrL,2026

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER OA.No.33 of 2026

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Between:

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State Bank of India, Humayun nagar branch, Mehdipatnam, Hyderabad. Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. Malthumkar Sunil Kumar, S/o M. Ashok Kumar, aged about 37 years, occ: employee, SSE(P-way)8, Qtr No.37 /29A, Railway quarters, near bidar Railway Station, Bidar - 585 4OL.

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Defendant

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Counsel for the Parties:

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For the Applicant Smt R. Aruna Defendant Exparte Reserved on 23.03.2026 Pronounced on 0 1 .04. 2026 Uploaded in website on 01.04.2026

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ORDER

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-" :t'- "i ; ;:.-: :I1:i* *

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ticantig'Ahk fiteO the^present OA against Defendant for recovery ,9661-^{(RupeesTwentyFour Lakhs Six} and Sixty Six only) with subsequent irnousSnt^4ppg2prun

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(oA.No.33/2026)

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interest @ t2.55o/op.a from date of application^{till the date of} realization;

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As per the averments in the application,^{the Applicant Bankstates that} defendant availed^personal loan of^{Rs.25.00 lakhs on 10.08.2023and} agreed to repay in 72 monthly^{installmentsof Rs.49,5941-.After} availing the loan facility, the defendant^{failed to complythe terms of} sanction, hence the applicant bank^{classified the account as NPA and} issued legal notice dated 30.08.2025.^{Inspite of several requestsand} demands, the defendant did^{not clear the outstanding. Hence this OA.}

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Defendant called absent^{and set exparte on 23.03.2026.}

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Sri V. Gangadhar, Asst.^{Managerof the ApplicantBank 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 whetherthe ApplicantBank is} entitled for the claim madeⁱⁿ the^{OA against the Defendantas prayed} for?

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OdfenOHnt remaingd '1:.,:. .qxparte. -.<sup>To substantiate the case of the ,,r.:^j+, , i

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;rfurpticant^{adnk, AW. #oFticialof the Applicant Bankwas examinedand} l''#.." "9n[,#t /9tr6r..;:bcuments^{as Ex.A1 to A.6. In view or the} ' . t ,' l',.,l=,^' -,, ., ,^t ,,r. -.^,i,..,]t. -,:i;i, 2

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(oA.No.33/2026)

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above, I hold that the Applicant Bank^{has establishedtheir claim made} in the OA against the Defendant and^{hence the Applicant Bank is} entitled to recover the claim made in the^{OA with future interest and} costs.

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In the result, the^present OA^is allowed^{with costs, as under:} The Defendant is liable to^pay to the Applicant^Bank a^{total sum of} Rs.24rO5,966/- (Rupees Twenty Four^{Lakhs Six ThousandNine} Hundred and Sixty Six only) with subsequent^interest @^12.55%p.a from date of application till the date of^realization.

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The Applicant Bank is also entitled^{to proceed against the personand} properties of defendant towards realization of the debt due.

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The 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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t2. Issue 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^{pronouncedby mein the opencourt on} this.the I't day.of APril, 2026)

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sdl(G. GOPICHAND) PRESIDING OFFICER

State Bank of India v. Mr. Malthumkar Sunil Kumar

Case brief

What is this about?

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State Bank of India v. Mr. Malthumkar Sunil Kumar

Case brief

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