Allowed

State Bank of India v. Mr.S. Narasing Rao

DRT1 Apr 2026OA/35/2026

Case brief

AI extract

What is this about?

In OA No. 35 of 2026, the Debts Recovery Tribunal, Hyderabad, decided the application filed by State Bank of India against Mr. S. Narasingh Rao for recovery of Rs. 24,43,154 along with subsequent interest. The defendant was absent, and the ADMM of the bank examined. Finding the bank's claim substantiated by documents, the Tribun allowed the OA.

What did the court decide?

The OA is allowed. The Defendant is liable to pay the Applicant Bank Rs. 24,43,154/- with subsequent interest @ 13.05% p.a. A recovery certificate is issued accordingly.

State Bank of India versus Mr.S. Narasing Rao — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERYTRIBUNAL-I^{AT HYDERABAD}

¶2

DATED THIS THE lST^{DAY OF APRIL, 2026}

¶3

PRESENT: SRI GUMMADI^{GOPICHAND,PRESIDING OFFICER}

¶4

OA.No.35 ot 2026

¶5

Between: State Bank of India, Humayun nagar branch, Mehdipatnam, Hyderabad. Represented by^{its Chief Manager}

¶6

Applicant

¶7

VERSUS

¶8

Mr. S, Narasing^Rao, S/o Sri S. Rangaiah, Aged about 43 Years,^{occ:emPloYee,} Rly Qtr No.821/13,^Mettuguda, Secunderabad -^{500 017.}

¶9

Defendant

¶10

Counsel for the^Parties: Smt R. Aruna For the APP|icant Defendant Exparte 23.03.2026 Reserved on 0r.04.2026 Pronounced on 0r.04.2026 Uploaded in^{website on}

¶11

ORDER

¶12

1' rne nno.li;9,r1t$4p.[-1.]::o^{tn" present oA asainst Defendantfor recovery} o6 6':[9tal sum of B3:?4,43,15al-^(Ruf .1.'^-'' .. "'a"'lt'. 5fiiy^rnreAfnousiUqneHundredand Fifty four only) with il -l" - ;.^,.'. ii*^{tl t RPn zozs .',} ':. .9, ..,..-..4, . - .,,i,t t'tl *. ": ,-..r..

¶13

(OA.No'3s/2025)

¶14

subsequent^interest @^{13.05o/op.afrom date of application till the date}

¶15

of realization;

¶16

2.Aspertheavermentsintheapplication,theApplicantBankstatesthat defendant^{availedpersonal loan of Rs'24'00 lakhs on 31'10'2023and} agreed to^{repay in 72 monthly installmentsof Rs'48'2421-'After} availing the^{loan facility, the defendant failed to comply the terms of} sanction,^{hencethe applicant bank classified the accountas NPA and} issued^{legal noticedated 3O'08'2025'Inspite of several requestsand} demands,^{the defendant did not clear the outstanding'Hencethis OA'}

¶17

Defendant^{calledabsent and set exparte on 23'03'2026'}

¶18

Sri V. Gangadhar,^{Asst' Managerof the Applicant Bankexamined} himself as^{AW.1 and exhibited relevant documents'whichare marked} as Ex.A.1^{to A'5.}

¶19

Heard^{the Ld. Counsel for the Applicant Bank'}

¶20

is whether^{the APPlicant Bank is}

¶21

1. The^{point that arise for consideration} entitled^{for the claim made in the OA} against^{the Defendantas PraYed} for?

¶22

exparte.^{To substantiate the case of the} ;:cial of the^{Applicant Bankwas examinedand} ApplicanLBank, ocuments^{as Ex'Al to A'5'In view of the} .she^{SxhibRe40$levq} i: '+.7:o r8i-q/

¶23

(oA.No.3sl2026)

¶24

above,IholdthattheApplicantBankhasestablishedtheirclaimmade in the OA against^{the Defendantand hence the Applicant Bank is} entitledtorecovertheclaimmadeintheoAwithfutureinterestand costs.

¶25

In the result, the^{present OA is allowed with costs'as under:}

¶26

The Defendant^{is liable to pay to the Applicant Bank a total sum of} Rs.24,43rL54/-^{(RupeesTwentyfour Lakhs Forty Three}

¶27

Thousand one^{Hundred and Fifty four only) with subsequent} interest @^{13.05o/op.a from date of application till the date of} realization

¶28

The Applicant^{Bankis also entitledto proceed againstthe personand} properties of defendant^{towards realization of the debt due'}

¶29

The^{Applicant Bank is entitled to the costs of the OA'}

¶30

The^{Applicant shall file a cost memo within two weeks from the date} of receiPt^{of order.}

¶31

Issue^{Recovery ceftificate accordingly'}

¶32

Communicate^{a copy of the order to the parties concerned'}

¶33

(Dictated1t, th6lF',A:; tr-anscribed^{by her' corrected'signedand pronounced by mein the opencourt on} ttrl.qffd- t+.oaY^{or lpril^,2p16)} .'7 'rh;. -:.

¶34

-:.
i,i iw sdl'
6*.) h'ln
ii * - ,.r. lt -ar rc Ff.tDY ,le cnDtar{ANDI
APn'?Tr.1i,i
W'-s''"'fl:'#li:l
't,-11
'\ )'}." -,"..rfo',
3
.t"' :!*Y;'

State Bank of India v. Mr.S. Narasing Rao

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr.S. Narasing Rao

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Union Bank of India versus vasantha baltha

Satti Gangi Reddy versus Union Bank of India

Ms Pyramid Infra Services versus Karur Vysya Bank

State Bank of India versus M/S. Isha Waste Recylers

State Bank of India versus Mrs. Kambhampati Jayasree

Canara Bank versus M/S. Sri Sai Industries