Allowed

State Bank of India v. Sri Krishna Filling Station

DRT13 Aug 2026OA/362/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by State Bank of India for recovery of a loan facility amounting to Rs. 53,46,449 with future interest, holding the defendants jointly and severally liable after assessing documentary evidence provided by the bank which established the claim.

What did the court decide?

The respondents are directed to pay Rs.53,46,449 with future interest at 13.15% p.a. The bank is entitled to proceed against hypothecated movables and properties of the respondents for realization of

State Bank of India versus Sri Krishna Filling Station — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL - IAT^HYDERABAD

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DATED THIS THE 13th DAY OF AUGUST,2026

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING^OFFICER

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OA. No. 362OF 2025

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Between :

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State Bank of lndia, Bazar Road Branch,

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Bellampalli, 9-1-1, Main Bazar,

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Bellampalli, Mancherial District,

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Rep.by its Chief Manager of AMCC Branch, H.No.1-236/5-5,

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Beside DCP Office, Macherial,

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Mancherial District - 504208

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Applicant

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VERSUS

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Sri Krishna Filling Station, rep.by its Proprietor Sri. P. Ram Prasad Goud, Major, Male, Sy.No.228lEl112, Dahegaon Main Road, Dehagaon,

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Asifabad - 504273

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Sri. P. Ram Prasad, S/o.Sri.Shankar Goud, Major, Male,

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Proprietor of Sri Krishna Filling Station, R/o.D.No.554, 1st Zone, Beside Veerabhrahmam Temple, Mandamarri,

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Adilabad District - 504231.

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(OA. No. 36212026)

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Counsel for the parties :

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For The Applicant Sri. P.V. Satyanarayana For the Defendant Exparte Reserved on 12.08.2026 Pronounced on 13.08.2026 Upload in website on 13.08.2026

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ORDER

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The Applicant Bank filed the present OA against Defendants for recovery of a total sum of Rs.53,45,449.00 Ps. (Rupees Fifty Three Lakhs Forty Six Thousand Four Hundred and Forty Nine Only) with future rate of interest @13.15% p.a with monthly rests from the date of filing of this application till the date of realization and in default for sale of Hypothecated Movables as mentioned in the Schedule of Property to OA.

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As per the averments in the application, the Applicant Bank ntno. lisa Proprietorship Firm represented nt no. 2 availed Cash credit Loan facility interest and executed necessary loan docutn$fiipuffDf,as At ent of Loan cum Hypothecation dated

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2 no-:v,r ,,,*qil-ff

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(oA. No. 36212026)

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29.11.2022 in favor of the Applicant Bank.^{The Defendants} enhanced the above mentioned^{loan facilities to Rs.49,95'0001} with interest and executed necessary loan^{documents such as} Supplemental Agreement of Loan cum Hypothecation^dated 16.12.2023 in favor of the Applicant Bank. After availing^the loan facility, the defendants failed to comply^{the terms of} sanction, hence the applicant bank^{classifiedthe accountas} NPA and issued Legal Notice dated 15.05.2026^{to the} defendants. lnspite of several requests and^demands,the defendants did not clear the outstanding.^{Hence this OA.}

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Defendants called absent and set exparte on^12.08.2026.

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Sri. Sudhakar Ratna Kadari, Chief Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 toA7.

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Heard the Ld. Counsel for the Applicant Bank.

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The point that arise for consideration is whether the^Applicant bank is entitled for the claim made in the OA against^the Defendants as prayed for?

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rte. To substantiate the case of the of the Applicant Bank was evant documents as Ex.A.1 to

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s;r.ffi_1$r

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(OA. No. 36212026)

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A.7. ln view of the above, I hold that the Applicant Bank has established their claim made in the OA against the Defendants and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

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ln the result, the present OA is allowed with costs, as under :

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The Defendants no. 1 and 2 are jointly and severally liable to pay to the Applicant Bank a total sum of Rs.53,46,449.00 Ps. (Rupees Fifty Three Lakhs Forty Six Thousand Four Hundred and Forty Nine Only) with future rate of interest @13.15%^{p.a from the date of filing of this applicationtill the} date of realization

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The Applicant Bank is entitled to proceed against the Hypothecated Movables as mentioned in the Schedule of Property to the OA towards realization of the debt due.

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The Applicant Bank is entitled to proceed against the person and properties of Defendant no. 2 and Properties of Defendant 11. ,ffi::::".:::,""^ " 1 3 t.tif, Nn .\i ,.il , .'.=, .""^t,V 4 ' ''',:-;:1.,'""1'31"'

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(OA. No. 36212025)

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The Applicant shall file a^{costmemowithin two weeks from the} date of receipt of order.

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lssue 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 pronounced by me in the open courton} this the 13t' day of Aug, 2026)

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sd/-

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(G. GOPICHAND) PRESIDING OFFICER

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E GOPY

State Bank of India v. Sri Krishna Filling Station

Case brief

What is this about?

What did the court decide?

State Bank of India v. Sri Krishna Filling Station

Case brief

What is this about?

What did the court decide?

What the court decided

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