Allowed

State Bank of India v. Mr. Ramana . M

DRT20 Jan 2026OA/444/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Application filed by State Bank of India for recovery of Rs. 26,33,447 due from the defendant for home loan default. The court held the defendant liable to pay the sum with future interest and issued a recovery certificate.

What did the court decide?

Recovery of Rs. 26,33,447 with future interest at 10.25% per annum; issuance of Recovery Certificate.

State Bank of India versus Mr. Ramana . M — Specific Performance | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - IAT HYDERABAD DATED THIS THE 2oth DAY OF JANUARY,2026 PRESENT: SRt cUMMAD| GOPICHAND, pREStDtNG OFFTCER

¶2

OA. No. 444OF 2O2S

¶3

Between:

¶4

State Bank of lndia, SARB - tt, Chikkadapaily, Hyderabad Represented by Chief Manager

¶5

Applicant

¶6

VERSUS

¶7

Mr. Ramana M, S/o. Mr. Chinnasubbaiah, Male, Aged Major, R/o. Flat No. 106D, Lotus Homes, Ahmedguda V, Keesara M, Nacharam lndustrial Area, Medchal Matkajgiri, Telangana - 501 301

¶8

Defendant

¶9

Counsel for the parties :

¶10

For The Applicant Mr. A.M. Kiran Kumar For the Defendant Exparte Reserved on : 19.01.2026 Pronounced on : 20.01.2026 Upload in website on : 20.01.2026 : 7 [ 'rl'^':"'r'

(oA. No. a4412s25y

ORDER

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.26,33,447.00 ps. (Rupees Twenty six Lakhs Thifi Three Thousand Four Hundred and Fofi Seven Only) with future interest @ 10.25% p.a with monthry rests from the daye of this apprication ti, the date of realization and in default for sale of Mortgage property as mentioned in the Schedule property to OA.

¶16

As per the averments in the application, the Applicant Bank states that the Defendant availed Home loan facilities of Rs.23,40,000/- repayable in 240 monthly installments with interest @9.25% p.a with monthry rests and executed Memorandum of Loan agreement for Home Loan granted to Public dated 20.09.2022 in favor of the Appticant Bank. The Defendant created equitable mortgage morefully mentioned in Schedule of property to OA and executed Agreement to mortgage dated 20 09.2022 and deposited tifle deeds and executed Confirmation Letter of equitable Mortgage dated 17.10.2022. After avaiting the loan facitity, the defendant faited to comply the terms of sanction, hence the applicant bank classified the account as NpA on 0g.0g.2024 and issued Demand notice dated g.Og.2O24 under section 13(2) of the SARFAEST Act,2OO2 and Legat Notice dated 14.08.2025 to the defendant. The Appricant Bank issued possession notice dat6d 25.10.2024 under SARFAEST proceedings to the

¶17

2 -i : 2 0 J[t{ 2i116 '},, . a.^{' 'j}

¶18

(oA. No. 4a4/z12sl

¶19

Defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

¶20

Defendant called absent and set exparte on 19.01 .2026.

¶21

Sri. Pradeep Dakey, Chief Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.12.

¶22

Heard the Ld. Counsel for the Applicant Bank.

¶23

o. The point that arise for consideration is whether the Applicant bank is entifled for the claim made in the OA against the Defendant as prayed for?

¶24

Defendant remained exparte. To substantiate the case of the Applicant Bank, AW.1, officiat of the Applicant Bank was examined and he exhibited relevant documents as Ex.A.1 to 4.12. ln view of the above, I hold that the Applicant Bank has estabrished their claim made in the oA against the Defendant and hence the Appricant Bank is entiiled to recover the craim made in the OA with future interest and costs.

¶25

¶26

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

¶27

The Defendant is liable to pay to the Applicant Bank a total sum of Rs.26,33,447.00 ps. (Rupees Twenty Six Lakhs Thirty Three Thousand Four Hundred and Fofi Seven Only) with future interest @ 1O.2So/o p.a from the date of this application till the date of realization

¶28

*
7 20 .:!ti! i!g{:

¶29

(oA. No. 444/2o2sl

¶30

The Applicant Bank is entifled to proceed against the Mortgaged Property as mentioned in the schedule of property to the oA towards realization of the debt due.

¶31

The Applicant Bank is arso entifled to proceed against the person and properties of defendant towards realization of the debt due.

¶32

That Applicant Bank is entifled to the costs of the oA.

¶33

The Applicant shail fire a cost memo within two weeks from the date of receipt of order.

¶34

lssue Recovery Certificate accordingly.

¶35

communicate a copy of the order to the parties concerned.

¶36

(Dictated to the PA', transcribed by her, corrected, signed and pronounced by me in the open courton this the 20th day of Jan, 2026)

¶37

sd/(c. coPtcHAND)

¶38

PRESIDING OFFICER

¶39

/1S,r
,b
Ir
I 2 0 ,lAtrl 7W6
--i,
'"..$

¶40

trw4%
,#,#wo,

¶41

State Bank of India v. Mr. Ramana . M

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Ramana . M

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

Similar cases

State Bank of India versus Basa Technologies Private Limited

Union Bank of India versus Smt. Akkishetty Sreelatha

p srinivasulu versus Cholamandalam Investment and Finance Company Limited

Gaddam Saritheshwar Rao versus Karur Vysya Bank

State Bank of India versus Mr. Mohammad Hameed

Union Bank of India versus Mrs. Chaduvula Thirupathamma