Allowed

State Bank of India v. Mrs. Nakshtra Enterprises

DRT9 Jan 2026OA/529/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an Original Application filed by State Bank of India against M/s. Nakshtra Enterprises for recovery of a loan worth Rs. 23,23,304.00 along with future interest and costs after finding the bank's claim established on documents.

What did the court decide?

Recovery of Rs. 23,23,304.00 with future interest at 12.40% p.a., costs of proceedings, and issuance of Recovery Certificate.

State Bank of India versus Mrs. Nakshtra Enterprises — Consumer Protection | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL - ! AT HYDERABAD DATED THIS THE^gth DAY OF JANUARY,2O26

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PRESENT: SRI cUMMAD| cOpICHAND, pREStDtNG OFFtcER

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OA. No. 529 OF 2025

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Between :

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State Bank of lndia, SARB - ll, Chikkadapalty, Hyderabad. Represented by its Chief Manager Applicant

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VERSUS

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M/s. Nakshtra Enterprises, Rep. by its Proprietor, Mr. T. Tirupathaiah, H.No. 3-118121F110, NtN Cotony, Bheem Reddy Nagar, Boduppal, Medchal- Malkajgiri District Telangana - 500 092

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Defendant

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Counsel for the parties :

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Mr. A.M.Kiran Kumar Exparte 06.01.2026 09.01.2026 0:9.01.2026

(oA. No. s291202s)

ORDER

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.23,23,304.00 Ps. (Rupees Twenty Three Lakhs Twenty Three Thousand Three Hundred and Four Only) with future interest @ 12.40% p.a with monthly rests from the date 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 states that Defendant availed Cash credit limit of Rs.20.00 Lakhs with interest @ 10.00% p.a with monthly rests and executed Agreement of Loan cum Hypothecation dated 18.10.2023 in favor of the Applicant Bank. The Defendant renewed the above mentioned loan facility from time to time. After availing the loan facility, the defendant failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on 13.02.2025 and issued Legal notice dated 26.09.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

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absent and set exparte on 06.01.2026.

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Rao, Chief Manager of the Applicant Bank as AW.1 and exhibited relevant documents, Ex.A.1 to A.9.

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(oA. No. s291202s)

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5. 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 Defendant as prayed for?

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Defendant called absent and set exparte. To substantiate the case of the Applicant Bank, AW.1, official of the Applicant Bank was examined and he exhibited relevant documents as Ex.A.1 to A.9. ln view of the above, I hold that the Applicant Bank has established their 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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ln the result, the present OA is allowed with costs, as under :

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The Defendant is liable to pay to the Applicant Bank a total sum of Rs.23,23,304.00 Ps. (Rupees Twenty Three Lakhs Twenty Three Thousand Three Hundred and Four Only) with future interest @ 12.40% p.a from the date of this application till the date of realization.

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

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(oA. No. s291202s)

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

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That Applicant Bank is entitted 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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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 court on this the^gh day ofJan,2026)

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sd/(G. coPtcHAND) PRES!DING OFFICER

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State Bank of India v. Mrs. Nakshtra Enterprises

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mrs. Nakshtra Enterprises

Case brief

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What did the court decide?

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