The Debts Recovery Tribunal allowed the originally filed Original Application filed by the State Bank of India for recovery of Rs. 21,30,485.00 along with future interest and costs against the Defendant who failed to repay a personal loan.
Recovery of Rs. 21,30,485.00 with future interest and costs; issuance of Recovery Certificate.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 13th DAY OF JANUARY, 2026 PRESENT: sRl cuMMADt coptcHAND, pREStDING oFFtcER
OA. No. 548 OF 2025
Between:
State Bank of lndia, Saidabad Branch, H. No. 17 -2-586, Madan napet, Saidabad Main Road, Hyderabad, Telangana - 59. Represented by its Branch Manager
Applicant
VERSUS
Mr. Dharmvir Kumar, S/o. Umesh Paswan, Aged 39 years, Occ: Tech (Fitter) - ll, Tenali ")rks Office, South Coast Railway Zone, Emp. N 2441Ga40875 R/o. Ql x. No. 821B, Railway Quarters, Chenchupeta, Tenali, Andhra Pradesh - 522202 Also at - O/o. Senior Section E Railway, #61-6, lndira Chenchupet, T Andhra Pradesh
Defendant
(oA. No. s48/202s)
Counsel for the parties :
For The Applicant Ajgal Ravi Babu For the Defendants Exparte Reserved on 09.01 .2026 Pronounced on 13.01 .2026 Upload in website on 13.01 .2026
ORDER
As per the averments in the application, the Applicant Bank states that Defendant availed personal Loan under Xpress credit Elite scheme of Rs.24.00 Lakhs repayable in 72 equated monthly installments of Rs.46,361t- p.m with interest @11.ss% p.a with monthly rests and executed *Personal loan Agreementdated 0s.10.2023 in favor of the ; Applicant Bank After availing the toan facility, the defendant nti":iflitffirptythe terms of sanction, hencethe appticantbank 'cJassified the . account as NpA on 05.04 .202s and issued
(oA. No. 548/2o2sl
Legal notice dated 06.05.2025 to the defendant. tnspite of severat requests and demands, the defendant did not ctear the outstanding. Hence this OA.
- Defendant called absent and set exparte on 0g.01 .2026.
sri. Aravind Abdeshi, Assistant Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A. 1 to A.T.
(oA. No. s48/202s!.
The Defendant is liable to pay to the Applicant Bank a totat sum of Rs.2{,30,485.00 Ps. (Rupees Twenty one Lakhs Thirty Thousand Four Hundred and Eighty Five only) with future interest @11.55% p.a from 29.10.2025 till the date of realization.
transcribed by her, corrected, signed and pronounced by me in the open court on
!3jh . Oay of Jan,2O26
.:, t:.,i
,- '"
{{ " 1t JAN
i\rl
sd/-
(G. coPlcHAND)
.ilRllE1G oWs PRESIDING OFFICER
> ,1,'
, ,-/.
i(r.grtq"- -Arrtl#;:*
ntlt. .t"'-
4
2 issues framed by the court
Whether the Applicant bank is entitled to recover the loan amount along with future interest and costs against the Defendant?
Whether the recovery certificate should be issued against the defendant?
2 provisions across 2 enactments
State Bank of India, Saidabad Branch
Mr. Dharmvir Kumar
Sri Cummad Copychand
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
