Allowed

State Bank of India v. Mr. Bhaskar Illuri

DRT6 Mar 2026OA/579/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the applicant bank's objection application against the defendant who was absent. The court held that the bank established its claim based on exhibits and ordered the recovery of the outstanding loan amount with future interest and costs.

What did the court decide?

The OA is allowed; defendant to pay Rs. 24,24,190/- with interest at 10.65% p.a. from 12.11.2025; recovery certificate issued.

State Bank of India versus Mr. Bhaskar Illuri — Contract and Commercial Disputes | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-I AT HYDERABAD

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DATED THIS THE 6TH DAY OF MARCH, 2026

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA.No.579 ot 2025

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Between:

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State Bank of India, Vidyanagar Branch, H. No. 1-B-7-2 / 4, vidyanagar, Hyderabad, TS - 500 044. Represented by its Dy. Manager

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Applicant

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VERSUS

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Mr. Bhaskar Illuri, S/o Bhaji Rao, aged 44 yearc, Male, occ: Track Maintener-I, Rayanapadu Railway station, R/o H.No.30-555A, Gandhi Nagar, Nandyal, Nandyal dist - 518 502.

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Defendant

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For the Applicant Sri Ajgal Ravi Babu For the Defendant Exparte Reserved on 03.03.2026 Prnnnrrncer{ onnn 06.03.2026 website on 06,03.2026 ,rrs

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of a total sum of Rs.24,24,L9Ol- (Rupees Twenty Four Lakhs Twenty Four Thousand One Hundred and Ninety only) with

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(oA.No.s79l202s)

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interest @ 10.650/o^{p.a with monthly rests from 12.11.2025 till the}

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date of realization.

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As^per the averments^{in the application,the Applicant Bank states that} defendant availed^{Xpress Credit loan facility of Rs,25'00 lakhs and} agreed to repay^{in 72 EMIs with a monthly installment of Rs'47,t391'} from 29.12.2023.^{After availing the loan facilities,the defendants} failed to comply the^{terms of sanction,hence the applicantbank} classified the account^{as NPA on 27.02.2025and legal notice was} issued on 27.t0.2025.^{Inspiteof several requests and demands, the} defendants did^{not clear the outstanding. Hence this OA'}

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

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Sri D. Nagender,^{Dy. Manager of the Applicant Bankexamined himself} asAW,landexhibitedrelevantdocuments,whicharemarkedas Ex.A.1to A.9.

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

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The^point that^{arise for consideration is whetherthe Applicant Bank is} entitled for the^{claim made in the oA against the Defendantas prayed}

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for?

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To substantiate the case of the APPlicant Applicant Bank was examined and^he

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(oA.No.s791202s)

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exhibited relevant documents as Ex.A1 to A.9. In 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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In the result, the^present OA is allowed with costs, as unden The Defendant is liable to^pay to the Applicant Bank a total sum of Rs.24t24l9ol- (Rupees Twenty Four Lakhs Twenty Four Thousand One Hundred and Ninety only) with interest @ 10.65% p.a from 12.1L.2025 till the date of realization.

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The Applicant Bank is also entitled to^proceed against^{the personand} properties of defendant towards realization of the debt due.

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The Applicant Bank is entitled 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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Issue Recovery certificate accordingly.

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1. Communicate a copy of the order to the parties concerned.

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by her, corrected, signed and^pronounced by me in the open court on

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sdl(G. GOPTCHAND) PRESIDING OFFICER l',vnEpABAD.

State Bank of India v. Mr. Bhaskar Illuri

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Bhaskar Illuri

Case brief

What is this about?

What did the court decide?

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