Allowed

State Bank of India v. Mr. P. Sudheer Reddy

DRT3 Mar 2026OA/582/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of Rs. 20.97 lakhs. The bank established its claim via documentary evidence, and the Defendant was set ex-parte. The Tribunal directed payment with interest.

What did the court decide?

The Defendant is ordered to pay Rs. 20,97,141 along with interest at 11.80% p.a., and the Bank is entitled to costs and a Recovery Certificate.

State Bank of India versus Mr. P. Sudheer Reddy — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERYTRIBUNAL-I AT HYDERABAD

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DATED THIS THE 3RD DAy OF MARCH| 2026

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PRESENT: SRI GUMMADI GOPICHAND, PRESIDING OFFICER

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OA.No.582 ot 2025

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Between :

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State Bank of India, Parishrama Bhavan branch, Basheerbagh, Hyderabad Represented by its Chief Manager

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Applicant

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VERSUS

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Mr. P. Sudheer Reddy,

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S/o Mr. P. Pedda Srinivasa Reddy, Aged 33 years, Emp. 1DL3290452 Occ: Senior Software Engineer O/o Accenture Solutions Pvt Ltd, Divya Sree, Orion Tech Park, Raidurgam, Hyderabad - 500 032

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And also at:

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Flat no.201, Plot no.3651 F, Sai Krishna colony, Nizampet, Hyderabad - 500 090.

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Defendant

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Counsel for the Pa rties:

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For the Applicant ,j Sri K. Narayana Rao

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For the Defendant : Exparte , .; I Pronounced on ., 0 3 pAq nli *Y 03.03.2026 Uploaded in websitoon. 03.03.2026

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(OA. No.582/2025)

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ORDER

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The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.2O,97,7.41l- (Rupees Twenty Lakhs Ninety Seven Thousand One Hundred and Forty One only) with subsequent interest @ 11.80o/o p.a with monthly rests from date of application till the 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.48,616/from 01.09.2023. After availing the loan facilities, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NPA on 03.08.2025 and legal notice was issued on 13.10.2025. Inspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 20.02.2025.

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Sri M. Arjun, Chief Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1to A.6.

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03 ilAn2W .ji ril \i. ,.Yi fti

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(oA.No.s82l202s)

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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 was 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.A1 to 4.6. 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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B. In the result, the present OA is allowed with costs, as under: The Defendant is liable to pay to the Applicant Bank a total sum of Rs.2O,97,L41,/- (Rupees Twenty Lakhs Ninety Seven Thousand One Hundred and Forty One only) with subsequent interest @ 11.80% p.a from date of application till the date of realization.

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The Applicant Bank is also entitled to proceed against the person and 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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Th memo within two weeks from the date

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(oA.No.582 l2o2s)

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t2. Issue 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 3'd day of March,2026)

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(G. GOPTCHAND)

PRESIDING OFFICER

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State Bank of India v. Mr. P. Sudheer Reddy

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. P. Sudheer Reddy

Case brief

What is this about?

What did the court decide?

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