Allowed

State Bank of India v. Mr. D. Ankarao

DRT3 Feb 2026OA/594/2025

Case brief

AI extract

What is this about?

The DT admitted the Applicant Bank's claim for recovery of a personal loan of ₹25,05,576.00 with future interest. The court allowed the Original Application against the defendant, who remained ex parte, and directed the issuance of a Recovery Certificate.

What did the court decide?

Recovery of ₹25,05,576.00 with future interest at 11.15% p.a. and issuance of Recovery Certificate.

State Bank of India versus Mr. D. Ankarao — Banking and Recovery | DRT (2026)

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IN THE DEBTS^{RECOVERYTRIBUNAL- I AT HYDERABAD} DATED^{THIS THE O3'dDAY OF FEBRUARY,2026}

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PRESENT:^{SRI GUMMADI GOPICHAND, PRESIDING OFFICER}

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OA. No. 594^{OF 2025}

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Between^:

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State Bank^{of lndia'} Vidyanagar^Branch, H.No.^{1 -8-7-214, VidYanagar,} Hyderabad,^Telangana -^{500 044} Applicant Represented^{bY its DY' Manager}

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VERSUS

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Mr. D. Ankarao, S/o. Naraiah, Aged about³⁸ Years'^Male, Occ. Employee,^{South Central railway'} R/o. h.No.8-53,^{KaravadiPost,} Podili, Prakasam^District, Andhra Pradesh -523344

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Defendant

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Counsel for^the Parties^:

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For The^APPIicant AjgalRavi^Babu Exparte For the^Defendant 27.01.2026 Reserved^on .02.2026 Pronounced^on Upload in " 03 rrs * .02.2026

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(oA. No.594l202sl

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ORDER

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The Applicant^{Bank filed the present OA against Defendant for} recoveryofatotalSumofRs.25,05,576.00Ps.(Rupees Twenty Five^{Lakhs Five Thousand Five Hundredand} Seventy Six^{Only) with future interest at contractual rate of} interest @11.15o/o^{p.a with monthlyrests from 12.11'2025 till} the date of^realization.

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As per the^{avermentsin the application, the Applicant Bank} states that^{Defendant availed Personal Loan under Xpress} credit Elite Limit^{of Rs.2S,OO,OOO/-repayable in 72 equated} monthly installments^{of Rs.47 ,778t- with interest @11'15%p'a} with monthly^{rests and executedPersonal Loan Agreement} dated 06.01^{.2023 in favor of the Applicant Bank' After availing} the loan^{facility,the defendantfailed to comply the terms of} sanction,^{hence the applicantbank classified the account as} NPA on^{04.02.2025 and issued Legal Noticedated} 27.10.2025^{to the defendant. lnspite of several requests and} demands,^{the defendantdid not clear the outstanding' Hence this} oA.

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and set exParte^{on 27 .01.2026'}

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(oA. No. s94l202s)

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Sri. D. Nagendar,^DePutY Manager of the^{APPlicant Bank} and exhibited^{relevantdocuments,} examined^{himself as AW.1} which are^{marked as Ex'A1} to A.8.

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

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consideration^{is whether the Applicant} 6. The point that^{arise for} claim made in^{the OA againstthe} bank is entitled^{for the} Defendant^as PraYed^for?

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Defendant^{remained exparte. To substantiate the case of the} Applicant Bank,^{AW.1, official of the Applicant Bankwas} examined^{and he exhibited relevant documents as Ex'A'1 to A'8'} lnviewoftheabove,lholdthattheApplicantBankhas established^{their claim madein the OA against the Defendant and} hence the^{Applicant Bank is entitled to recover the claim made in} the OA with^{futureinterest 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 ApplicantBanka total sum} of Rs.25,05,576.00^{Ps. (RupeesTwenty Five Lakhs Five} Hundred and^{Seventy Six Only)with future} rate of interest @11.15% P.a from realization. )*uffi,,i3

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(oA. No. ss4l2o25l

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The Applicant Bank is^{entitled to proceed against the person} and^properties of^{Defendant towardsrealizationof the debt} due.

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That 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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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 03rd daY^{of Feb, 2026)}

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sd/(G. GOPICHAND)

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PRESIDING OFFICER

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Ji*:i ^ 03FEB2020 *
i"i i!

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State Bank of India v. Mr. D. Ankarao

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. D. Ankarao

Case brief

What is this about?

What did the court decide?

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