The Debts Recovery Tribunal allowed the applicant bank's Original Application claiming recovery of a personal loan of Rs. 24,28,186/- plus interest, as the defendant remained absent and the bank substantiated its claim through produced documents.
Defendant to pay Rs. 24,28,186/-. Bank entitled to costs and proceed against defendant's properties.
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 RECOVERYTRIBUNAL.I AT HYDERABAD
DATED THIS THE 2I{D DAY OF APRIL, 2025
PRESENT: SRI GUMMADI GoPICHAND, PRESTDING oFFICER
OA.No.6O1 ot 2O2S
Between:
State Bank of India, Parishrama bhavan branch, Basheerbagh, Hyderabad. Represented by its Chief Manager
Applicant
VERSUS
Mr. Mareedu Ajay,
S/o Venkata Koma Raju,
Aged 30 years, occ: senior software Engineer, O/o value labs solutions LLP Phonex Info City Pvt Ltd, Hitech city-2, Gachibowli, Hyderabad - 500 032.
And also at:
R/o H. No. 12- 6-36/ Al t /D, Venkaiah Heights, Pragathi nagar, Moosapet, road no.10, Hyderabad - 500 032 And also at flat no.201, Shiva Shankar Apartment, H.No. 17-125l13, Srinivas Talkies Road, Sathupalli town, Khammam, Telangana - 507 303.
Defendant
Counsel for the Parties:
For the Applicant Sri K. Narayana Rao Defendant Exparte Reserved on 27.03.2026 Pronounced 02.04.2026 2 npR ?oza Uploaded 2.04.2026
(oA.No.601l202sl
ORDER
(oA.No.501/202s)
(oA.No.601/202s)
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(G. GOPTCHAND)
PRESIDING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled to the claim made against the Defendant as prayed for in the OA?
State Bank of India
SRI GUMMADI GOPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
