Allowed

State Bank of India v. Mr. Gollapudi Ravi Kumar

DRT9 Feb 2026OA/603/2025

Case brief

AI extract

What is this about?

Upon setting off the defendant in absentia and examining the plaintiff bank officer, the Tribunal held the bank established its claim and allowed the Original Application for recovery of a personal loan principal plus future interest and costs.

What did the court decide?

Defendant liable to pay Rs. 23,03,203.00 with future interest @11.75% p.a. from date of filing; direction to issue Recovery Certificate.

State Bank of India versus Mr. Gollapudi Ravi Kumar — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL - IAT HYDERABAD DATED THIS THE Ogth DAY OF FEBRUARY, 2026

¶2

PRESENT: SRI cUMMADI cOPICHAND, pREStDtNG OFFTCER

¶3

OA. No. 603 OF 2025

¶4

Between:

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State Bank of lndia, Parishrama Bhavan Branch, Basheerabagh, Hyderabad. Represented by its Chief Manager

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Applicant

¶7

VERSUS

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Mr. Gollapudi Ravi Kumar, S/o. G. Poornachandra Sarma, Aged 48 years, Occ. Associate Consultant, Emp ld. 51431292, O/o. HCL, Technologies Limited, H-018, Level 1,2 & 3, Avinash Hitech City, Survey No. 30, 34, 35 & 38 parts, Gachibowli Village, Hyderabad - 500 008.

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Also at -

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R/o. Flat No. 102, Vissen Plaza, Block - A, . Road No.68, Bandari Layout Nizampet, Bachupally,.: -, r^':' ."iri Hyderabad - 500 009. ;;" Defendant ., {.f B^g FIB ilT2$

¶11

(oA. No. 603/202s)

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Counsel for the parties :

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For The Applicant K. Narayana Rao For the Defendant Exparte Reserved on 02.02.2026 Pronounced on 09.02.2026 Upload in website on 09.02.2026

¶14

ORDER

¶15

The Applicant Bank filed the present OA against Defendant for recovery of a total sum of Rs.23,03,203.00^ps. (Rupees Twenty Three Lakhs Three Thousand Two Hundred and Three Only) with future interest @11.15% p.a with monthly rests from the date of filing of OA till the date of realization.

¶16

As per the averments in the application, the Applicant Bank states that Defendant availed Personal Loan under Xpress Credit Limit of Rs.24,00,000/- repayableinT2 equated monthly installments of Rs.46,6101 with interest and executed personal Loan Agreement dated 28.06.2023 in favor of the Applicant Bank. After.gyailing the loan facility, the defendant failed to ,^hence the applicant bank classified 28.03.2025 and issued Legal Notice

¶17

B^g FEB XT2[

¶18

(oA. No. 6031202s1

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dated 21.04.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

¶20

Defendant called absent and set exparte on 02.02.2026.

¶21

sri. M. Arjun, chief Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to 4.6.

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Heard the Ld. Counsel for the Applicant Bank.

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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?

¶24

Defendant remained 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.A.1 to A.6. ln view of the above, ! 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.

¶25

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¶26

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¶27

(oA. No. 603/2025)

¶28

ln the result, the present OA is allowed with costs, as under ;

¶29

The Defendant is riabre to pay to the Appricant Bank a totar sum of Rs.23,03,203.00^ps. (Rupees Twenty Three Lakhs Three Thousand rwo Hundred and rhree onry) with future interest @11.75%^{p.a from} the date of fiting of OA tiil the date of realization.

¶30

The Applicant Bank is entifled to proceed against the person and properties of Defendant towards rearization of the debt due.

¶31

That Applicant Bank is entifled 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 09ih day of Feb, 2026)

¶36

A
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¶37

sd/-
(c. coPlcHAND)
PRESIDING OFFICER

¶38

onr-L XVAeRaaac.

State Bank of India v. Mr. Gollapudi Ravi Kumar

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Gollapudi Ravi Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

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