The Tribunal held that the Applicant Bank established its claim for a personal loan originated under the Xpress Credit Elite Scheme.
The Defendant is liable to pay Rs. 22,57,779.00 plus future interest at 12.55% p.a. A Recovery Certificate is accordingly issued.
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 RECOVERY TRIBUNAL - IAT HYDERABAD DATED THIS THE 2oth DAY OF JULY, 2026
PRESENT: SRI GUMMADI cOPICHAND, PRESIDING OFFICER
OA. No. 76 OF 2026
Between :
State Bank of lndia, lsamia Bazar Branch, Opp. MotiMarket, Koti
Hyderabad, Telangana - 500027 Represented by its Deputy Manager
Applicant
VERSUS
Mr. Peddapaka Ramesh, S/o. Yesu Peddapaka, Aged About 42 years, Male, Occ : Track MNTR - l, Bonakal (BKL) Railway Station, Khammam District, Telangana. Emp No. 2421E08O002, R/o. H.No.8-53, Nagulavancha Station Colony, Nagulavancha, Chinthakani Mandal, Khammam District, Telangana - 507 2O8.
Also at - O/o. The Station Master, Bonakal Railway Station, Khammam Telangana - 507 2024 Defendant
(OA. No. 7612026)
Counsel for theparties:
For The Applicant Ajgal Ravi Babu For the Defendant Penta Prashanth Reserved on 01.07.2026 Pronounced on 20.07.2026 Upload in website on 20.07.2026
ORDER
As per the averments in the application, the ApplicantBank states that Defendant availed Personal loan underXpress Credit Elite Scheme of Rs.22,00,0001 repayable in72equated monthly installments of Rs.43,643/- p.m with interest @12.55o/op.a with monthlyrests and executed Personal Loan Ag .10.2023 in favor of the Applicant Bank. After ,the defendantfailed to comply the terms of sa the applicant bank classified the accountpsl JJf$ff 0* .2025 and issued Legal Notice ..' li . ^{,ih,*"*S'fl '-.:dffi?r"r9 -{*irl
(oA. No. 7612026)
dated 26.06.2025 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.
Sri. Penta Prashanth filed Vakalat on behalf of Defendant. WS of Defendant not filed and hence Defendant called absent and set exparte on 17 .O7.2026.
Sri. C. Prakash Reddy, Deputy Manager of the Applicant Bank examined himself as AW. 1 and exhibited relevant documents, which are marked as Ex.A.1 to A.9.
b.
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?
(oA. No. 7612026)
The Defendant is liable topay to the Applicant Bank a total sum oi Rs.22,57,779.00 Ps. ( Rupees Twenty Two Lakhs Fifty Seven Thousand Seven Hundred and Seventy Nine Only) with future rate of interest @12.55Yo p.a from 02.12.225 fll the date of realization
sd/-
(G. GOPTCHAND)
{% PRESIDING OFFICER
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1 issue framed by the court
Whether the Applicant Bank is entitled to recover the claimed amount against the Defendant?
State Bank of India, Istamia Bazar Branch
Mr. Peddapaka Ramesh
GUMMADI COPICHAND
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
