State Bank of India v. Prakash
Case brief
What is this about?
DRT allowed the bank's application for a Recovery Certificate despite the defendant's ex-parte appearance, finding the loan documents and default evidence admissible. Interest rate was reduced to 8% p.a.
What did the court decide?
Recovery of Rs. 74,66,523/- with 8% p.a. simple interest; Recovery Certificate drawn and transferred for execution against personal assets and secured property.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL II, KARNATAKA AT BENGALURU
Dated this 31st Day of July, 2026
Present: Sri. T. RAJESH Presiding Officer
OA. No.78/2024
BETWEEN:
State Bank of India Its branches at various places Including SPL Housing Finance Branch 2nd Floor, 26th Main, 4th T Block, Jayanagar, Bangalore-560041 Rep. by its Chief Manager … APPLICANT
AND:
Sri. Prakash H S/o. Late Harikrishna R Aged about 35 years R/at.No. 24, Ramanna Lane Patalamma Temple Street, Adugodi, Bangalore South-560030
Also at
EMP ID 64138 The Uuman Resources Capgemini Business Services (India) Pvt. Ltd., Brigade Metropolis, Summit Tower ‘A’ 73/1, Garudacharapalya, Mahadevapura Post, White filed main road, Bangalore-560048
Also at Flat No.403, Fourth Floor, SLV Prinss apartment Mylasandra village, Kengeri Hobli, Bangalore south Taluk – 560060
Issues for consideration
2 issues framed by the court
Whether the applicant had succeeded in proving the OA claim as against the defendant?
What order are to be passed?
Parties & counsel
- applicant
State Bank of India
- respondent
Sri. Prakash H
Coram
T. RAJESH
Case details
As recorded by the court registry
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