Allowed

State Bank of India v. Mr. Erapa Rama Rao

DRT21 Apr 2026OA/79/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by State Bank of India for recovery of Rs. 21,23,892.00 plus future interest from the defendant, who failed to repay an Express Credit Loan. The bank was entitled to proceed against the defendant's properties.

What did the court decide?

Recovery of Rs. 21,23,892.00 with future interest at 10.90% p.a. and issuance of Recovery Certificate.

State Bank of India versus Mr. Erapa Rama Rao — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 21St DAY OF APRIL, 2026

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PRESENT: SRI GUMMAD! GOPICHAND, PRESIDTNG oFFIGER

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OA. No. 79 OF 2026

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Between :

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

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VERSUS

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Mr. Erapa Rama Rao, S/o. E. Neelam Aged 51 years, Occ. Plant Asst. (FM Grade - lV), Emp ld. 1072700, O/o. TSGENCO, KTPOS - V & Vt Stages, Paloncha, Bhadradri Kothagudem, Telangana-507 115.

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Also at -

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R/o. Q. No. BF - 69, lM Colony, KTPS, Paloncha, Bhadradri Kothagudem, Telangana -507 115. .Cl\ Defendant

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(OA. No. 7912025)

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Counsel for the parties :

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For The Applicant K. Narayana Rao For the Defendant Exparte Reserved on 20.04.2026 Pronounced on 21.04.2026 Upload in website on 21.04.2026

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ORDER

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TheApplicant Bank fired the present oAagainstDefendant for recovery of a total sum of Rs.21,23,g92.00 ps. (Rupees Twenty One Lakhs Twenty Three Thousand Eight Hundred and Ninety Two Onty) with future interest @1O.gO% p.a with monthry rests from the date of firing of oA tiil the date of realization.

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As per the averments in the application, the Applicant Bank states that Defendant avaired personar Loan under Xpress credit Limit of Rs.25,00,000/- repayabre in T2equated monthry installments of Rs.47,4sg/- with interest and executed personar Loan dated 28.12.2023 in favor of the Applicant loan facility, the defendant failed to ,^hence the applicant bank classified

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(OA. No. 7912025)

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the account as NPA on 26.11.2025 and issued Legal Notice dated 12.01.2026 to the defendant. lnspite of several requests and demands, the defendant did not clear the outstanding. Hence this OA.

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Defendant called absent and set exparte on 20.04.2026.

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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?

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Defendant remained exparte. To substantiate the case of the
Applicant Bank, AW.1, officiat of the Appticant Bank was
examined and he exhibited relevant documents as Ex.A.1 to 4.6.
ln view of the above, I hold that the Applicant Bank has
established their claim made in the oA against the Defendant and
hence the nt Bank is ehtitled to recover the claim made in
thez6 - ''s rest and costs.
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(OA. No. 7912026)

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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 Applicant Bank a total sum of Rs.21,23,892.00 Ps. (Rupees Twenty One Lakhs Twenty Three Thousand Eight Hundred and Ninety Two Onty) with future interest @10.90% p.a from the date of filing of OA tiil the date of realization.

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

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That Applicant Bank is entitted 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 1"t day ofApr, 2026)

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sd/-
(G. coPlcHAND)
PRESIDING OFFICER
rRuF cot3{P

State Bank of India v. Mr. Erapa Rama Rao

Case brief

What is this about?

What did the court decide?

State Bank of India v. Mr. Erapa Rama Rao

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

Statutes considered

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