Allowed

State Bank of India v. M/S. Isha Waste Recylers

DRT1 Apr 2026OA/93/2026

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 debts, interest, and costs against two defendants who defaulted on term loan and cash credit facilities, validating the bank's claim based on documentary evidence.

What did the court decide?

Recovery of Rs. 28,44,700/- and Rs. 3,43,432/- with future interest at 11.05% p.a., costs, and permission to sell hypothecated property.

State Bank of India versus M/S. Isha Waste Recylers — Banking and Recovery | DRT (2026)

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IN THE DEBTS^{RECOVERYTRIBUNAL-I AT HYDERABAD}

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DATED THIS^THE lSI^{DAYOF APRIL, 2026}

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PRESENT: SRI^{GUMMADI GOPICHAND,PRESIDING OFFICER}

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OA.No.93 of 2026

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Between:

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State Bank of^India, SARB-II, ChikkadPallY, RTC cross roads,^HYderabad Telangana - 500^020. Represented bY^{its Chief Manager}

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APPlicant

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VERSUS

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M/s. Isha Waste^Recylers, Represented bY^{its ProPrietor} Mr. D. Swaraj,^{SY.No.271la-18,} Narsingapur,^mancherial

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Telangana - 504^207.

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Also at:

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H.No.9-74110/1,^{New ReddYcolonY,} Near charitha^{garden, Narsinghapur} Coal chemical^comPlex,

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Mancherial, Adilabad -^{504 302.}

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Sri Duguta^Shankar, H.no.9-741 LOl1,^{New Reddy} Colony, Near^{Charitha garden,} Narsingapur,^{CoalChemical complex,} Mancherial, Adilabad -^{504 302'}

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Defendants

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Counsel for^{the Parties:}

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Sri A.M.^{Kiran Kumar} For the Applicantthe ApplicantApplicant Defendants Reserved on '0Jp4.2026 Pronounced on ?t!2fr oj joo.roru Uploaded in^{websiJ" ol npn:}

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For the Applicantthe ApplicantApplicant

Defendants

(oA.no.93/2026)

ORDER

1, The Applicant^{Bank filed the present OA against Defendants for} recovery of a total^{sum of Rs.31,88,132l- (RupeesThirty One} Lakhs Eighty^{Eight Thousand One Hundred and ThirtyTwo only)}

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i.e.,

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a) A sum of^{Rs.28,44,700/- with future interest @ 11'05o/op'a with} monthlyrestsfromdateofapplicationtillthedateofrealization;

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b) A sum of^{Rs.3,43,432l-with future interest @ 11'05o/o p'a with} monthlyrestsfromdateofapplicationtillthedateofrealization; and in default for^{sale of hypothecatedproperty as mentionedin} the schedule to^OA.

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As^per the^{avermentsin the application, the Applicant Bankstates that} defendant no'1^{represented by its proprietor Sri D' Swaraj availed} termloanofRs.42lakhsandcashcreditofRs.l0lakhsand hypothecated the^{machinery as mentionedin the schedule to OA'} Defendant no.2^{stood as guarantor and executed guarantee} agreement.Afteravailingtheloanfacilities,thedefendantsfailedto comply the^{terms of sanction, hence the applicant bank classified the} accountaSNPAon2g,OT,2O24andissuedlegalnoticedated requests and demands,^{the defendants}

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07.t|

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Hence this OA. did

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exparte on^17.03.2026.

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(oA.no.93/2026)

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Sri D. Naga Prasad, Manager^{of the ApplicantBank examined himself} as AW.1 and exhibited^relevant documents,^{whichare marked as} Ex.A.1 to A.13.

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Heard the Ld. Counsel^{for the Applicant Bank.}

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The^point that arise^{for consideration is whetherthe Applicant Bank is} entitled for the claim^{made in} the^{OA against the Defendantsas} prayed for?

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Defendants remained exparte.^{To substantiatethe case of the} Applicant Bank, AW.1, official^{of the Applicant Bank was examinedand} he exhibited relevant documents^{as Ex.A1 to A'13. In view of the} above, I hold that^{the Applicant Bank has establishedtheir claim made} in the OA against the^{Defendants and hence the Applicant Bankis} entifled to recover the^{claim made in the oA with future interestand} costs.

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In the t The De Bank a

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Eighty

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,700/-^{with future interest@ 11.05o/o p.a from} till the date of realization;

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(oA.no.93/2026)

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b) A sum of Rs.3,43,432/-^{with future interest @ 11.05o/o p.a from} date of application till the date^{of realization;}

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The Applicant^{Bank is entitled to proceed against the hypothecated} property as mentioned in the schedule^{to OA towards realisation of} the debt due.

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The Applicant^{Bank is also entitled to proceed against the personand} properties of defendants towards^{realization of the debt due.}

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The Applicant^{Bank is entitled to the costs of the oA.}

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LZ. The Applicant^{shall file a cost memo withintwo weeks from the date} of receiPt of order.

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Issue Recovery^{certificateaccordingly.}

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L4. Communicate^{a copy of the order to the parties concerned.}

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(Dictated to the P.A., transcribed^{by her, corrected,signedand pronouncedby mein the opencourt on} this the^1st daY^{of APril, 2026)}

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sdl(G. GOPICHAND) PRESIDING OFFICER

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DRT'I,l'lrr "'

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State Bank of India v. M/S. Isha Waste Recylers

Case brief

What is this about?

What did the court decide?

State Bank of India v. M/S. Isha Waste Recylers

Case brief

What is this about?

What did the court decide?

What the court decided

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Issues for consideration

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