Allowed

State Bank of India v. Srivas Digital Flex Printing, Rep by Its Proprietor

DRT7 Jan 2026OA/958/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an application filed by the State Bank of India for recovery of a sum of Rs. 36,36,142/- from two defendants jointly and severally, with future interest and costs, as the defendants remained in default ex parte.

What did the court decide?

Defendants are liable to pay Rs. 36,36,142/- with future interest and costs to the applicant bank, and a recovery certificate shall be issued.

State Bank of India versus Srivas Digital Flex Printing, Rep… — Banking and Recovery | DRT (2026)

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: IN THE DEBTS RECOVERY TRIBUNAL.II^{AT HYDERABAD}

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DATED THIS THE OTTH DAY OF ]ANUARY,²⁰²⁶

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PRESENT: SH. RAIYESHWAR KOTHE,^{B.COM,,L'LB.(HONS'), M.A.}

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PRESIDING OFFICER

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Original Application No: 958^{OF 2025}

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State Ba nk of India., SMECC Bra nch, Cybera bad No.l2-6-39 / A/ 2F, Y lunction,^Kukatpally Hyderabad - 500072, Medchal^{lvlalkajglriDistrict.} Rep. by its Authorized Signatory.

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...Applicant

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Versus

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Srivas Digital Flex^Prlntin9., Rep by its ProPrietor, S-30,^{SBI Bank} Cellar, l,lohan^{Rao Colony, Balajl} Naga r, KaPra, Medchal^lvlalkajgiri District - 500087.

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Smt. D. Rajitha, w/o.sri.D.srinivas Major, Female, Proprietor^{of Srivas} Digital Flex Prlnting,^{R/o PIot No.144} Balaji Nagar,^{Kapra, Medchal Malkajgiri} District - 500087

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...... Defenda nts

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Counsel for the Applicant^{: I\4r. P. V. Satyanarayana} : Ex-Parte Defendants

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:: 9-L8-LL^::

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The Applicant^{Bank filed the presentOA for the recovery of a sum of} Rs,36,36,742/- from^{the defendantsjointlyand severallywith} future interest @!4.4o/o Q.a.^{monthly rests from the dateof} application till^{the date of realisation alonqwith costs rt'' ..}

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oA.No.958/2025

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Summons served on D1 and 2. They were set ex_parte en t5.12.2025 as called absent and no representation.

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The Applicant Bank examined V.Sai Rahul, Legal Manager as AW-1 and marked 06 documents through him as Ex. A.1to Ex. A.06.

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Heard the Ld. counsel for the Applicant Bank. perused the material placed on record.

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The point that arises for consideration is:_

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Whether the Applicant Bank is entiiled for the claim made in the OA against the Defendants?

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As stated supra, the Defendants remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.06 marked on beharf of the Appricant Bank crinches the craim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are join,y and severary riabre to pay the oA craim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.95B/2025 is allowed as under: -

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i) The Defendants are joinUy and severally liable to pay to the Applicant Bank a sum of Rs.36,36,142l_ with future interest @!2.4o/o p.a. simple, from the date of application till the date of realization;

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ii) the applicant bank is also entiiled to proceed against

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the person and properties^ .of the defendant for

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realization of its dues; ffiU

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OA.No.9s8l2025

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iii) the applicant bank is entiued for the costs.

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The Applicant Bank is directed to fire cost Memo within 2 weeks from the date of receipt of this Order.

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issue Recovery CertiFicate a cco rd in g ly.

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C^ommunicate a copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, iignua uno pronounced by me in the open court on this the 07rh day ol January,2026).

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.trl

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_ :

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(RAMESHWAR KOTHE) PRESIDING OFFICER

State Bank of India v. Srivas Digital Flex Printing, Rep by Its Proprietor

Case brief

What is this about?

What did the court decide?

State Bank of India v. Srivas Digital Flex Printing, Rep by Its Proprietor

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

Coram

Case details

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