State Bank of India v. Natural Colours
Case brief
What is this about?
, State Bank of India filed a transfer application seeking recovery of Rs. 2.59 crores from defendants admitted the claim. The Principal Officer allowed it.
What did the court decide?
Defendants jointly and severally liable to pay Rs. 2,59,08,211/- with interest; bank entitled to proceeds of hypothecated assets and defendant's properties.
What the court decided
IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD
DATED THiS THE 15TH DAY OF JUNE, 2026
PRESENT: SH. RAtvESHWAR KOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER
TRANSFER APPLICATIoN No: o1 oF 2026
State Bank of India, SlvlE Balkampet Branch, Royal Arcade, Balkampet Road, S.R. Nagar, H ydera ba d - 50003 8 Represented by its Chief Manage
.......Applica nt
Versus
1. Natural Colours
Represented by itsproprietor Ms. panwar Lalitha, Having its office at H.No.1-8-600/4 (B_9) F-4, Prakash Nagar, Begumpet, Hyderabad-500016
- Panwar Lalitha D/o Amar Singh, Wo Latith Singh Aged about 28 years, Occ: Business
H. No.1-8-600/4 (B-9)
.. . Defendants
Issues for consideration
2 issues framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated assets?
Whether the Applicants are jointly and severally liable to pay the debt to the bank.
Parties & counsel
- appellant
State Bank of India
- respondent
Natural Colours
- respondent
Panwar Lalitha D/o Amar Singh
Coram
Case details
As recorded by the court registry
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