State Bank of India, Kakinada, East Godavari Dist. A.P. vs K S BHAGWAN PROP of Ms K VENKANNAH, Chuurch Square, Jagannaickpur, Kakinada, East Godavari Dist. A.P.

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2025 Supreme(Online)(DRAT) 359

DEBT RECOVERY APPELLATE TRIBUNAL
Justice Anil Kumar Srivastava, CJ
State Bank of India, Kakinada, East Godavari Dist. A.P. – Appellant
Versus
K S BHAGWAN PROP of Ms K VENKANNAH, Chuurch Square, Jagannaickpur, Kakinada, East Godavari Dist. A.P. – Respondent

Advocates:
For the Appellants/Petitioners: Mr. Soudip Pal Chowdhury, Ms. Saswati Sikder
For the Respondents: Mr. A.K. Dhandhania, Mr. Prosit Deb, Ms. Sanchita Sarkar

Table of Content
1. background of the case and procedural history. (Para 1 , 2)
2. nature of credit facilities and guarantor claims. (Para 3 , 4 , 5)
3. defendant's admissions and claims regarding mortgage. (Para 6 , 7)
4. final judgment and order on appeal. (Para 8 , 40 , 43)
5. debates surrounding the validity of the mortgage. (Para 14 , 18 , 19)
6. examination of power of attorney's implications. (Para 21 , 22 , 23)
7. legal interpretation of power of attorney. (Para 24 , 26 , 28 , 29)
8. court's findings on the allegations concerning the mortgage. (Para 30 , 31 , 32 , 33)
9. conclusion on the validity of equitable mortgage. (Para 39 , 42)

The Appellate Tribunal

Instant appeal has arisen against the judgement and order dated 04.10.2017 passed by the learned DRT Visakhapatnam in O.A. No. 519 of 2002 [State Bank of India, Kakinada Vs. K.S. Bhagwan, Proprietor of M/s K.Vekannah& seven others] whereby learned DRT has allowed the O.A. for recovery of an amount of Rs. 18,38,306.50 along with 10% interest per annum pendente lite and future against defendant no.1, K.S. Bhagwan. However, O.A. was dismissed against defendant no.2, since deceased, represented by legal heir defendant no.5 to 8, and de

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2025 Supreme(Online)(DRAT) 359

DEBT RECOVERY APPELLATE TRIBUNALJustice Anil Kumar Srivastava, CJState Bank of India, Kakinada, East Godavari Dist. A.P. – AppellantVersusK S BHAGWAN PROP of Ms K VENKANNAH, Chuurch Square, Jagannaickpur, Kakinada, East Godavari Dist. A.P. – Respondent

Cases Referred (2)

DEBT RECOVERY APPELLATE TRIBUNAL
Justice Anil Kumar Srivastava, CJ
State Bank of India, Kakinada, East Godavari Dist. A.P. – Appellant
Versus
K S BHAGWAN PROP of Ms K VENKANNAH, Chuurch Square, Jagannaickpur, Kakinada, East Godavari Dist. A.P. – Respondent