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DEBT RECOVERY APPELLATE TRIBUNAL
Anil Kumar Srivastava, Chairperson
G. Sireesha – Appellant
Versus
State Bank of India – Respondent
| Table of Content |
|---|
| 1. facts of loan, npa, sarfaesi actions, deposits, ots settlement. (Para 2 , 3 , 4 , 5 , 6) |
| 2. appellant claims no adjustment consent; respondent asserts adjustment and estoppel. (Para 7 , 8) |
| 3. drt order permitted deposit adjustment; ots acceptance estops refund. (Para 9 , 10 , 11 , 12) |
| 4. prior judgments inapplicable; drt finding upheld, appeal dismissed. (Para 13 , 14 , 15) |
JUDGMENT
17 April, 2026
THE APPELLATE TRIBUNAL :
Instant appeal has been preferred against a judgment and order dated 14.02.2020 passed by Learned DRT-*1 Hyderabad in S.A. No. 20 of 2019 (Smt. G. Sireesha versus State Bank of India and others) along with I.A. No. 3361 of 2019 whereby Learned DRT dismissed the S.A.
2. As per the pleadings of the parties, the Appellant herein admittedly is a guarantor of a loan account sanctioned by the Respondent Bank in favour of the borrower M/s Delta De Aqua materials Pvt. Ltd. Loan account was classified as NPA on 01.03.2016. Demand Notice under Section 13(2) of the SARFAESI Act, 2002 was issued on 07.10.2016 for an amount of Rs.2,13,27,402/-. E-auction Sale Notice was also issued with a reserve price of Rs.42,79 lacs as far as the secured assets flat is concerne
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