The Debt Recovery Tribunal allowed the bank's original application for recovery. It held the respondents jointly and severally liable to pay a principal sum of Rs.48,91,321.29 plus future interest and costs.
Liability for Rs.48,91,321.29 with future interest @ 10.86% p.a., costs, and direction to issue Recovery Certificate.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRiBUNAL-IIAT HYDERABAD
DATED THIS THE 23RD DAY OF SEPTEN4BER,2024
PRESENT: SH, RAMESHWARKOTHE,B.COM.,L.LB. (HONS.), M.A. PRESIDING OFFICER
Original Application No: 917OF 2023
ICICI BANK LIII4ITED Gachibowli, ICICI Towers, Serilinga mpally Mandal, Ranga Reddy District. Rep. by its Authorized Signatory.
...Applicant
Versus
Age 42 Years, Occ: Self Employee, H.No.8-3-231/A/8/76, Sri Krishna Nagar, Yousufguda, Near Hanuman Temple, Hyderabad - 500045, T.S.
Also at:-
Ratna Kumar Bale, D/o. Prashant Kumar Bale, Age 42 Years, Occ: Self Employee, Flat No.1602, Tower 15, Prajay lvlega Polis, Kukatpa lly, Hyderabad - 500072, T.S.
(!<br>
...... Defendants
OA.No,917/2023
Cou nsel for the Applica nt Defendants
: lvl/s. G.Adrian Kiran Raj
:Ex-parte
:: qLLLR ::
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
fu*'u
oA.No.917l2023
3
Defendants arejointly andseverally liable to pay the OA claim to the Applicant Bankwith futureinterestand costs.
PRESIDING OFFICER
1 issue framed by the court
Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants?
ICICI Bank Limited
RK Enterprises
Ratna Kumar Bale
SH. Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
