Allowed

Icici Bank Limited v. Ifthekhar Ahmed Mohammed

DRT13 Nov 2025OA/277/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Original Application filed by ICICI Bank Limited for recovery of dues from the defendant. Being in default, the defendant was ex-parte. The tribunal held the defendant liable to pay the claimed sum with interest.

What did the court decide?

The defendant is liable to pay Rs.34,29,244 with future interest @10.35% p.a. simple from the date of application till realization; costs awarded; Recovery Certificate issued.

Icici Bank Limited versus Ifthekhar Ahmed Mohammed — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 13TH DAY OF NOVEMBER, 2025

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L,LB. (Hons.), M.A. PRESIDING OFFICER

¶3

Original Application No: 277 OF 2025

¶4

ICICI Bank Limited., Gachibowli, ICICI Towers Serilingampally Mandal, Ranga Reddy District. Rep. by its Authorised Signatory.

.....Applicant

Versus

Ifthekhar Ahmed Mohammed, S/o. Shaik Ahmed Mohammed, Aged 42^years Occ: Self Employee, R/o.H.No.1-8-501/3 Vikhar Nagar, Opp to Sohail Caf6, Begumpet Hyderabad - 500003, TS.

¶9

Rlso at,-

¶10

Ifthekhar Ahmed Mohammed, S/o. Shaik Ahmed Mohammed, Aged 42 years Occ: Self Employee, O/o. Avance Consulting pvt Ltd., Life Style Building, 4th Floor, Begumpet Road Hyderabad - 500016, TS.

¶11

......Defendant

¶12

,_ ." Counsel for the Applicant : M/s. G. Adrian Kiran Raj Defendants : Ex-parte

¶13

:: ORDER ::

¶14

The Applicant Bank filed the present OA for the recovery of a sum of Rs.34,29,244l- as on 18.03.2025 from the defendant with future interest @24o/o p.a. with monthly rests from 1g.03.2025 till the date of realisation atong with ,ot r. 1ftgZrr*

¶15

OA.No.z77/2025

¶16

Summon served on sole defendant through paper publication and was set ex-parte on 24.06.2025 as called absent and no

¶17

representation.

¶18

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

¶19

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

¶20

The point that arises for consideration is:-

¶21

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendant?

¶22

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A. 1to A.06 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is liable to pay the OA claim to the Applicant Bank with future interest and costs,

¶23

In the result, the present Original Application No.277/2025 is allowed as under: -

¶24

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.34,29,244l- with future interest @10.35olo p.a. simple, from the date of application till the date of rearization; OW.-O

¶25

OA.No.277l2O25

¶26

ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for realization of its dues;

¶27

iii) the applicant bank is entitled for the costs.

¶28

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

¶29

Issue Recovery Certificate accordingly.

¶30

Communicate a copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 13th day of November, ZOZSI.

¶31

i.:

¶32

(RAMESHWAR KOTHE) PRESIDING OFFICER

¶33

:'1

Icici Bank Limited v. Ifthekhar Ahmed Mohammed

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Ifthekhar Ahmed Mohammed

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Icici Bank Limited versus Edwin Francis Lawrence

Icici Bank Limited versus Mrs.N Lohitha

M/S. Bank of Baroda versus Mrs. Naga Lakshmi Chilupuri

M/S. Canara Bank versus Mrs. Mallepogu Shirisha

The Yes Bank Limited versus M/S. Ayyappa Logistics

The Yes Bank Limited versus M/S. Mallikarjuna Markets