Allowed

Icici Bank Limited v. Bhukya Surendra Nayak

DRT17 Nov 2025OA/315/2025

Case brief

AI extract

What is this about?

The DRAT allowed the bank's money recovery application filed ex-parte. The court held the defendant liable to pay the principal sum with future interest and costs based on the evidence affidavit and documents filed.

What did the court decide?

Defendant directed to pay Rs. 27,69,310/- with future interest @10.75% p.a. simple from date of application till realization, along with costs. Recovery Certificate issue.

Icici Bank Limited versus Bhukya Surendra Nayak — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 17TH DAY OF NOVEMBER, 2025

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

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Original Application No: 315 OF 2025

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ICICI BanK Ltd., ICICI Towers, Gachibowli Serilingampally Mandal, Ranga Reddy District. Rep. by its Authorized Signatory.

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.....Applicant

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Versus

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Bhukya Surendra Nayak, S/o. Sreeramulu Bhukya Age 37 Years, Occ: Private Service House No.7-65, 2nd Floor, MR Palii Vasavi Nagar, Tirupathi, Chittoor District Andhra Pradesh - 517502.

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Also at:-

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Bhukya Surendra Nayak, S/o. Sreeramulu Bhukya Age 37 Years, Occ: Private Service C/o. Wipro Limited., Business No.72 Keonicshosur Road, Electronic City Bengaluru - 560100.

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Also at:-

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Bhukya Surendra Nayak, S/o. Sreeramulu Bhukya Age 37 Years, Occ: Private Service Kothakunta Thaanda, Velimenchala, Anantapur Andhra Pradesh - 515581.

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....,.Defendant

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Counsel for the Applicant : M/s. Lotus Law Associates

Defendants

: Ex-parte

:: CLLLE&::

The Applicant Bank filed the present OA for the recovery of a sum of Rs.27,69,310/- from the defendant with future interest @10.75olo l/sr-

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oA.No.315/2025

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p.a. compounded with monthly rests^{from the date of application} till the date of realisation^{along with costs.}

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Summon served on sole^{defendantand was set ex-parteon} 11.07.2025 as called absent and^{no representation.}

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The Applicant Bank^{examinedKalva Rajayashwanth,Area} Relationship Manager as^{AW-1and marked 09 documentsthrough} him as Ex. A.1 to Ex. A.9.

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

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The^point that arises for consideration^is:-

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

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As stated supra, the Defendant^{remained ex-parte. The Evidence} Affidavit coupled with the recitals^{in the documentsviz., Exs.A.1 to} A.9 marked on behalf of the Applicant^{Bank clinches the claim of the} Applicant Bank against the Defendant.^{Hence, Ihold that the} Defendant is liable to^pay the OA^claim to^{the Applicant Bank with} future interest and costs.

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In the result, the^present Original Application^{No.315/2025is} allowed as under:^-

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i) The Defendant is liable to^pay to the^{Applicant Bank a} sum of Rs.27,69,310/- with future interest @10'75olo p.a. simple, from the date of application till the date of realization; ffir-*

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OA.No.315/2025

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

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realization of its dues;

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iii) the applicant bank is entitled for the costs.

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

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Issue Recovery Certificate accordingly.

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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 17th day of November, 2025lr.

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(M,!,-b

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(RANTESHWAR KOTHE) PRESIDING OFFICER

Icici Bank Limited v. Bhukya Surendra Nayak

Case brief

What is this about?

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Icici Bank Limited v. Bhukya Surendra Nayak

Case brief

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What did the court decide?

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