Allowed

Icici Bank Limited v. Moulalai Dudekula

DRT17 Nov 2025OA/317/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed ICICI Bank's original application for recovery of a principal sum, future interest, and costs against an absent defendant, holding the bank's evidence sufficient to establish liability.

What did the court decide?

Defendant directed to pay Rs. 27,01,295.74 with future interest at 10.75% p.a. and costs; bank allowed to proceed against defendant's person and properties; Recovery Certificate issued.

Icici Bank Limited versus Moulalai Dudekula — 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: 317 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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Moulalai Dudekula, S/o. Devanasaheb Dedukula Age 33 Years, Occ: Private Service Ptot No.333 Pent House, Near Bus Station Gulmohar Park Colony, Limgampalli Ranga Reddy, Telangana - 500019.

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Also at:-

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Moulalai Dudekula, S/o. Devanasaheb Dedukula Age 33 Years, Occ: Private Service House No.3-37, 3td Ward, Prathakota Pagidyala, Near Temple, Kurnool - 5t84L2 Andhra Pradesh.

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Also at:-

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Moulalai Dudekula, S/o. Devanasaheb Dedukula Age 33 Years, Occ: Private Service

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C/o. CGI Information Systems and Management Consultants Level 6, Melange Towers, Madhapur Hitech City, Hyderabad, Telangana - 500081.

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....., Defendant

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Counsel for the Applicant : M/s. Lotus Law Associates Defendants : Ex-parte

fu"*

OA.No.317l2025

:: !LL9-LL^::

The Applicant^{Bank filed the presentOA for the recovery of a sum of} Rs.27 ,01,2g5.7^{4ps from the defendant with future interest} @10.75olo^{p.a. compoundedwith monthly rests from the dateof} application till^{the date of realisation alongwith costs'}

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defendant and^{was set ex-Parte on}

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1. Summon served^{on sole} i.07.2025^{as called absent} and no rePresentation

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The Applicant^Bankexamined Kalva Rajayashwanth,^Area marked 08 documents^through

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Relationship^{Manager as AW-1and} him as Ex. A.1to^{Ex. A.8.}

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Heard the Ld.^{Counselfor 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 Appticant^{Bank is entitled for} the claim made^{in the OA against the} Defendant?

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As stated supra,^{the Defendantremained ex-parteThe Evldence} Affidavit coupled^{wlththe recltals in the documents viz'' Exs A l to} A.8 marked on behalf^{of the Applicant Bank clinches the claim of the} Applicant Bank^{against the DefendantHence, Ihold that the} Defendant is^{liableto pay the OA claimto the Applicant Bank with} future interest^{and costs.}

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In the result,^{the pres^ent Original ApplicationNo 31712025is} allowed as^{under: -} ffi**!-v

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OA.No.31712025

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i) The Defendant is liable to^pay to the Applicant Bank a sum of Rs.27,01,295.74ps with future interest @10.75olo^p.a. simple, from the date of^{applicationtill} the date of realization;

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' ii) the applicant bank is also entitled to^proceed against the person and^properties of the defendant^for 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^{Memowithin 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^{pronouncedbymein the} open court on this the 17th day of^{November, 2025).}

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1,,

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Owe (RAMESHWAR KOTHE) PRESIDING OFFICER

Icici Bank Limited v. Moulalai Dudekula

Case brief

What is this about?

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Icici Bank Limited v. Moulalai Dudekula

Case brief

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