Allowed

Icici Bank Limited v. Kolli Madhavi

DRT28 Nov 2025OA/361/2025

Case brief

AI extract

What is this about?

Debts Recovery Tribunal Hyderabad allowed Original Application No. 361/2025 filed by ICICI Bank Limited against Kolli Madhavi for recovery expenses of principal sum including interest at 24 percent per annum with monthly rests along with costs.

What did the court decide?

Defendant to pay sum of Rs. 44,74,796/- with future interest @ 11.15% p.a. plus costs; proceed against properties for realization; issue Recovery Certificate.

Icici Bank Limited versus Kolli Madhavi — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS^{RECOVERYTRIBUNAL-iI AT HYDEMBAD}

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DATED^{THIS THE 28TH DAYOF NOVEMBER'2025}

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PRESENT:^{SH. RAMESHWAR KOTHE,B.COM.,L.LB' (HONS.), M.A.}

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PRESIDING^OFFICER

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Original^{AppllcationNo: 361 OF 2025}

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ICICI Bank^Limited.,

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Gachibowli,^{ICICI Towers} Serilingampally^{Mandal,Ranga ReddyDist'} Rep. by its^{AuthorizedSignatory.}

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...Applicant

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Versus

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Kolli Madhavi,^{D/o. Kolli Venkata Subba Rao} Aged about^{48 Years, Occ: PrivateEmployee} R7o. A 808,^{VishnuVistaar,Bhagya Nagar} - - - - - Cbtony, Mad^{hapur, Shaikpet,Hyderabad-500081'}

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Also at:-

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Kolli Madhavi, D/o.^{Kolli Venkata SubbaRao} Aged about^{48 Years, occ:Private Employee} R7o. Others Lera^{technologiesPVtLtd ,} Hi Tech CitY,^Hyderabad -^500034'

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Also at:-

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Kolli lvladhavi,^{D1o. Kolli Venkata SubbaRao} Aged about 48 Years,^{Occ: Private Employee} R/o. Flat No.101,^{Aakarshana, Banjara} Road No.03,^{Greenvally,BanjaraHills} Khai Hyderabad -^500034.

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, ..... Defenda^nts

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Counsel for^the Applica nt MR. G. Adrian^{Kiran Raj}

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Defend a nts : Ex-parte

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:: CLLEL ::

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The Applicant Bank filed the^present OA^{for the recovery of a sum of} on 19.03.2025 from the^{defendantwith future} Rs.44,74,796/- as OK*

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OA.No.361/2025

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interest @24olo p.a. with monthly rests from 19.03.2025 till the date of realisation along with costs.

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Summon served on sole defendant and was set ex_parte on

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77.07 .2025 as ca ed absent and no representation.

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The Applicant Bank examined Kalva Raja yaswanth, Area

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Relationship lvlanager as AW-1 and marked 08 documents throug h

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him as Ex. A.1 to Ex. A.g.

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Heard the Ld. Counsel for the Applicant Bank and perused the

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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 documents viz., Exs. A.1 to A.8 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.

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In the result, the present Original Application No.361/2025 is allowed as under: -

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i) The Defendant is tiabte to pay to the Appticant Bank a sum of Rs.44,74,796/- with future interest @11.15olo p.a. simpte, frcn)+\e date of apptication ti the date of rearization; /ffii*ru

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oA.No.36u2025

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proceed against

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ii) the^{applicantbank is also entitled to} the Person^{and ProPerties of the} defendant^for realization^{of its dues;}

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iii) the applicant^{bank is entitledfor the costs'}

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Memo within^{2 weeks}

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B. The Applicant^{Bank is directed to file Cost} 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^{byhim, corrected,signedand pronouncedbyme in the} open court on this^{the28th day of November, 2025).}

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Ks9 SHWAR KOTHE) PRESIDING OFFICER

Icici Bank Limited v. Kolli Madhavi

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Kolli Madhavi

Case brief

What is this about?

What did the court decide?

What the court decided

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