Allowed

M/s. Icici Bank Limited. v. Sri. Sri. Mohana Reddy Nalamachireddy

DRT18 Dec 2025OA/387/2025

Case brief

AI extract

What is this about?

DrT-II, Hyderabad allowed an original application filed by ICICI Bank for recovery of Rs.36.12 lakh plus future interest from a defendant who remained ex-parte after valid service by publication. The court held the evidence conclusively proved the debt liability.

What did the court decide?

Declaration of liability to pay Rs.36,12,520/- with future interest and issuance of Recovery Certificate.

M/s. Icici Bank Limited. versus Sri. Sri. Mohana Reddy… — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 18TH DAY OF OECEMBER, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), tv.A.

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PRESIDING OFFiCER

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Original Application No: 387 OF 2025

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lvl/s. ICICI Bank Limited., Regional Office at ICICI Bank Tower Plot No.12, Nanakramguda, Serilingampally Ranga Reddy - 500032, Telangana. Rep. by its Power of Attorney

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....Applicant

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Versus

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Sri. Sri. Mohana Reddy Nalamachireddy S/o. Nala mach ireddy Venkata Reddy Aged about 54 Years, Occ: Employee Resident of Flat No. 4071414, Block C Sri Kalki Gardens, Madinaguda, Miyapur Tirumalagiri, Hyderabad - 500050.

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Defe nda nt

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Counsel for the Applicant : lYr. R. Rajendra^prasad Defendants : Ex-pa rteEx-pa rterte

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: Ex-pa rteEx-pa rterte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.36,12,520/- towards Loan A/c. No. LPHYD000 47932872 from the defendant with future interest @24olo p.a. compounded with monthly rests from 20.04.2025 till the date of reallsation along with costs.

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Summon served on sole defendant through paper publication and was set ex-parte on 11.08.2025 as called absent and no representation.

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^F"

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OA.No.387/2025

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The Applicant Bank examined K. Raja^yaswanth, Area Relationship Manager as AW-1 and marked 08 documents through him as Ex. A.1 to Ex. A.08.

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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 entiued 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.08 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.387/2025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.36,12,520/towards Loan A/c. No. LPHYD000 47932872 with future interest @10.350/o p.a. simple, from the date of application till the date of realization;

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

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OA.No.387/2025

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iii) the applicant bank is entitled for the costs.

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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 1.8ih day of December, 2025).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

M/s. Icici Bank Limited. v. Sri. Sri. Mohana Reddy Nalamachireddy

Case brief

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M/s. Icici Bank Limited. v. Sri. Sri. Mohana Reddy Nalamachireddy

Case brief

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