Allowed

Idfc First Bank Ltd. Now v. Kancharla Srinadh

DRT26 Nov 2025OA/421/2025

Case brief

AI extract

What is this about?

The petitioner bank filed an original application in execution proceedings for the recovery of Rs. 24,56,791.89 along with interest. The court invoked ex-parte powers, hearing recorded the applicant's witness, and allowed the application, directing the defendant to pay the dues and authorize issuance of a recovery certificate.

What did the court decide?

The defendant is liable to pay Rs. 24,56,791.89 with future interest @ 13% p.a.; Recovery Certificate to be issued.

Idfc First Bank Ltd. Now versus Kancharla Srinadh — DRT (2025) — LawSathi Research

¶1

N^{r H E} L'' :E;BJ:H[^{::: ::: ;T;:[TT il[:^} PREsENT^{: 56' nAMEsHwN$'oH[ift3|(rl''} Original^{Application No: 421 OF 2025}

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Versus

,....APPlicant

h n a^{a h} r:r:;A? ir.i:;,:^{I "" Il!:+"i#} ti;:'1H;^{i ;,"7'ln Phase' xP|,:,} :"ltt'.r r. *rt u,PuttY,^{Medchal I}

¶6

......Defendant

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: Mr.^{V' Santosh} Counsel^{for the APPlicant} : Ex-Parte Defendants

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:: ORDER^::

¶9

The Applicant^{Bank filed the presentOA for the recovery of a sum of} Rs.24,56,7gL89psason09'08'2024fromthedefendantwith future interest @24o/o^{p.a. with monthly interestsfrom the date of} application till^{the date of realisation alongwith costs.}

¶10

Summon sent to sole defendant returned with endorsenent refused hence, deemed to be served and was set ex-parte on 06.09.2025 as called absent and no representation.

¶11

The Applicant Bank examined Akash Ghosh, Legal Manager as AW_1 and marked 13 documents through him as Ex. A.1 to Ex. A.13. .nr

¶12

¶13

4' ,urJ-ln: Hear.l rL^{[d' counse/} r.,. *,oA'No'427/202s 5' :ria/ p/ac"; ;".::1.ror the App/icanr t-rd'lBan k a nd Fetu5u6 the rhe point that arise. for ,..,:'^- consideration

¶14

is;_

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Whether r, ,! ;" ;;;, i: ::,,i:, [0,: T^is _71t1 tre d ro r Defendan't2"'oqe in the oe unu,ii- iiu 6. As state rroru, rhe D Affidavit 1 rernai n::::lfff[*t A.13 ,u fo"'uo^{itr' t;erendant +1;rl]:::H ,,r';':} Ev den ce ab e t;';#:#::T;:'f:ij::l[:fifi;l rurure,,,ut'' lrest and costs "n^utdrrr) to the Appricant Bank with 7. In the result, the prese allowed as under: _ nt original Application No.42 7/2025 is i) The Defendant is liable to pay to the Appticant Bank a sum of Rs.24,56,791.89ps with future interest @ l3o/o p'a' simpre, from the date of apprication ti, the date of realization;

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ii) the appricant bank is arso entired to proceed against the person and properties of the defendant for realization of its dues;

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iii) the appricant bank is entiiled for the costs.

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

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OA.No.42Ll2OZ5

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9. 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, iigned and pronounced by me in the open court on this the 26th day of November, 2025).

¶22

(RAMESHWAR KOTHE) PRESIDING OFFICER

Idfc First Bank Ltd. Now v. Kancharla Srinadh

Case brief

What is this about?

What did the court decide?

Idfc First Bank Ltd. Now v. Kancharla Srinadh

Case brief

What is this about?

What did the court decide?

What the court decided

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