Allowed

Icici Bank Limited v. Perupaka Venkatesh

DRT15 Dec 2025OA/457/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed the bank's original application for recovery of Rs. 54.51 lakh jointly and severally from the defendants, noting they remained absent and evidence was clinched via affidavit and documents.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 54,51,724/- with future interest @7.70% p.a.; OA claim secured by mortgage; bank entitled to proceed against property; costs awarded.

Icici Bank Limited versus Perupaka Venkatesh — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD DATED THIS THE 15TH DAY OF DECEMBER, 2025

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

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PRESIDING OFFICER

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ORIGINAL APPLICATION No: 457 OF 2025

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ICICI Bank Limited., Gachibowli, ICICI Towers Serillngampally Mandal, Rangareddy District. Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Perupaka Venkatesh, S/o. Narsimha Perupaka, Aged about 34, Occ: Business H.No.272/ Al2, Narayanagar, Kodad suryapet Dist - 508206, TS.

¶9

Also at:-

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Perupaka Venkatesh, S/o. Narsimha Perupaka, Aged about 34, Occ: Business R/o. H.No.3-9-1, Old 3-8-66 Suryodaya Nagar, Chandrapuri Colony Mansoorabad Village, L B Nagar Municipality Ranga Reddy Dist - 500077.

¶11

Also at:-

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Perupaka Venkatesh Sree Venkateshwara Swami Filling Station R/o. Sy.No.845, Ananthagiri, Suryapet Kodad, Suryapet Dist - 508206.

¶13

Perika Swaroopa, W/o.Perupaka Venkatesh Aged about 34, Occ: Business H.No.2t2/ A/ 2, Narayanagar, Kodad Suryapet Dist - 508206, TS.

¶14

Also at:-

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Perika Swaroopa, W/o. Perupaka Venkatesh Aged about 34, Occ: Business R/o. H.No.3-9-1, Old 3-8-66 Suryodaya Nagar, Chandrapuri Colony '/w.*

¶16

oA.NO.457l202s

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Mansoorabad^{Village,L B Nagar Municipality} Ranga ReddY^Dist -^{500077, TS'}

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... Defendants

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Counsel^{for the APPlicant}

¶20

: Mr. G. Adrian^{Kiran Raj}

Defendants

: Ex-parte

:: :: Q-f,[ff,

The Applicant^{Bank filed the present OA for the recoverya total} sum of Rs.54,51,724l-^{as on 24.04'2025from the defendants} jointly and severally with^{future interest@24o/o p'a' with} monthly rests^{from 24.04.2025 till the date of realizationalong} with costs and^{in default for sale of OA scheduleproperty'}

¶25

Summons^{served on D1 and 2 throughpaper publication'They} were set ex-parte^{on 22.08.2025 as called absentand no} representation.

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The Applicant^{Bank examinedK'RajaYaswanth' Area} Relationship^{Manager,as AW-1 and marked 12 documents} through^{him as Ex. A.1 to Ex. A'12'}

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Ld. Counsel^{for the ApplicantBank reported ordersmay be} passed through merits.^{Perusedthe materialplaced 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^{madein the OA against} the Defendants^{and OA schedule} propera?

Qw^"rn

oA.NO.457l2025

As stated supra, the Defendants remained ex_parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.12 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶34

In the result, the present Original Application No.457l2025 is allowed as under: -

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i) The Defendants are joinfly and severally liable to pay to the Applicant Bank a sum of Rs-54,51,724/- with future interest @7.70olo p.a. simple from the date of application ti the date of realization;

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ii) the OA claim is secured by way of mortgage of property described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

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iii) the applicant bank is also entitled to proceed against the person and properties of defendants for realization of its dues;

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iv) the applicant bank is entiued for the costs.

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The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt ot tnis orderlQ,*g

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oA.NO.4s7l202s

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o Issue^{Recovery Certificate accordingly'}

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10.^{Communicate a copv of this order} !: -ll:^.pu*'"t^{9olt"'n"q -' ^^} (Dictated to tn" 't"no,^{iJ"ected'signedand pronounced by me in the open court on} ihis tne^{ts"'DaYof December' 2025)}

¶44

(RAMESHWAR KOTHE) PRESIDING^OFFICER

Icici Bank Limited v. Perupaka Venkatesh

Case brief

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Icici Bank Limited v. Perupaka Venkatesh

Case brief

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