Allowed

Icici Bank Limited v. Appalanaidu Patta

DRT23 Sept 2025OA/497/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Applicant Bank's Originat Application for recovery of a sum of Rs. 23,69,547/- along with future interest and costs from the Defendant, who remained ex-parte. The Tribunal issued a Recovery Certificate and directed the bank to file a cost memo.

What did the court decide?

Defendant directed to pay Rs. 23,69,547/- with future interest and costs; Recovery Certificate issued.

Icici Bank Limited versus Appalanaidu Patta — Banking and Recovery | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD

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DATED THIS THE 23RD DAY OF SEPTEI4BER, 2025

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PRESENT: SH. RAI4ESHWAR KOTHE, B,Com., L.LB. (HonS.), M.A.

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PRESIDING OFFICER

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Original Application No: 497 OF 2025

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ICICI Bank Limited., Gachibowli, Hyderabad. Rep. by its Legal Manager.

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.....Applicant

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Versus

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Appalanaidu Patta, S/o.Adinarayana Patta Flat No.502, Avanthika Bagiradha Plot No.543 & 544, Mathrusri Nagar Miyapur, Hyderabad - 500049.

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Also at: -

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Appalanaidu Patta. S/o.Adinarayana Patta Pedda Veedi Purli, Srikakulam Andhra Pradesh - 532440 '

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......Defendant

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Counsel for the Applicant : M/s. Anil Vydya

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Defendants ; Ex-parte

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::^qLLE& ::

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The Applicant Bank filed the^present OA for the recovery of a^{sum of} Rs.23,69,5471- frcm the defendant with future interest @2olo^p.m. compounded monthly from 77.05.2025 till the date of realisation along with costs.

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Summon served on sole defendant and was set ex-parte^on la.o7.2o25as called absent and no representation '-Y',-'""*''""A Ayt'l'?'L''

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OA.No.4912025

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The Applicant Bank examined Kalva Raja yaswanth, Area Relationship l4anager as AW-1 and marked 09 documents through him as Ex. A.1 to Ex. A.09.

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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 enti ed 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.09 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 Originat Application No.49712025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.23,69,547/- wilh 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 entitled to proceed against

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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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OA.No.497lZOZ,

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B. 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 23'd day of September, 2025).

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(RAMESHWAR KOTHE) PRESIDING OFFICER

Icici Bank Limited v. Appalanaidu Patta

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Appalanaidu Patta

Case brief

What is this about?

What did the court decide?

What the court decided

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