Allowed

Idfc First Bank Ltd. v. Mr. Dr. Koduru Laxmi Venkatesh

DRT31 Oct 2025OA/511/2024

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an original application filed by IDFC First Bank Ltd. for recovery of a loan account of Rs.30,21,352.66 along with future interest and costs against the defendant who remained ex-parte.

What did the court decide?

The defendant is liable to pay Rs.30,21,352.66 with future interest at 14.85% p.a. and costs; directions to realize dues and issue recovery certificate.

Idfc First Bank Ltd. versus Mr. Dr. Koduru Laxmi… — Contract and Commercial Disputes | DRT (2025)

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IN THE DEBTS RECOVERY TRIBUNAL-I] AT HYDERABAD DATED THIS THE 315T DAY OF OCTOBER, 2025

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PRESENT: SH. RAMESHWAR KOTHE, B.Com./ L.LB. (Hons.), M.A. PRESIDING OFFICER

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Original Application No: 511 OF 2024

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IDFC First Bank Ltd., Having its Offlce at 1-10-63/1/1 Veer Chambers, Chikoti Gardens Opp Shoppers Stop, Begumpet Hyderabad - 500016. Rep. by its Authorized Signatory.

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.....Applicant

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Versus

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Mr. DR Koduru Laxmi Venkatesh Flat No.405, HGH Residency, Lakdikapool Hyderabad, Telangana - 500004.

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Also at: -

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Plot No.51, CBI Colony, Phase IV NGOS Colony Road, Govt Hospital X Road Va nasthalipu ram, Hyderabad

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K V Ranga Reddy, Telangana - 500070.

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......Defendant

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Counsel for the Applicant : M/s. Srihari Bathina Defendants : Ex-Parte

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::^qLLER ::

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The Applicant Bank filed the^present OA for the^{recovery of a sum of} Rs.30,21,352.66ps towards Loan A/c. No.101125554 from^the defendant with future interest @14.850/o^p.a. along^{with penal} interest @2olo p.m. from the-.date of apPllcation till the date^of reatisation atong with costs. /y$f

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OA.No.511/2024

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Summon served on sole defendant through paper publication and was set ex-parte on 25-04 -2025 as called absent and no representation.

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The Applicant Bank examined Deepika Hotker, Legal Manager as AW-1 and marked 05 documents through her as Ex. A.1 to Ex, A.05.

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Heard the Ld. Counsel for the Applicant Bank and perused the materia I 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.5 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.511/2024 is allowed as under: -

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i) The Defendant is liable to pay to the Appticant Bank a sum of Rs.30,21,352.66ps towards Loan A/c.No.101125554 with future interest @14.85% p.a. simple, from the date of applicatjql ti the date of realization; //ltw-/ 'q 1/''o..o'

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oA,No.5U12024

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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 entiUed for the costs.

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B. The Applicant Bank is directed to fire 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, iigned and pronounced by me in the open court on this the 3lst day of October, 2025).

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(/Y,'P

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(RAIvtESHWAR KOTHE) PRESIDING OFFICER

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[E-

Idfc First Bank Ltd. v. Mr. Dr. Koduru Laxmi Venkatesh

Case brief

What is this about?

What did the court decide?

Idfc First Bank Ltd. v. Mr. Dr. Koduru Laxmi Venkatesh

Case brief

What is this about?

What did the court decide?

What the court decided

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