Allowed

Icici Bank Limited v. Mr. Golla Krishna

DRT3 Jul 2025OA/533/2023

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an original application by ICICI Bank for recovery of a loan default. The court held defendants jointly and severally liable to pay the principal sum with future interest and costs, and affirmed the bank's right to realize dues through hypothecated assets.

What did the court decide?

Defendants jointly and severally liable to pay Rs.58,46,676/- with future interest; OA claim secured by hypothecation; bank entitled to proceed against assets and persons for realization; costs allowe

Icici Bank Limited versus Mr. Golla Krishna — Consumer Protection | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD

¶2

DATED THIS THE O3RD DAY OF JULY, 2025

¶3

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

¶4

ORIGINAL APPLICATION No: 533 OF 2023

¶5

ICICI Ba nk Limited., Gachibowli, ICICI Towers Serilingampally Mandal, Ranga Reddy Dist. Rep by its Authorized slgnatory

¶6

.....Appricant.

¶7

Versus

¶8

lvlr. Golla Krishna, S/o.Parandamulu Golla Age 53 Years, Occ: Self Employee 3-lL-58/2/201, 3'o Floor, Sri.K Gokale Nagar, Near Bharath Petrol Bunk Ramanthapur, Hyderabad - 500013 Telangana State.

¶9

Mr.Abhishek Kumar Yadav S/o. Rajkishore Yadav Age 27 Years, Occ: Doctor R/o. 3-1,7-77, Near Dharma Kiran Government Homeopathy Hospital Ra manhapur Colony, Ramanthapur Hyderabad - 500013, Telangana State.

¶10

Smt. Golla Vijaya D/o. Gangaram Todapan uri Age 51 Years, Occ: House Wife R/o. 2-451A, Near Hanuman Temple Malthumeda, Gollingal, Nagireddy Pet Mandalam, Nizamabad - 503108, Telanga na State.

¶11

. .. Defenda nts

¶12

Counsel for the Applicant

¶13

, Defendants

: M.V. KINI

,E"-partw)_,

oA.NO.533/2023

:: CLBI)-EL^::

The Applicant^{Bank filed the present OA for the recovery a total} sum of^{Rs.58,46,6761-as on 06'02'2023 from the defendants} jointly and severally^{with future interest@24olop awith} monthly^{rests from 07.02 2023till the date of realizationalong} with costs^{and in default for saleof hypothecated assets'}

¶20

paper publication.^They

¶21

1. Summons^{served on D1 to 3 through} called absent^{and no}

¶22

were set ex-Parte^{on 78'07} '2024^as representation.

¶23

The^{Applicant Bank examined Kalva Rajawaswanth' Manager'} as AW-1^{and marked 21 documents through him as Ex A l to} Ex. A.21.

¶24

Bank reported^{ordersmay be}

¶25

1. Ld. Counsel^{for the ApPlicant} the material Placed^{on record'}

¶26

passed through^{merits. Perused}

¶27

The^point that^{arises for considerationis:-}

¶28

Whether the^{Applicant Bank is entitled} for the claim^{madein the OA against} the Defendants^{and OA hypothecated} assets?

¶29

As stated supra,^{the Defendants remained ex-parte The} Evidence Affidavit^{coupledwith the recitals in the documents} viz., Exs. A.1^{to A.21 markedon behalf of the ApplicantBank} clinches the^{claim of the Applicant Bank against the Defendants'} Hence, I^{hold that the Defendantsare jointlyand severally liable} to^pay the^{OA claimto the} APplicant-Bank^{with futureinterest} //Ttu_,..*>g

¶30

and costs. ,7'^{/o r-r'-}

¶31

oA.NO.533/2023

¶32

In the result, the present Original Application No.533/2023 is allowed as under: -

¶33

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.58,46,676l- as on 06.02.2023 with future interest @9.25olo p.a. simple from the date of application till the date of realization;

¶34

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

¶35

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

¶36

iv) the applicant bank is entitled for the costs.

¶37

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

¶38

Issue Recovery Certificate accordingly.

¶39

Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by me in the open court on this the O3'd Day of July, 2025).

¶40

PRESIDING OFFICER

Icici Bank Limited v. Mr. Golla Krishna

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Mr. Golla Krishna

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Hdfc Bank Ltd. versus Nathi Manyam

Hdfc Bank Ltd. versus Mr. G Sreenivasulu Reddy

Starlet Agri Science Pvt. Ltd. versus State Bank of India

Hdfc Bank Ltd. versus K N Murthy Kirana Market

Hdfc Bank Ltd. versus Mr. Jogi Bhasker Narayana

Union Bank of India versus M/S. Kandukuri Enterprises