Allowed

Icici Bank Limited v. M. Vijay Kumar

DRT15 Dec 2025OA/554/2025

Case brief

AI extract

What is this about?

This order is a judgment of the Debts Recovery Tribunal allowed an Original Application filed by ICICI Bank for recovery of dues totaling over Rs. 34.68 million from three defendants who remained absent. The Tribunal held the defendants jointly liable for the sum along with future interest and costs, directed issuance of a recovery certificate, and secured the claim via mortgaged properties.

What did the court decide?

Defendants ordered to pay Rs. 34,68,128.50 plus future interest; claim secured by mortgage of properties; recovery certificate issued.

Icici Bank Limited versus M. Vijay Kumar — Banking and Recovery | DRT (2025)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 15TH DAY OF DECEMBER, 2025 PRESENT: SH. RAMESHWAR KOTHE, B.Com,, L.LB. (Hons.), M.A. PRESIDING OFFICER

¶2

ORIGINAL APPLICATION No: 554 OF 2025

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ICICI Bank Limited., l9l9l.^{Balk Towers, Financiat District} prot No. 12, Nanakaramguda, Gachibowli Hyderabad, Ranga Reddy District. Rep. by its Authorized signatory.

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.....Applicant.

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Versus

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M. Vijay Kumar, S/o. M. Hanmanthu Age 38, Occ: Farmer, H.No.1_24 Doulathabad, Challapur, Aesiae ZpHS School, vika ra bad, reianla na_ s09336, TG.

¶7

Papamma Marivoni, D/o. Nagappa Age 79, Occ: House Wife, f-f .-lrfdi_Z+ Doulathabad, Challapur, Beside ZpHS School, vika rabad, felanga na_S09336, TG.

¶8

Ramadevi Marivoni, W/o.M.Vtjay Kumar Age 32, Occ: House Wife, H.trio.'t_Z?^- Doulathabad, Challapur, Beside

¶9

ZpHS Schoot, vi karabad, iJu-r-gu na_ S09336, TG.

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.. . Defendants

¶11

Counsel for the Applicant : Mr. G. Adrian Kiran Raj

Defendants

: Ex-parte

:: ORDER::

The Applicant Bank filed the present OA for the recovery a total sum of Rs,34,6B,12B.5Ops as on 27.05.2025 from the defendants joinuy and severally-vvith future interes t @24o/o e.a, N**

¶16

oA.NO.5s4/2025

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with^{monthlyrestsfrom25 'O4 '2024 till the date of realization} ufong *itn^{costs and in default for sale of OA schedule} proPerties.

¶18

Summons^{served on D1 and 2 Theywere set ex-parteon} 31.07.2025^{as called absent and no representation'}

¶19

The ,unun"" ApPlicant^{as AW-1 Bank and marked examined OB K documents Raja Yaswanth' through him Legalas} Ex. A.1^{to Ex A'08'}

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Ld.counselfortheApplicantBankreportedordersmaybe passed^{through merits Perused the materialplaced on record'}

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The^{point that arises for considerationis:-}

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Whether^{the ApplicantBank E entitled'} for the^{claimmade in the OA agatns|} the^{Defendantsand OA schedule} properties?

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6.^{As stated supra'the Defendants remained ex-parte'The} Evidence^{Affidavitcoupledwlth the recitalsin the documents} viz.,^{Exs' A'1 to A 08 markedon behalf of the ApplicantBank} clinches^{the claim of the Applicant Bank againstthe Defendants'} Hence,IholdthattheDefendantsarejointlyandseverallyliable to^{pay the OA claim to the Applicant Bank with future interest} and^costs'

¶24

In^{the result, the present OriginalApplication No 554/2025is} allowed^{as under: -}

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The Defendants^{are jointly and severally}

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i) '' ,,u0," to^{pay to the ApplicantBank a sum of} W^Ye

¶27

oA.NO.s54l2025

¶28

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Rs.34,68,128.50ps^{with future interest} @11olo P.a.^{simPle from the dateof} application^{till the date of realization;}

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the OA^{claim is secured by way of mortgage}

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ii) of^{properties described in the schedule} annexed^{to the OA and the applicant bankis} entitled to^{proceedagainstthe same to} realise^{its debt;}

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iii) the applicant^{bankis also entitled to proceed} against^{the person and propertiesof} defendants^{for realization of its dues;}

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iv)^{the applicant bank is entitledfor the costs'}

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Memo within^{2 weeks}

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B. The Applicant^{Bank is directed to file Cost} from the^{date of receipt of this Order'}

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Issue Recovery^{Certificate accordingly'}

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to the Parties^concerned'

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1. Communicate^{a coPY of this order} pronounced by^{me in the open court on}

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(Dictated to the^{steno, corrected,signedand} thls the^{15th Day of December,2025)'}

¶40

SHWAR^KOTHE) PRESIDING^OFFICER

Icici Bank Limited v. M. Vijay Kumar

Case brief

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Icici Bank Limited v. M. Vijay Kumar

Case brief

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