Allowed

Idfc First Bank Ltd. Now v. Bsa Gold and Diamonds Private Limited

DRT4 May 2026OA/1020/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an original application filed by IDFC First Bank Limited for recovery of Rs.40.60 Lakhs from BSA Gold and Diamonds Private Limited, which remained ex-parte.

What did the court decide?

Defendant liable to pay Rs.40,60,462.42 with future interest at 13% p.a. simple; Applicant directed to file cost memo and Issue Recovery Certificate.

Idfc First Bank Ltd. Now versus Bsa Gold and Diamonds Private… — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE O4TH DAY OF MAY, 2026 PRESENT: SH. RAMESHWAR KoTHE, B.com., L,LB. (Hons.), M.A. PRESIDING OFFICFR

¶2

Originat Application No: 1020 OF 2O2S

¶3

IDFC First Bank Limited "Now,, Earlier M/s. Capital First Ljmited., Door No.6-3-354, 2a Floot, S B Towers Near Nagarjuna Circle, Baniara Hills Road No.1, Hyderabad - 5OOO34. Rep. by its Authorised Representative. "'';:.:,,

¶4

A'Pricant

¶5

BSA Gold and Diamonds private Limited Rep by Habeeb Hasan, S/o. Habeeb l,lohsin, Aged about 35 years Occ: Busjness, R/o.2 2 t7O 2 2 t77 2 2 772 Subhash Road, Opp Ramgopatpet, potice Station, Secunderabad, Hyderabad-500003.

¶6

..Defendant

¶7

Counsel for the Applicant : M/s. V. Santosh Defendants : Ex_parte

¶8

:: oRDER ::

¶9

The Applicant Bank filed the present OA for the recovery of a sum of Rs.40,60,462.42ps as on 04.09.2025 from the defendant with future interest @24o/o p.a. with monthly interests from the date of application till the date of realisation along with costs.

¶10

Summon served on sole defendant through paper publication and was set ex-parte on 28.04.2026 as called absent and no representation. ' ''--..; r-

¶11

OA.No.1020/2025

¶12

¶13

The Applicant^{Bank examined Akash Ghosh'Legal Manageras AW-1} and marked^{09 documentsthrough him as Ex' A'1 to Ex A 09'}

¶14

Heard the^{Ld. Counselfor the Applicant Bank and perused the} material^{placed on record'}

¶15

The^point that^{arises for consideration is:-}

¶16

Whether^{the Appticant Bank is entitled for} the claim^{made in the OA against the} Defendant?

¶17

As stated^{supra, the Defendant remainedex-parte' The Evidence} Affidavit^{coupled withthe recitals in the documentsviz" Exs' A'1 to} A.09 marked^{on behalf of the Applicant Bank cllnches the claim of} the Applicant^{Bank againstthe Defendant'Hence' I hold that the} DefendantisliabletopaytheoAcla|mtotheApplicantBankwith future interest^{and costs'}

¶18

In the^{result, the present Original Application No'1020/2025is} allowed as^under:-

¶19

i) The^{Defendantis liable to pay to the Applicant Bank a} sum of Rs.4O,60 ,462.42Ps^{with futureinterest@13Vo} p.a. simple, from the^{date of applicationtill the date of} realization;

¶20

ii) the applicant^{bank is also entitled to proceed against} the person and^{propertiesof the defendantfor} realization of its dues;

¶21

iii) the applicant^{bank ls entitledto, ,n;n*} - U,/\fic.t*

¶22

OA.No.LOZO/2O25

¶23

¶24

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

¶25

Issue Recovery Certificate accordingly.

¶26

¶27

(RAMESHWAR KOTHE) PRESIDING OFFICER

¶28

¶29

Idfc First Bank Ltd. Now v. Bsa Gold and Diamonds Private Limited

Case brief

What is this about?

What did the court decide?

Idfc First Bank Ltd. Now v. Bsa Gold and Diamonds Private Limited

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

State Bank of India versus Sri Siva Sai Jyothi Bharath Gas Gramin Vitrak

State Bank of India versus Mrs. Suneetha Jidagam

State Bank of India versus Mrs. Pratyusha Mohanram

Icici Bank Limited versus M/s. Sri Valli Silks.

Union Bank of India versus M/S. Vk Warehousing Enterprises

Idfc First Bank Ltd. Now versus Ghrinesh Bhagia