Debts Recovery Tribunal allowed the applicant bank's original application for recovery of a debt owed by the sole defendant. The court rejected the defendant's defense resulting in an ex-parte order.
Defendant to pay Rs. 20,43,215.06 plus future interest and costs; recovery certificate issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE DEBTS RECOVERY TRIBUNAL-II ATHYDERABAD DATED THIS THE 3RD DAY oF JULY.2026 - PRESENT: SH. RAMESHWARKOTHE, B.Com. L.LB. (Hons.), M.A. PRESIDING OFFICER
ORIGINAL APPLICATIONNo: 117 OF 2026
IDFC FIRST BANKLIMITED "NOW'' EARLIER M/S CAPITALFIRST LIMITED Door No. 6-3-354, 2ndfloor, S B TOWERS,Near Nagarjuna circle, Banjara Hills RoadNo.1, Hyderabad- 500034 Rep. by its AuthorizedRepresentative
......Applicant
Versus
SHARATH KUMARKATIKANENI S/O NAVANEETHAMK AGED ABOUT43 YEARS,OCC:BUSINESS R/o: F.No.503,5th Floor, NakshatraAltitude Apartments, SatYadevEnclave, Hastinapuram Center,Rangareddy-500079
Defendant
Counsel forthe APPlicant : M/s. V. Santosh
Counsel forthe Defendant
: M/s. M. SravanPrasad
:: ORDER::
oA.No.117l2026
Whether the Appticant Bank is entitted for the claim made in the OA against the Defendant?
- In the resurt, the present originar Appricglion No. 7L7/2026 is altowed as under: - UY**
OA.No.117l2026
iii ) the applicant bank is entitled for the costs.
,ow*, (RAMESHWAR KOTHE) PRESIDING OFFICER
1 issue framed by the court
Whether the applicant bank is entitled to the claim made in the original application against the defendant?
IDFC First Bank Limited
Rameshwar Kothé
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
