Allowed

Icici Bank Limited v. Umesh Jha

DRT25 Jun 2026OA/162/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal, Patna allowed the bank's application for recovery of dues of Rs. 21.86 lakh under Section 19 of the RD & B Act. Being the applicant bank failed to appear despite notice, an ex-parte order was passed. Consequently, a Recovery Certificate was issued to recover the principal, interest, and costs from the borrower.

What did the court decide?

Recovery Certificate issued against debt of Rs. 21,86,865.56 with interest; attachment of mortgaged/hypothecated assets; proceedings before Recovery Officer.

Icici Bank Limited versus Umesh Jha — Banking and Recovery | DRT (2026)

DRT, PATNA

OA 162 of 2025jJI

Debts Recovery Tribunal, Patna

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Karpuri Thakur Sadan, Aashiana Digha Road Patna-800025

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Presiding Officer : Shri Kaushalendra Yadav

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OA Case No. 162 of 2025

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ICICI Bank Limited, Zonal Office at 3rd Floor, Gulab Palace, near Panchmukhi Hanuman Mandir, East Boring Canal Road, Patna

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Umesh Jha, (Borrower), S/o Gulab Jha, R/o- Derhpura, Jhandhaba, Near Shiv Mandir, District- Vaishali, Bihar 844505, PAN No. AEGPJ2681 G

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Present:

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For the Applicant Shri Prem Prakash, Advocate For the Defendant None

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Dated :25.06.2026

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JUDGMENT

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The Applicant bank has made this application u/s 19 of the Recovery of Debts and Bankruptcy Act, 1993 (here-in-after referred to as Act) on 03.03.2025 against the defendant to recover its debts from defendant of Rs.21,86,865.56 as on 27.01.2025 along with pendente-lite and future interest at the contractual rate from 28.01.2025 with costs till realization.

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The application has been filed with the contention that the applicant bank, is a body corporate, carries on the business and is competent to file the suit through various branches including the applicant.

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Defendant approached the applicant bank for sanction of personal loan of Rs.25 Lakh on 13.04.2023. The application form was filed in online by the defendant and authenticated through OTP. The applicant bank, being satisfied sanctioned a sum of Rs.24 Lakh on 19.04.2023 on various terms and conditions, as stipulated in the sanction letter, which were duly accepted by the defendant. To secure the loan facilities defendant has executed, through digital signatures, various loan and security documents in favour of the applicant bank, details of which are given in OA.

OA 162 of2025jJI

DRT, PATNA

After availing the sanctioned credit facilities, the defendant became irregular in repayment of their dues as per agreed terms and failed to adhere to the financial norms of the bank and avoiding the repayment of its dues to the bank, in spite of several assurances given by it to the applicant bank resulting in the account turning as NPA on 03.11.2024.

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Since, the defendant failed and neglected in spite of several reminders to make payment of the dues recoverable to the bank, hence this application has been filed by the bank.

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The total liability in the loan account is Rs.21,86,865.56 as on 27.01.2025 with pendente-lite and future interest contractual rate from 28.01.2025 till the realization.

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This Tribunal issued summon/notice copies of application & paper book to the defendant by registered/speed post on 26.03.2025, requiring him to show-cause within 30 days of the service U/s 19 (4) of the Act & Rule of the DRT [Procedure] Rules, 1993.

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Despite the service of registered summon/notice, the defendant has not appeared before this Tribunal to contest the case. The sufficient time has been given to the defendant to defend his case, but he failed to appear and to file WS, hence, the Tribunal has passed an order to proceed ex-parte against the defendant on 06.08.2025 .

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To prove its case, the applicant Bank has referred various certified photocopies of documents before this Tribunal. The applicant bank has also given evidence on affidavit by way of affidavit by Shri Ashish Kumar, Manager of the applicant bank. The details of documents are as follows:

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Description of Documents Photocopies	Date of Execution	Amount (in Lakh	Signature Executants
Personal loan application	13.04.2023	r56b	Defendant
C;edit facility aDDlicationform	19.04.2023	25.00	Defendant
(All- India) Standard Terms and	19.04.2023		Defendant

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DRT. PATN A

NA		OA162of 2025jJI
Conditions
Loan recallnotice	hi.01.2025	Bank
Statementofaccount		Bank

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Heard arguments and perused the case record.

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Ld. Counsel of applicant bank submitted that the defendant has taken the loan and utilized the same and also executed the loan documents to secure the loan. Further, submitted that the claim of the bank has been proved by documentary evidence. All the transactions were entered in the ledger of the loan accounts in the name of the defendant duly maintained by the applicant bank in its usual course of business. The interest /compound interest has been charged at such rates, and capitalized at such periodical rests as are permitted by and do not run counter to the directives of Reserve Bank of India.

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It is further submitted by Id. Counsel of applicant bank that there is no stay granted by any Higher Court, in respect of the proceedings of the present OA and requested to issue recovery certificate, as claimed for, in OA.

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It has been established that defendant is living and carrying on the business in the state of Bihar. Cause of action also arose in the State of Bihar. The said claim on the date of filing of application exceeded Rs.20 lacs. The applicant bank is functioning within the jurisdiction of this Tribunal. Therefore, this Tribunal has territorial as well as pecuniary jurisdiction to adjudicate upon the present application.

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On the issue of Limitation, to prove it, the applicant bank has submitted that the applicant bank has declared the account as NPA on 03.11.2024, whereas the present application has been filed on 03.03.2025. Even, it is counted for the purpose of Limitation, then it is established that the applicant bank has filed the case within the limitation period. As such, it is established that the present application has been filed well within the period 6f limitation.

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Shri Ashish Kumar, Manager of the applicant bank has filed the affidavit in support of contents of application and the documents as evidence and proved on oath the pleadings and documents of the applicant bank as stated above.

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t:a> Pr f \ f ) far Ofice?

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OA 162 of 2025jJI

DRT, PATNA

Section 19(3) of the Recovery of Debts and Bankruptcy Act, 1993 provides that the application u/s S.19 (1) shall be accompanied with true copies of all the documents relied on in support of the claim.

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The rule 12 (10) of the Debt Recovery Tribunal (Procedure) Rules, 1993, provides that if the defendant denies his liability to pay the claim made by the applicant, the tribunal may' act upon the affidavit of the applicant who is acquainted with the facts of the case or who has on verification of the record sworn the affidavit in respect of the contents of the application and the documents as evidence.

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The rule 12 (11) of the aforesaid Rules, provides that the provisions contained in section 4 of the Banker’s Books evidence that Act, 1891 (18 of 1891) shall apply to a certified copy of an entry in a Banker’s Books furnished along with application filed under sub section 1 of section 19 by the applicant.

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Section 4 of Banker’s Books evidence Act, 1891 runs as underS.4. Mode of proof of entries in bankers’ books.–Subject to the provisions of this Act, a certifIed copy of any entry in a banker’s book shall in all legal proceedings be received as prima facie evidence of the existence of such entry, and shall be admitted as evidence of the matters, transactions and accounts therein recorded in every case where, and to the same extent as, the original entry itself is now by law admissible, but not further or otherwise.

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As such the certified true copies of the documents are admissible in evidence. The statement of account maintained in the ordinary course of business is not only admissible but shall be taken as the correct statement of account, more so since the entries in the statement of account have not been challenged.

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On perusal of the application, documents, affidavit and on consideration of the arguments, it is proved that the defendant has applied for loan and the bank had sanctioned the loan and to secure the loan and for repayment of loan amount with interests etc., the defendant has executed various loan documents, as stated in the application and proved by aforesaid evidence. Defendant has neither denied the utilization of funds advanced by applicant bank nor has pointed out any specific error and discrepancy in the Statement of Account.

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The evidence discussed above goes to establish that the amount of loan as mentioned in the O. A., was availed by the borrower under the agreed terms and conditions for repayment with interest. The balance amount till 27.01.2025 has been proved to be Rs.21,86,865.56 only by way of statement of accounts. There is nothing to prove the amount \a> /nore than that disclosed in .',,, the @be Re:o ; e F; Tdbund

OA 162 of 20251JI

DRT1 PATNA

aforementioned statement. As such this amount is recoverable tiLI full and final realization of the claim.

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In my view, facts of the case stand proved by evidence of the applicant bank. Accordingly, the applicant bank is entitled to recover from defendant of Rs.219869865.56 along with pendente-lite and future interest @ 10% p.a. with compounded monthly rests from 03.03.2025 (The date of filing of this OA) till realization. So the final order may be passed accordingly, to meet the ends of Justrce.

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ORDER

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In the result, the application of the applicant bank is alloWed and debt is determined with costs against the defendant. The defendant is hereby, ordered to pay the applicant bank its debt amounting to Rs.21,86,865.56 along with pendente-lite and future interest @ 10% p.a. with compounded monthly rests from 03.03.2025 (The date of filing of this OA) till realization of the entire sum due and recoverable with costs.

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It is made clear that any amount deposited by the defendant, be deducted in the claim amount, if not deducted.

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Defendant is debarred from transferring, alienating encumbering or otherwise dealing with or disposing of the mortgaged or hypothecated or any other properties and assets without paying the aforesaid adjudicated dues to the applicant bank to secure the ends of justice. The mortgaged or hypothecated assets to secure the loan in question are hereby attached and shall be subject to the final order under the recovery proceedings in pursuance of the Recovery certificate issued under Section 19(22) of Recovery of Debts and Bankruptcy Act 1993. The applicant may submit the certified copy of this Judgment and the Recovery Certificate before the Registrar/Sub- Registrar to endorse the charge over the secured assets.

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Let a certificate of recovery be drawn up forthwith and put up for signatures in terms of provisions contained in Section 19(22) of the Act to be issued, on the basis of the order of the Tribunal to the Recovery Officer. The Recovery Officer shall realize the amount as per the certificate in the manner and mode prescribed under the Act from ths defendant, by sale of mortgaged/

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OA 162 of 2025jJl

DRT, PATNA

hypothecated assets as well as other personal movable/immovable assets of the defendant The Recovery OffIcer will issue demand notice to the CertifIcate debtors only after the proof of compliance under rule 16 of DRT (Procedure) Rules 1993, is submitted by the applicant. If The Applicant /Certiflcate holder fails to comply with directions of the Recovery Of$cer, the execution may be dismissed for non-prosecution. The copy of this judgment be uploaded in the website of the Tribunal.

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Parties are directed to appear before the Recovery Officer, DRT, Patna on 05.08.2026. The order be communicated accordingly.

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Judgment signed, sealed, dated and pronounced in the open court on 25tt1 day of June, 2026.

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y/: Lil„* [KaushalendraYadaf] Presiding Officer Debts Recovery Tribunal, Patna

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Dictated &corrected by me.

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Pr„tIling OPcer r1 Abb Recovely TnbwlaJ PATNA

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FORM NO. 9 [See Regulation 24( 1)]

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DEBTS RECOVERY TRIBUNAL PATNA

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2nd Floor1 (A. B & F WIng) Karpuri Thakur Sadan, Kendriya Karamchari Parisu (GPOA), Ashiana Digha Road, Patna-800025 .

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RECOVERY CE.RTIFIeATE UNDER SECTION 19(2) READ WITH SECTION 19(m OF THE RE(,'OVERY OF DEBTS & BANKRUPTCY ACT, 1993, AS AMENDED FROM TIME TO TIME.

RC No. 185/2026

Case No: OA/162/2025

In the Matter of:

(CH- 1) ICICI BANK LIMITED ZONAL OFFICE AT 3RD FLOOR, GULAB PALACE. NEAR PANCHMUKHI HANUMAN MANDIR, EAST BORING CANAL ROAD,

Applicant(s)

PATNA ,BIHAR -800001

(CD- 1) UMESH InA Gulab Jha R/o-Derhpura, Jhandhaba, Near Shiv Mandir, Vaishali ,BIHAR -844505

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Defendant(s)

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RegQvew Certjfigate for Rs 2186865,56 [_Rgpee s Twenty One LHkh$ EigUy Six ThQW sands Ejght Hundred My Five And Paise Fifty Six Only_I

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In terms of final order dated 25/06/2026 passed by this Tribunal in the above mentioned case, it is ordered that the Applicant Certificate Holder Bank is entitled to recover a sum of Rs. 2186865.56 along with cost, expenses and interest from the 03/03/2025 i.e. date of filing / with effective date of the OA/162/2025 and future interest from order date till the date of realisation in full, jointly or severally from the Certificate Debtors, hereinafter referred to as:-

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_ Sr.n	CD o_.--'	iLoan !='’"'- )’pe	! Int. i,_,--,:: le lype/	Int. Rate	Effective , Date	Order Date	lunt(Rs.)	Liability C1b	Interest : (aso, Order Date)	RC hmount(Rs,)	Remark
1	UMESH JHA		li::i	T:	:-:. :03/03/2025	i/202	62186865.56	!Fully	Interest	186865.56

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In case of failure to pay the aforementioned adjudicated amount within 30 days, same shall be recovered from the sale of the moHgaged/hypothecated assets as well as other personal movable/ Immovable assets of the certificate debtors.

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The mortgaged or hypothecated assets to secure the loan in question are hereby attached and shall be subject to the final order under the recovery proceeding in pursuance of the Recovery certificate issued under Section 19(22) of Recovery of Debts and Bankruptcy Act 1993. Parties are directed to appear before MANOJ KUMAR , Recovery Officer, DEBTS RECOVERY TRIBUNAL PATNA on 05/08/2026.

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The Recovery Officer shall realize the amount as per this Certificate in the manner and mode prescribed under Sections 25 to 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to time) from the above named Certificate Debtors.

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This Certificate has been issued under my signature and seal of the Tribunal on this 02/07/2026

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PRESDING OFFICER DEBTS RECOVERY TRIBUNAL PATNA Lbpt88tdia8 Ofic•r Registrar Debts RecoveFY TdIiw Debts RecoveryWpatna PATHA nTT ;a{#1 PfV&lUI, tr,Ill

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FORM NO. 10 [See Regulation 24(2)]

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DEBTS RECOVERY TRIBUNAL PATNA

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2nd Floor) (A. B & F Wing) Karpuri Thakur Sadan, Kendriya Karamchari Parisar (GPOA), Ashiana Digha Road, Patna-800025 .

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SCHEDULE TO RECOVERY CERTIFICATE MEMO OF COSTS

RC No. 185/2026

Case No: OA/162/2025

Applicant(s): ICICI BANK LIMITED Versus

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Defendant(s): UMESH JHA

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Item ofCosts	}Amount inRs
'eeon the application	i24000
'rocessFees(Inc. Publication)	10
AdvocateFees	10
Commissioner/Receiver/Valuation/SecurityFee	go
MiscellaneousCharges	to
otalCosts:Rs	524000

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Place: PATNA

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Date: 02/07/2026

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Note: Strike out whichever is not applicable

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PRESIDINtbofFICER DEBTS RECOVERY TRIBUNA~L PATNA

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Pleading Oficar Oabb Recr'HiT11bun'’

Icici Bank Limited v. Umesh Jha

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Umesh Jha

Case brief

What is this about?

What did the court decide?

What the court decided

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