Allowed

Icici Bank Limited. v. Sri Sai Hospital.

DRT10 Jul 2026OA/23/2025

Case brief

AI extract

What is this about?

The DR Tribunal allowed the Original Application filed by ICICI Bank Limited for recovery of dues. Being in ex-parte, the claim was accepted based on evidence filed. The Bank is directed to file Cost Memo and issue Recovery Certificate.

What did the court decide?

Allowance of OA; recovery of ₹79,24,948.80 with interest; permission to proceed against vehicle/person/property; Recovery Certificate issued; Applicant directed to file Cost Memo.

Icici Bank Limited. versus Sri Sai Hospital. — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TR]BUNAL-II AT HYDERABAD

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DATED THIS THE 1OTH DAY OF ]ULY, 2026

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PRESENT: SH. RAMESHWAR KOTHE, B.COM., L.LB.^(HONS.), M.A. PRESIDING OFFICER

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ORIGINAL APPLICATION No: 23 OF 2025

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ICICI Bank Limited.,

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Having its Branch Office at Street No.1 Beside Old Airport Road, Begumpet Hyderabad, Telangana.

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Rep. by its Authorized Signatory.

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.....Applicant.

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Versus

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Sri Sai Hospital., Road No.5, Vijaya Nagar Colony Kukatpally, Hyderabad - 500072.

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Marripalepu V. Kamalakar HIG 265, F No. 102, Padmaja Arcade 6th Phase, KPHB Colony, Hyderabad-500072.

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. .. Defenda nts

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Counsel for the Applicant

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: Mr. G. Kalyan Chakravarthy

Defendants

: Ex-parte

:: (LLLq& ::

The Applicant Bank filed the present OA for the recovery a total sum of Rs.79,24,948.80ps towards Loan A/c. Nos. UPHYD00047320879 and 1AHYD00047901782 from the defendants^jointly and severally with future interest @11.250lo p.a. from the date of application till the date of realization along with costs and in default for sale of hypothecated vehicle.

//W.tt..,u ,-/ \,

oA.NO.23l202s

Summons served on D1 and 2 through^{paper publication.} They were set exparte on 23.02.2026 as called absent and no representation.

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The Applicant Bank examined Kalva Rajayaswanth, Legal lvlanager, as AW-1 and marked 13 documents through him as Ex. A.1 to Ex. A.13.

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Heard the Ld. Counsel for the Applicant Bank. Perused the material^placed on record.

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The^point that arises for consideration is:-

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Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA hypothecated vehicle?

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As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.13 marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are^jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

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In the result, the present Original Application No.2312025 is allowed as under:^-

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i) The Defendants are^jointly and severally liable to pay to the Applicant Bank a sum of Rs.79,24,948.80ps towards Loan A/c. Nos. u PHY Do oo47 3 2 o an 1fr'g-rrot.t6 and

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oA.NO.2312025

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LAHYD0004790L782 with future interest @11.25olo^p.a. simple from the date^of application till the date of realization;

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

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

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iv) the applicant bank is entitled for the costs.

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B. The Applicant Bank is directed to file Cost^{Memo within2 weeks} from the date of receipt of this Order.

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the^pa rties concerned. (Dictated to the steno, corrected, siBned and pronounced by me in the open court on thls the 1o'h Day of July, 2026).

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PRESIDING OFFICER

Icici Bank Limited. v. Sri Sai Hospital.

Case brief

What is this about?

What did the court decide?

Icici Bank Limited. v. Sri Sai Hospital.

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Statutes considered

Parties & counsel

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