Allowed

Icici Bank Limited v. Vallapu Ashoka

DRT8 Jan 2026OA/319/2025

Case brief

AI extract

What is this about?

The DRT allowed the bank's application against a defaulting debtor who remained absent after paper publication summons. The court held the defendant liable to pay the outstanding claim with future interest and costs based on the marked documentary evidence.

What did the court decide?

The defendant is directed to pay Rs.27,74,347.22 with future interest @10.90%p.a.; plaintiff entitled to proceed against defendant's properties and costs; Recovery Certificate to be issued.

Icici Bank Limited versus Vallapu Ashoka — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE OBTH DAY OF JANUARY, 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: 319 OF 2025

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ICICI Bank Ltd., ICICI Towers, Gachibowli Serilingampally Mandal, Rangareddy District. Rep. by its Authorised Signatory,

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.....Applicant

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Versus

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Vallapu Ashoka, S/o. Vallapu Venkatramana Age 35 Years, Occ: Private Service House No.2, Bhasireddingaripalli, Jandrapeta Kamhamvaripalli, Maddipatla, Chittoor Andhra Pradesh - 517213.

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Also at:-

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Vallapu Ashoka, S/o. Vallapu Venkatramana Age 35 Years, Occ: Private Service C/o. Others Publicis Sapient, Plot No.5 and 6 Block 45th Floor, Divya Sree Trinity, Hitech City Layout, Hyderabad - 500081.

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uti....o"fendant

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Counsel for the Applicant : M/s. Lotus\ Law Associates Defendants : Ex-parte

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.27 ,74,347 .22ps from the defendant with future interest @10.90o/o^{p.a. compounded} with monthly^{rests from the date of} application till the date of realisation along with costs.^' , f

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oA.No.319/2025

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Summon served on sole defendant through^{paper publication and} was set ex-parte on 2t.08.2025 as called absent and^no representation.

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The Applicant Bank examined Kalva Raja Yaswanth,^Area Relationship Manager as AW-1 and marked 08 documents^through him as Ex. A.1 to Ex. A.08.

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Heard the Ld, Counsel for the Applicant Bank and^{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 Defendant?

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As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.0B marked on behalf of the Applicant Bank clinches the claim of the Applicant Bank against the Defendant. Hence, I hold that the Defendant is 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.319/2025 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.27,74,347.22ps with future interest @10.90o/o^p.a. simple, from the date of application till the date of realization I O*$

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oA.No.319/2025

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ii) the applicant bank is also entitled^{to proceedagainst} th'e person and^properties of^{the defendantfor} realization of its dues;

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iii) the applicant bank^{is entitledfor the costs.}

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B. The Applicant^{Bank is directed to file CostMemo within 2 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 parties concerned.} (Dictated to the steno., transcribed by^{him, corrected,signedand pronounced by me in the} open court on this the^{08thday ofJanuary,2026'}

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.'....,, :.}t'

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(RAMESHWAR KOTHE) PRESIDING OFFICER

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Icici Bank Limited v. Vallapu Ashoka

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Vallapu Ashoka

Case brief

What is this about?

What did the court decide?

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