Allowed

Icici Bank Limited v. Sri. Doulathabad Ramesh Kumar

DRT2 Jan 2026OA/466/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed an Originating Application filed by ICICI Bank against two defendants. The court found the defendants jointly and severally liable to pay Rs. 22,73,085.35 with future interest and directed the issuance of a recovery certificate along with costs to the applicant bank.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 22,73,085.35 with future interest @ 12% p.a.; recovery certificate issued; costs awarded.

Icici Bank Limited versus Sri. Doulathabad Ramesh Kumar — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL - I AT HYDERABAD DATED THIS THE 2Nd DAY OF JANUARY,2O26

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PRESENT: SRt GUMMADT cOptCHAND, pREStDtNG OFFICER

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OA. No.466 OF 2O2S

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Between: lClClBank, lClClTowers, Plot no. 12, Nanakramguda, Serilingampally, Ranga Reddy District Telangana - 500 032 Represented by its^power of Attorney Applicant VERSUS 1. Sri. Doulathabad Ramesh Kumar S/o. Babu Rao, Age about 46 years, Male, H.No. 1-44, Athnoor village, NyalkalMandal, Sangareddy District, Telangana -502251. 2. Smt. Doulathabad Swapna Wo. Doulathabad Ramesh Kumar, Age about 40 years, Female, H.No. 1-44, Athnoor village, NyalkalMandal, Sangareddy District, Telangana -502251 Defendants ffi * o2iAil2826^* " e,?W-'#

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Applicant

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(OA. No. 466/202s)

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Counsel for the parties :

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For The Applicant R. Rajendra Prasad For the Defendant Exparte Reserved on 23.12.2025 Pronounced on 02.01.2026 Upload in website on 05.01.2026

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ORDER

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The Applicant Bank fired the present oA against Defendants for recovery of a total sum of Rs.22,73,0g5.35 ps. (Rupees Twenty Two Lakhs Seventy Three Thousand Eight Five and Paise Thifi Five Only) with future interest @ 24o/o p.a with monthly rests from 18.09.2025 till the date of realization and in default for sale of Mortgaged properties as mentioned in the Schedules of Properties A and B to OA.

¶11

As per the averments in the application, the Applicant Bank states that Defendants availed Loan under Kisan credit card facility of Rs.18,01,400/- repayable in 5 years with interest @11.TOo/o p.a with and executed Hypothecation Deed dated of the Applicant Bank. The defendants .* cft mentioned in Schedule of Propefi A r '' !' L''-

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(oA. No. 466/202s)

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and B to OA and executed Mortgage Deed dated 03.03.2016 in favor of the Applicant Bank. After avaiting the loan facility, the defendants failed to comply the terms of sanction, hence the applicant bank classified the account as NpA on 25.02.2024 and issued Loan Recalr notice dated 31.05.2024 to the defendants. lnspite of several requests and demands, the defendants did not clear the outstanding. Hence this OA.

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Defendants called absent and set exparte on 12.12.2025.

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Sri. Kalva Rajayaswanth, Area Relationship Manager of the Applicant Bank examined himself as AW.1 and exhibited relevant documents, which are marked as Ex.A.1 to A.14.

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Heard the Ld. Counsel for the Applicant Bank.

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o. The point that arise for consideration is whether the Applicant bank is entitled for the claim made in the OA against the Defendants as prayed for? 7. Defendants remained exparte. To substantiate the case of the Applicant Bank, AW.1, officiat of the Appticant Bank was examined and he exhibited relevant documents as Ex.A.1 to 4.14. I of the above, I hotd that the Applicant Bank has im made in the OA against the Defendants A\ I^, ,^ * ti JA|,l 'N2E

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(oA. No. 455/202s)

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and hence the Applicant Bank is entitled to recover the claim made in the OA with future interest and costs.

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ln the result, the present OA is allowed with costs, as under :

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The Defendants No. 1 and 2 are^jointly and severally liable to pay to the Applicant Bank a total sum of of Rs.22,73,085.35 Ps. (Rupees Twenty Two Lakhs Seventy Three Thousand Eight Five and Paise Thirty Five Only) with future interest @ 12% p.a from 18.09.2025 till the date of realization.

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The Applicant Bank is entitled to proceed against the Mortgaged Properties mentioned in the Schedule of the Property A and B to the OA towards realization of the debt due.

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The Applicant Bank is also entitled to proceed against the person and properties of defendants No. 1 and 2 towards realization of the debt due.

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That Applicant Bank is entitled to the costs of the OA.

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(oA. No. 455/202s)

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The Applicant shall fire a cost memo within two weeks from the date of receipt of order.

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lssue Recovery Certificate accordingly.

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Communicate a copy of the order to the parties concerned.

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(oictated to the P A., transcribed by her, correcled, signed and pronounced by me in the open court on this the 2d day of Jan, 2026)

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sd/(c. coPtcHAND) PRESIDING OFFICER

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ff:yffiH*

¶35

DRT.I, HYDERABAD,

Icici Bank Limited v. Sri. Doulathabad Ramesh Kumar

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Sri. Doulathabad Ramesh Kumar

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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Case details

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