Allowed

M/s. Icici Bank Limited. v. Mr. Dukka Rajesh Kumar

DRT13 Aug 2026OA/552/2026

Case brief

AI extract

What is this about?

This half-page order in a debt recovery proceeding allowed the applicant bank's claim of approximately Rs. 38.91 lakh against the defaulting respondent, including interest and costs, while securing the debt via a hypothecated vehicle.

What did the court decide?

Ordered respondent to pay Rs. 38,91,638.58 with future interest at 8.50% p.a. and penal charges; recovery to be secured by hypothecated vehicle and other properties; recovery certificate issued.

M/s. Icici Bank Limited. versus Mr. Dukka Rajesh… — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRiBUNAL-II AT HYDERABAD

¶2

DATED THIS THE 13TH DAY OF AUGUST, 2026

¶3

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

¶4

ORIGINAL APPLICATION No: 552 0F 2026

¶5

M/s. ICICI Bank Limited., Regional Office at Gachibowli, Hyderabad. Rep. by its Authorized Signatory.

¶6

.....Applica nt.

¶7

Versus

¶8

Mr. Dukka Rajesh Kumar, S/o. Rama Rao Dukka, Aged about 38 Years, occ: Private Employee, R/o. LIG 48, Ground Floor Balaji Nagar, Near Omni Hospital Kukatpally, Hyderabad - 500072.

¶9

Also at:-

¶10

Value Labs Solutions LLP, Plot No.41 Phase II, Hi Tech City, Hyderabad-500081.

¶11

Also at: -

¶12

F.No. 507, Vertiqle Veda Apartment Dundigal Gandimaisamma, Dommara Pochampally, Medchal Malkajgiri - 500043.

¶13

...Defendants

¶14

Counsel for the Applicant : Mr. B. Ravindra Reddy

Defendants

: Ex-parte

:: (LLLE& ::

The Applicant Bank filed the^present OA for^{the recoverya total} sum of Rs.38,91,638.58ps i.e.,⁽ⁱ⁾ Rs.15,76,473l-^towardsLoan A/c. No. LPHYD000 45792224,⁽ⁱⁱ⁾ Rs.8,56,632l-^towardsLoan A/c.No.1AHYD00047033118,^{(iii) Rs.12,15,139/- towardsLoan} A"/c. No. LPHYDoo047080823 and^{(iv) Rs.2,43,394.58ps towards} Loan A/c. No.SPHYD00049576098 from the defendant^with /futr*u(,/ '"

¶19

oA.NO.552/2026

¶20

¶21

future interest @10.500/o, 8.5o/o, 70.25o/o and 1370 p.a. and penal charges @ 2% p.m. compounded at monthly from 16.05.2026 till the date of realization along with costs and in default for sale of hypothecated vehicle.

¶22

Summon served on sole defendant and was set ex-parte on 73.07.2026 as called absent and no representation.

¶23

The Applicant Bank examined Kalva Rajayaswanth, Manager, as AW-1 and marked 25 documents through him as Ex.A.1 to Ex.A.25.

¶24

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

¶25

The point that arlses for consideration is:-

¶26

whether the Applicant Bank is entitled for the claim made in the OA against the Defendant and oA hypothecated vehicle?

¶27

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs.A.1 to A.25 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.

¶28

In the result, the present Original Application No.552/2026 is allowed as under: -

¶29

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.38,91,638.58ps {wrs

¶30

oA.NO.sS2l2025

¶31

¶32

i.e., (i) Rs.15,76,473/- towards Loan A/c. No. LPHYD00045792224, (ii) Rs.8,56,632/towards Loan A/c. No. 1AHYD00047033118, (iii) Rs.12,15,139/- towards Loan A/c. No. 1PHYD00047080823 and (iv) Rs.2,43,394.58ps towards Loan A/c. No. SPHYD00049576098; with future interest @8.5olo^p.a. simple from the^{date of} application till the date of realization;

¶33

ii) the OA claim is secured by way of hypothecatlon 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;

¶34

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

¶35

iv) the applicant bank is entitled for the costs.

¶36

The Applicant Bank is directed to file Cost Memo within^{2 weeks} from the date of receipt of thls Order.

¶37

Issue Recovery Certificate accordingly.

¶38

communicate a copy of this order to^{the parties concerned.} (Dictated to the steno, corrected, signed and pronounced by me in,the open court^on this the 13rh Day ofAugust,2026).

¶39

36\r.'' ESHWAR KOTHE) PRESIDING OFF]CER

M/s. Icici Bank Limited. v. Mr. Dukka Rajesh Kumar

Case brief

What is this about?

What did the court decide?

M/s. Icici Bank Limited. v. Mr. Dukka Rajesh Kumar

Case brief

What is this about?

What did the court decide?

What the court decided

A compact analysis

Issues for consideration

Parties & counsel

Coram

Case details

Similar cases

Bank of Maharashtra versus M/s. Orginpulse Pharmaceuticals Private Limited

State Bank of India versus Kothapalli Dharma Teja

Hdfc Bank Ltd. versus Mohd Ikram Khan

Dcb Bank Limited versus Sagara Basavana Goud

Bank of Maharashtra versus Vangaveti Jyothi

Bank of India versus M/s. Chaitanya Metal Industries.