Allowed

Icici Bank Limited v. Chintala Narendra

DRT11 Sept 2026OA/567/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal granted the applicant bank's original application for recovery of a debt. The respondent appeared ex-parte. The court held the bank entitled to the claimed sum with future interest and costs.

What did the court decide?

The defendant is liable to pay Rs.25,83,977/- with future interest and costs; the applicant bank is entitled to proceed against the defendant's person and properties and issue a recovery certificate.

Icici Bank Limited versus Chintala Narendra — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE 11TH DAY OF SEPTEMBER, 2026

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), [4.A. PRESIDING OFFICER

¶3

Original Application No: 567 OF 2026

¶4

ICICI Bank Limited., Gachibowli, ICICI Towers, Serilingampally Mandal, Ranga Reddy District. Rep. by its Authorised Signatory.

¶5

.Applicant

¶6

Versus

¶7

Mr. Chintala Narendra, S/o. Lakshmi Narasimham, Gender Male, Age about 33 Years Occ: Private Employee, R/o.H.No.8-328 Raviteja Nilayam, 2nd Floor, Indra Reddy Allwyn Colony, Near Shivalayam Temple, Miyapur Medchal Malkajgiri District, Hyderabad, Telangana-500049.

¶8

Also at:-

¶9

Mr. Chintala Narendra, S/o. Lakshmi Narasimham, Gender Male, Age about 33 Years Occ: Private Employee, O/o. IBM India Pvt. Ltd., Orioin 87 Divyashree Tech Park, Divyashree SEZ Raidurgam Sy No.66/ 1, Hyderabad-500032 Telangana State.

¶10

Also at:l,lr. Chintala Narendra H.No. 2-2, Akkacheruvu Palem Village Paidipadu Post, Zarugumalli Mandalam Prakasam District, Ongole, Andhra Pradesh - 52327 7.

¶11

......Defendant

¶12

Counsel for the Applicant : Mr. G. Adrian Kiran^Raj Defendants I ex-paftey'vx.,r\

OA.No,567/2026

:: ORDER ::

The Applicant Bank filed the present OA for the recovery of a sum of Rs.25,83,977/- as on 16.05.2026 from the defendant with future interest @2470 p.a. with monthly rests from 30.08.2024 till the date of realisation alonq with costs.

¶17

Summon served on sole defendant through paper publication and was set ex-parte on 03.09.2026 as called absent and no representation.

¶18

The Applicant Bank examined Kala Rajayaswanth, Legal Manager as AW-1 and marked 07 documents through him as Ex. A.1 to Ex. 4.07 .

¶19

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

¶20

The point that arises for consideration is:-

¶21

Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendant?

¶22

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.07 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.

¶23

In the result, the present Original Apptication No.56712026 is alowed as under: - /fltuz-^.xl-., lJ/Kltw"

¶24

OA.No.567/2026

¶25

¶26

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.25,83,977l- with future interest @10.5% p.a. simple, from the date of application till the date of realization;

¶27

ii) the applicant bank is also entitled to proceed against the person and properties of the defendant for realization of its dues;

¶28

iii) the applicant bank is entitled for the costs.

¶29

The Applicant Bank is directed to file Cost Memo within 2 weeks from the date of receipt of this Order.

¶30

Issue Recovery Certificate accordingly.

¶31

Communicate a copy of this order to the parties concerned. (Dictated to the steno., transcribed by him, corrected, signed and pronounced by me in the open court on this the 1lth day of September, 2025).

¶32

6$"*,x (RFffESHWAR KOTHE) PRESIDING OFFICER

¶33

¶34

oA.NO.567/2026.

¶35

03.09.2026. Ms. D Prasanna representing GAKR counsel for applicant present. PP filed for sole defendant, called absent, no representatlon and set exparte. A1 to 7 already marked and reported no further AE. For exparte arguments, call on 11.09.2026.

¶36

7fr,v2 v P.o.

¶37

t7.09.2026 Ms. D Prasanna representing GAKR counsel for aPPlicant submitted exparte^a rguments. orders will be^passed during cou rse, OY

¶38

77.09.2026 Orders Pronounced, vide separate sheets. In the result OA.No.567l2026^is allowed '"'7'** Recovery Certifi cate accordingly.

Icici Bank Limited v. Chintala Narendra

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Chintala Narendra

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

Srinivas Gadwala versus LIC Housing Finance Ltd.

Uco Bank versus Prasanna Lakshmi a Guptha

Icici Bank Limited versus M L Chandra Hasa

Gatla Srikanth versus LIC Housing Finance Ltd.

Ms Amaravathi Hp Gas Agency versus Bank of Baroda

Indian Bank versus M S R K Traders