Allowed

Icici Bank Limited v. Karri Venkata Dorareddy

DRT11 Sept 2026OA/570/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal disposed of Original Application No. 570 of 2026 filed by ICICI Bank for recovery of debt. Declaring the defendant liable ex-parte, the Tribunal ordered payment of the claimed sum with interest and directed the issuance of a Recovery Certificate.

What did the court decide?

Defendant ordered to pay Rs. 22,76,736 with interest; costs awarded; Recovery Certificate directed to be issued.

Icici Bank Limited versus Karri Venkata Dorareddy — Banking and Recovery | DRT (2026)

¶1

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

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PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), f4.A. PRESIDING OFFICER

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Original Application No: 570 OF 2026

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

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.....Applicant

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Versus

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Karri Venkata Dorareddy, S/o. K. Surya Narayana Reddy, Aged about 74 Years Occ: Private Employee, R/o. Plot No. 16 Fenthen Green Park Line No. 1A, Near Brundhavan Colony, Ameenpur Medak - 502032, Telangana State.

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Also at:-

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Karri Venkata Dorareddy, S/o. K. Surya Narayana Reddy, Aged about^{74 Years} Occ: Private Employee, O/o.^{Virtusa Consulting} Services Pvt. Ltd., The Capital^{Park 203} Gachibowli, Near Wipro circle,^Hyderabad Telangana State - 500032.

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Also at:-

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Karri Venkata Dorareddy,^{S/o.K. Surya} Narayana Reddy, Aged about^{74 Years} Occ: Private Employee,^{R/o. H.No.2-136} Maha Lakshmi Gudi^{Veedi, Ubalanka} Ravulapalem, East Godavari -⁵³³²³⁷ Andhra Pradesh State.

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Counsel for the^Applicant : Mr. G. Adrian Kiran^Raj Defendants ,e*-ou*"7ft*d.:\

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OA.No.570/2026

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:: ORDER ::

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The Applicant Bank filed the present OA for the recovery of a sum of Rs.22,76,736/- as on 16.05.2026 from the defendant with future interest @24% p.a. with monthly rests from 05.02.2026 tilt the date of realisation along with costs.

¶16

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

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

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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 enti ed 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.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.

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In the result, the present Original Arplication No.57012026 is arrowed as under: -

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?W^"

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OA.No.570/2026

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.22,76,t36l- with future interest @10.5olo p.a. simple, from the date of application till the date of realization;

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

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iii) the applicant bank is entitled for the costs.

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The Applicant Bank is directed to file Cost Memo 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, signed and pronounced by me in the open court on this the 1lih day of September, 2026).

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Zk^*t SHWAR KOTHE) PRESIDING OFFICER

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oA.NO.57Ol2026.

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0 3.09.2026. Ms. D Prasanna representing^{GAKR counsel for appllcant} present. PP filed for sole defendant, called^absent,no representation and set exparte.^{A1 to 7 alreadymarked} and reported^{no further AE. For exparte arguments,callon} 11.09.2026. /A\tn/ U,/p.o.

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11.09.2026 N4s. D Prasanna representing GAKR counsel for applica nt su bmitted exparte arguments. Orders will be^passed during course.

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1 1 .09.2026 Orders Pronounced, vide separate sheets. In the result OA.No.570/2026 is allowed with costs. Issue Recovery Certificate accordingly. v)Y'^"'oL t-/' P.o.

Icici Bank Limited v. Karri Venkata Dorareddy

Case brief

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Icici Bank Limited v. Karri Venkata Dorareddy

Case brief

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