Allowed

Icici Bank Limited v. M L Chandra Hasa

DRT9 Sept 2026OA/608/2026

Case brief

AI extract

What is this about?

Debts Recovery Tribunal allowed an Original Application filed by ICICI Bank against M L Chandrahasa Reddy. The Tribunal held the defendant liable to pay the claimed sum with interest and costs based on the applicant's evidence.

What did the court decide?

Defendant liable to pay Rs. 24,99,328 with interest; applicant entitled to realization of dues and costs.

Icici Bank Limited versus M L Chandra Hasa — Banking and Recovery | DRT (2026)

¶1

]N THE DEBTS RECOVERY TRIBUNAL.]I AT HYDERABAD

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DATED THIS THE OgTH DAY OF SEPTEIVIBER, 2026

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

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PRESIDING OFFICER

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Original Applicatlon No: 608 OF 2026

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M/s. ICICI Bank Limited., One Such Branch is Situated at Plot No,12 ICICI Bank Towers, Gachibowli, Hyderabad-500012. Rep. by its Authorised Signatory.

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.....APplicant

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Versus

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M L Chandrahasa Reddy. S/o. Venkat Rami Reddy, Aqed 45 Years, Occ: Service With Employee ID - 10352713, Working at NTT Data Informtion Processing Services Private Limited., Office Address Block No.6123 Rd No.2, Whitefield EPIZ Zone Bangalore-560056.

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Also at:-

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R/o. 5U142-21-6-5 ANGO Colony Kothapeta Rayachoty, Cuddapah - 516269.

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Also at:R/o. 3/148 Suddamalla obul Reddy Gariapalli Guddapah - 516504.

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......Defendant

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Counsel for the Applicant : M/s. Vishnu Grover & Associates Defendants : Ex-parte

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:: qLLLL ::

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The Applicant Bank filed the^present OA for the recovery of a sum of Rs.24,99,3281- as on 05.06.2026 from the defendant with future interest @ 18o/o p.a. with monthly rests from 05.02.2025 tlll the date of reatisation atong with .ortsffil$

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OA.No.608/2026

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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 Kalva Rajayaswanth, Legal Manager as AW-1 and marked 07 documents through him as Ex. A.1to 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 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.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 Apptication No.608/2026 is allowed as under: -

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i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.24,99,328/with future interest @11olo p.a. simple, from the date of appllcation till the date of realization i /AW,"i

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OA.No.608/2026

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

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reallzation 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 CertiRcate accordingly.

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Communicate a copy of this order to the^parties concerned. (Dictated to the steno., transcribed by him, corrected, siSned and pronounced by me in the open court on this the Ogth day ofSeptember, 2026).

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K*'**

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SHWAR KOTHE) PRESIDING OFFICER

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oA.NO. 60812026

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01.09.2026. A npplicant counsel present and filed memo submitting that summons sent rnl la to aala sole z{afanlan} defendant served aamtaA as 6- AAF per PTR. D'|.D NlaNo representation for the defendants and hence called absent. ,'Daal=l rnaainla snz{ DTD filaz{ l\rla}}ar nlaaal hafa-a }hn lJan'}rln PO for appropriate orders. call on 03.09.2026.

¶37

03.09.2026	SriJaspalsinghrepresen	tingvGAcounselforappricant
	present.PPfiledforsole	defendant,called absent,no
	representationandsetexp	arte. 41to7alreadymarked
	and reported nofurtherAE. 09.09.2026.	Forexparte arguments, callon

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	/n\\s./ ()';.;.
09.09.2026	srivishnuGrover counselforapplicant submittedexparte arguments.Orderswillbepassedduringcourse. ,.x /flr>z / {/' V P.O.
09.09.2026	OrdersPronounced,vide separatesheets.
	IntheresultOA.No.60g/2026isallowed with RecoveryCertificateaccordingly. costs.Issue fiW'(''rd t)' P.o.

Icici Bank Limited v. M L Chandra Hasa

Case brief

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Icici Bank Limited v. M L Chandra Hasa

Case brief

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