In an ex-parte original application for recovery of dues, the Debts Recovery Tribunal allowed the applicant bank's claim for principal and reduced future interest, adjudgeing the mortgaged properties as security.
Order allowed; Defendants to pay Rs. 20,65,554.23 plus future interest at 7% p.a. from 30.08.2025. Recovery Certificate issued.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
Presented on: 30.08.2025 Registered on: 15.10.2025 Decided on: 05.08.2026 Duration: Y M D 00 11 06
IN THE DEBTS RECOVERY TRIBUNAL AT AURANGABAD (Before Shri Dr. J. R. Chauhan Presiding Officer) ORIGINAL APPLICATION No. 616/2025
TOTAL CLAIM AMOUNT – Rs. 20,65,554.23/-
ICICI Bank Ltd.,
A Registered Company, Having its Registered Office at ICICI Bank Tower, Near Chakali Circle, Old Padra Road, Vadodara (Gujrat) – 390007 And having one of its Branch Office at ICICI Bank Ltd., Shah Bulding, Main Road Jawala Tehshil - Jamkhed, 413201. Through it’s Power of Attorney Holder Shri. Pravin Bhausaheb Gadekar, Age: 27 Years, Occu: Service, R/o: C/o. ICICI Bank Ltd., Cherikar Prestine, Plot No. 4, Opp. LIC Office, Bhagya Nagar, Adalat Road, Chh. Sambhajinagar – 431001.
… Applicant
Versus
(OA No. 616-2025)
Page 1 of 13
[Ambadas]
Age: 59 Years, Occ. : Agri, R/o: Taradgaon, Nimbodj,
Tal. Karjat, Ahmednagar- 413201.
Mob. No.: 9766656538. E-mail: [email protected]
Age: 82 Years, Occ. : House wife,
R/o: Taradgaon, Nimbodj,
Tal. Karjat, Ahmednagar- 413201.
Mob. No.: 9766656538.
APPEARANCES
For the Applicant Mr. Umesh N. Shete - Advocate For Defendants Ex-parte
J U D G M E N T Delivered on (05.08.2026)
(OA No. 616-2025)
Page 2 of 13
[Ambadas]
Three Paisa Only) together with interest @12% p.a. with yearly rests in respect of Kisan Credit Card Facility from 15.07.2025 till
the full realization of the entire dues and costs from the Defendants.
Brief facts of the application are as under:
The agreed rate of interest for the Kisan Credit Card Facility was @12% p.a. with yearly rests.
(OA No. 616-2025)
Page 3 of 13
[Ambadas]
Defendants executed loan documents in favour of the Applicant Bank namely sanction letter, demand promissory note, request
letter, hypothecation agreement, letter of undertaking etc.
Description of Mortgaged immovable properties:
Gat No. 100/2/A, admeasuring area 0 H 42 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by Defendant No. 1 (Baban Bhujaba Keskar) and bounded as under:
East :- Gut No. 100/2B, West :- Gut No. 100/2B, South :- Gut No. 99/3, North :- Gut No. 101.
(OA No. 616-2025)
Page 4 of 13
[Ambadas]
Gat No. 103/2, admeasuring area 1 H 37 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by Defendant No. 1 (Baban Bhujaba Keskar) and
bounded as under:
East :- Gut No. 104/1, West :- Gut No. 102/2/1, South :- Gut No. 106/2/1, North :- Shiv.
Gat No. 106/2/1, admeasuring area 1 H 28 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by Defendant No. 1 (Baban Bhujaba Keskar) and
bounded as under:
East :- Gut No. 105/1, West :- Gut No. 106/2/1, South :- 106/2/2, North :- 103/1.
Gat No. 100/2/A, admeasuring area 0 H 43 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by Defendant No. 2 (Sesabai Bhujang Keskar) and bounded as under:
(OA No. 616-2025)
Page 5 of 13
[Ambadas]
East :- Gut No. 100/2B, West :- Gut No. 100/2B, South :- Gut No. 99/3, North :- Gut No. 101. 5. All the piece and parcels of Agricultural Land
Gat No. 103/2, admeasuring area 1 H 38 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by Defendant No. 2 (Sesabai Bhujang Keskar) and bounded as under: East :- Gut No. 104/1, West :- Gut No. 102/2/1, South :- Gut No. 106/2/1, North :- Shiv.
(OA No. 616-2025)
Page 6 of 13
[Ambadas]
failed to keep their promises and commitments agreed by them with regard to due repayment of the loan amount. The Defendants failed to operate the loan account properly and failed to pay the agreed rate of interest as per terms and conditions of the sanction letter. Thereafter the Applicant Bank repeatedly made demand of loan amount and called upon the Defendants to pay with the agreed rate of interest thereon, but the Defendants failed and neglected to pay the same. The loan account of the Defendants became irregular and classified as NPA. Therefore, the Applicant Bank issued legal notice to the Defendants through their Advocate. Despite service of Notice, the Defendants failed and neglected to repay the outstanding dues of the Applicant Bank. Hence, this application is filed.
(OA No. 616-2025)
Page 7 of 13
[Ambadas]
Applicant Bank and has produced on record the original loan transaction documents as per Exh. AW-1/1 to AW-1/10 alongwith List of documents Exh.5, which corroborates the case of the Applicant Bank.
Hence, I pass the following order.
(OA No. 616-2025)
Page 8 of 13
[Ambadas]
ORDER
(A) Original Application No. 616/2025 is allowed with costs.
(B) The Defendants shall pay Jointly and Severally to the Applicant Bank a sum of Rs. 20,65,554.23/- (Rs. Twenty Lakhs, Sixty-Five Thousand, Five Hundred Fifty-Four and Twenty-Three Paisa Only) along-with future interest at @7% per annum (simple) from the date of filing of the Original Application, i.e., 30.08.2025, till full payment/ realization of the said amount.
(C) The aforesaid adjudicated amount is secured by immovable mortgaged properties in favour of the Applicant Bank vide document Exh. AW-1/7 in list of Documents Exh.5. The mortgaged properties are described as follows:
Description of Mortgaged immovable properties:
(OA No. 616-2025)
Page 9 of 13
[Ambadas]
Gat No. 100/2/A, admeasuring area 0 H 42 R, situated at village Anandwadi, Tq. Karjat,
Dist. Ahmednagar, Owned by
Defendant No. 1 (Baban Bhujaba Keskar) and
bounded as under:
East :- Gut No. 100/2B, West :- Gut No. 100/2B, South :- Gut No. 99/3, North :- Gut No. 101.
situated at village Anandwadi, Tq. Karjat,
Dist. Ahmednagar, Owned by
Defendant No. 1 (Baban Bhujaba Keskar) and bounded as under: East :- Gut No. 104/1, West :- Gut No. 102/2/1, South :- Gut No. 106/2/1, North :- Shiv.
(OA No. 616-2025)
Page 10 of 13
[Ambadas]
Gat No. 106/2/1, admeasuring area 1 H 28 R, situated at village Anandwadi, Tq. Karjat, Dist. Ahmednagar, Owned by
Defendant No. 1 (Baban Bhujaba Keskar) and bounded as under:
East :- Gut No. 105/1, West :- Gut No. 106/2/1, South :- 106/2/2, North :- 103/1.
Gat No. 100/2/A, admeasuring area 0 H 43 R,
situated at village Anandwadi, Tq. Karjat,
Dist. Ahmednagar, Owned by
Defendant No. 2 (Sesabai Bhujang Keskar) and
bounded as under:
East :- Gut No. 100/2B, West :- Gut No. 100/2B, South :- Gut No. 99/3, North :- Gut No. 101.
Gat No. 103/2, admeasuring area 1 H 38 R,
(OA No. 616-2025)
Page 11 of 13
[Ambadas]
situated at village Anandwadi, Tq. Karjat,
Dist. Ahmednagar, Owned by
Defendant No. 2 (Sesabai Bhujang Keskar) and
bounded as under:
East :- Gut No. 104/1, West :- Gut No. 102/2/1, South :- Gut No. 106/2/1, North :- Shiv.
Defendant No. 2 (Sesabai Bhujang Keskar) and bounded as under:
East :- Gut No. 105/1, West :- Gut No. 106/2/1, South :- 106/2/2, North :- 103/1.
(D) The Applicant Bank is entitled to sell the mortgaged immovable properties and hypothecated articles /goods etc., to recover its dues.
(OA No. 616-2025)
Page 12 of 13
[Ambadas]
Sd/-
Place : Aurangabad Date : 05.08.2026
(Dr. J. R. Chauhan) Presiding Officer Debts Recovery Tribunal, Aurangabad
(OA No. 616-2025)
Page 13 of 13
[Ambadas]
1 issue framed by the court
Whether the applicant bank is entitled to recover outstanding dues along with interest upon defaults by defendants.
1 provisions across 1 enactments
ICICI Bank Ltd.
Dr. J. R. Chauhan
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
