Allowed

M/S. Icici Bank Limited v. Perugu Premalatha

DRT27 Jan 2026OA/655/2025

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the Original Application filed by ICICI Bank seeking recovery of Rs. 22,97,975/- plus future interest and costs against Perugu Premalatha. As the Defendant appeared ex-parte, the Tribunal held her liable based on evidence and directed issuance of a Recovery Certificate. No prior reliefs were mentioned.

What did the court decide?

A sum of Rs. 22,97,915/- with future interest @10.99% p.a. simple, costs, and issuance of Recovery Certificate; direction to file Cost Memo.

M/S. Icici Bank Limited versus Perugu Premalatha — Banking and Recovery | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDEMBAD DATED THIS THE 27TH DAY OF ]ANUARY, 2026

¶2

PRESENT: s H. RAM ESHWaR#Rlrj;rrr...T., L. LB. ( Hons. ), M.A.

¶3

Original Apptication No: 655 OF 2025

¶4

M/s. ICICI Bank Limited., Gachibowli, Hyderabad. Rep. by its General power of Attorney.

¶5

.....Applicant

¶6

Versus

¶7

Perugu Premalatha Plot No.105-2-40/D, Shilpi Chaitanya Towers Chaitanyapuri, Near Shivaji Statue RR Dist, Hyderabad - 500060.

¶8

Also at:-

¶9

Perugu Premalatha Staff Nurse, MNJ Cancer Hospital R.ed Hills Road, Lakadikapul, Hyderabad_500004.

¶10

Also at: -

¶11

Perugu Premalatha H.No.1-7-312, Flat No.401, parimala Homes Fcod Land, Chaitanyapuri, Saroornagar Hyderabad - 500060.

¶12

......Defendant

¶13

Counsel for the Applicant : Mr. Anil Vydya

Defendants

: Ex-parte

:: ORDER ::

The Applicant Bank filed the present oA for the recovery of a sum of Rs.22,97,975/- from the defendant with future interest @2olo p.m. compounded with monthly from 16.06.2025 till the date of reatisation along with costs. l)).it.*

, ,. ,. v

ttflrcnrtrntc

OA.No.655/2025

Summon served^{on sole defendantand was set ex-parteon} 04.Og.2025^{as called absentand no representation'}

¶22

The Applicant^{Bank examinedK' Raja Yaswanth, Legal Manageras} AW-1 and marked^{09 documentsthroughhim as Ex' A'1 to Ex'} A.09.

¶23

Heard the Ld.^{Counselfor the Applicant Bank and perused the} material Placed^{on record.}

¶24

The^point that^{arises for consideration is:-}

¶25

Whether the^{Applicant Bank is entitledfor'} the claim made in^{the OA against the} Defendant?

¶26

Asstatedsupra,theDefendantremainedex-parte.TheEvidence Affidavit coupled^{with the recitals in the documents viz., Exs.A.1 to} A.0gmarkedonbehalfoftheApplicantBankclinchestheclaimof 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'

¶27

In the result, the^{present Original Application No.655/2025is} allowed as under:^-

¶28

i) The Defendant is liable to^{pay to the Applicant Bank a} sum of Rs.22,97,915/- with future^interest @10.99o/o p.a. simple, from the date of ap,Rlication till the date of reatization; ffirt*

¶29

OA.No.655/2025

¶30

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

¶31

iii) the applicant bank is entitled for the costs.

¶32

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

¶33

9 Issue Recovery Certificate accordingly.

¶34

10 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 27th day of January, 2026).

¶35

Ow* (MMESHWAR KOTHE) PRESIDING OFFICER

M/S. Icici Bank Limited v. Perugu Premalatha

Case brief

What is this about?

What did the court decide?

M/S. Icici Bank Limited v. Perugu Premalatha

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

Indian Bank versus M/s. Camon Frames.

Union Bank of India versus M/s. S RTraders.

Union Bank of India versus Mr. Kakalwar Suresh

Bank of Baroda versus Veeramasu Jayamma

Bank of Baroda versus Doddi Prathap

Bank of Baroda versus Doddi Prathap