Allowed

Icici Bank Limited v. K Nilamma

DRT9 Sept 2026OA/701/2026

Case brief

AI extract

What is this about?

The Debts Recovery Tribunal allowed the original application filed by ICICI Bank Ltd. against two borrowers, directing joint and several payment of the outstanding loan amount with future interest, enforcement of mortgage, and issuance of a recovery certificate.

What did the court decide?

Decree for payment of Rs.23,02,728.97 with future interest as the principal; mortgage of the schedule properties enforced; order that defendants remain personally liable for dues; costs awarded to the

Icici Bank Limited versus K Nilamma — DRT (2026) — LawSathi Research

¶1

IN THE DEBTS RECOVERY TRIBUNAL-II AT HYDERABAD DATED THIS THE O9TH DAY OF SEPTEMBER,2026

¶2

PRESENT: SH. RAMESHWAR KOTHE, B.Com., L.LB. (Hons.), M.A.

¶3

PRESIDING OFFICER

¶4

ORIGINAL APPLICATION No: 701 OF 2026

¶5

M/s. ICICI Bank Ltd., Branch Office at ICICI Bank Ltd., H.No.21l173lA Beside Saibaba Temple, Saibabanagar Main Road Adoni - 518301, Kurnool District. Rep. by lts Authorized Signatory.

¶6

.....Applicant.

¶7

Versus

¶8

Mrs. K. Nilamma, W/o. Late K. Kalingappa Age Major, Occ: Agriculturist, H,No.1-1 Vandavagili Village & Post, Holagunda Mandal Kurnool District, Andhra Pradesh - 518308.

¶9

Sri K. Chandranna, S/o. Late K. Kalingappa Age Major, Occ: Agriculturist, H.No.1-1 Vandavagili Village & Post, Holagunda Mandal Kurnool Oistrict, Andhra Pradesh - 518308.

¶10

... Defendants

¶11

: Mr. V. Dharmasuri Counsel for the Applicant

Defendants

: Ex-parte

::^qLLE& ::

The Applicant Bank filed the^present OA for the recovery a^total sum of Rs.23,02,728.97ps towards Loan A/c. No.068751000339 from the defendants^jointly and severally with future^interest @13.85o/o^p.a. at^{monthly rests} from^{30.06.2026till the date of} realization along with costs and in default for sale of^OA scheduleproperties. /AW<1l O/'oq'-

¶16

oA.NO.70tl2025

¶17

¶18

Summons served on D1 and 2. They were set ex-parte on 24.08.2026 as called absent and no representation.

¶19

The Applicant Bank examined Kalva Rajayaswanth, Legal 14anager, as AW-1 and marked 12 documents through him as Ex. A.1 to Ex. 4.12.

¶20

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

¶21

The point that arises for consideration is:-

¶22

Whether the Applicant Bank is entitled for the claim made in the OA against the Defendants and OA schedule properties?

¶23

As stated supra, the Defendants remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.12 marked on behalf of the Applicant Bank cllnches the claim of the Applicant Bank against the Defendants. Hence, I hold that the Defendants are jointly and severally liable to pay the OA claim to the Applicant Bank with future interest and costs.

¶24

In the result, the present Original Apptication No.701/2026 is allowed as under: -

¶25

i) The Defendants are jointly and severally liable to pay to the Applicant Bank a sum of Rs.23,02,7?8.97ps towards Loan A/c. No. 068751000339 with fulure interest @11.95olo fr$:*t

¶26

3 oA.NO.701/2026

¶27

p.a. simple from the date of application till the date of realization;

¶28

ii) the OA claim is secured by way of mortgage of properties described in the schedule annexed to the OA and the applicant bank is entitled to proceed against the same to realise its debt;

¶29

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

¶30

iv) the applicant bank is entitled for the costs.

¶31

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

¶32

9, Issue Recovery Certincate accordingly.

¶33

Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, sitned and pronounced by me in the open court on this the 09'h Day ofseptember, 2026). /Y

¶34

/Ow"^^'# ( AMESHWAR KoTHE) PRESIDING OFFICER

¶35

¶36

OA. No.701l2026

¶37

09.09.2026 Orders Pronounced, vide separate sheets. In the result OA.No.70112026 is allowed with costs. Issue Recovery Certlficate accordingly. (/'i5'.,filrra^.a<tr

Icici Bank Limited v. K Nilamma

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. K Nilamma

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

Union Bank of India versus M/s. Mdh Motors Pvt. Ltd.

Hdfc Bank versus Rahul

Union Bank of India versus M/s. Mdh Tvs.

Karnataka Bank Limited versus M/s Sri Dharani Polymers

Indian Bank versus Venkateswarlu

Icici Bank Limited versus debeshranjan