Allowed

Icici Bank Limited v. Mr. Kapil Kumar Baldawa

DRT10 Jul 2026OA/704/2025

Case brief

AI extract

What is this about?

The Debt Recovery Tribunal allowed an Original Application filed by ICICI Bank for recovery of dues from the defendant. Being satisfied with the documentary evidence marked by the bank as the respondent remained in absentia, the Tribunal determined liability for the principal sum, future interest, and costs.

What did the court decide?

The respondent is liable to pay Rs. 37,99,064/- with future interest at 10.6% p.a. simple, along with costs. Recovery certificate is to be issued.

Icici Bank Limited versus Mr. Kapil Kumar Baldawa — Contract and Commercial Disputes | DRT (2026)

¶1

IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD

¶2

DATED THIS THE 1OTH DAY OF JULY, 2026

¶3

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

¶4

Original Application No: 704 OF 2025

¶5

ICICI BanK Ltd., ICICI Towers, Gachibowli Serilingampally Mandal, Ranga^{Reddy District.} Rep. by its Authorised Signatory.

¶6

.....Applicant

¶7

Versus

¶8

Mr. Kapil Kumar Baldawa, S/o.^{Vishnu Kumar} Baldawa, Age 40 Years, Occ:^{Pvt. Service} R/o.3-3-95,2nd Floor, Sri Sai^{Balaji Nilayam} Kutbiguda, Himayathnagar,^{Hyderabad-500027.}

¶9

Also at:-

¶10

Mr. Kapil Kumar Baldawa, S/o.^{Vishnu Kumar} Baldawa, Age 40 Years, Occ:^{Pvt. Service} C/o. verity Knowledge Solutions^{PrivateLimited.,} Office Floor Building^{14 Building, RahejaMindspace} Hitech City, Madhapur,^Hyderabad -^500081.

¶11

Also at: -

¶12

Mr. Kapil Kumar Baldawa, S/o.^{Vishnu Kumar} Baldawa, Age 40 Years, Occ:^{Pvt' Service} Rlo. 3-2-72173, Sri Niketan,^Kachiguda Hyderabad - 5OOO27,

¶13

...... Defendant

¶14

Counsel for the Applicant^{: M/s.LotusLaw Associates} Defendants : Ex-Parte

¶15

:: ORDER ::

¶16

The Applicant Bank filed the^{present OA for the recovery of a sum of} Rs.37,99,0641- from the defendant^{with [email protected]} Zw*t,z-t

//.''sl'D ' $'-

OA.No.704/202S

p.a. compounded with monthly rests from the date of application till the date of realisation along with costs.

¶21

Summon served on sole defendant through paper publication and was set exparte on 20.02,2026 as called absent and no representation.

¶22

The Applicant Bank examined Kalva Rajayashwanth, Legal Manager as AW-1 and marked 09 documents through him as Ex. A.1 to Ex. A.09.

¶23

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

¶24

The point that arises for consideration is:-

¶25

Whether the Applicant Bank is enti ed for the claim made in the OA against the Defendant?

¶26

As stated supra, the Defendant remained ex-parte. The Evidence Affidavit coupled with the recitals in the documents viz., Exs. A.1 to A.09 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.

¶27

In the result, the present Original Apptication No.7O4l202S is allowed as under: -

¶28

i) The Defendant is liable to pay to the Applicant Bank a sum of Rs.37,99,064/- with future interest @10.6% OW**

¶29

OA.No.7041202s

¶30

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

¶31

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

¶32

iii) the applicant bank is entitled for the costs.

¶33

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

¶34

Issue Recovery Certifi cate accordingly.

¶35

Communicate a copy of this order to the parties concerned. (Diclated to the steno., transcribed by him, corrected, sitned and pronounced by me in the open court on this the 10rh day otluly,2026). ,/->n -

¶36

/()ffq,''n"r lnnhtFsHwnn^xorne; PRESIDING OFFICER

Icici Bank Limited v. Mr. Kapil Kumar Baldawa

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Mr. Kapil Kumar Baldawa

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

M/s. Icici Bank Ltd. versus Mr. Syed Abdul Wajid

State Bank of India versus Maan Surender Singh

Hdfc Bank versus Kdf Enterprises

State Bank of India versus P Mahender Enterprises

The Axis Bank Ltd. versus Mrs. Nandipati Yadamma

Icici Bank Ltd. versus Mr. Kodi Laxmi Kanth