The Tribunal allowed the Applicant Bank's application under Section 19 of the RDB Act for recovery of Rs. 32.53 lakhs arising from a defaulted credit card facility, directing payment with interest and issuance of a recovery certificate.
Defendant to pay Rs. 32.53 lakhs with simple interest; injunction on transferring assets; Recovery Certificate to be issued.
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RECOVERY TRIBUNAL :, ABALPUR
(for the States of Madhya Pradesh an iChhattisgarh)
(Presiding Officer -Pravas Kumar Si l/c DRT Jabatpur)
Originol Application No.- 24
lClCl Bank Ltd., lClCl Bank Tower, BandraKurla Comptex, Mumbai(Maharashtra) ..... Appticant
Versus
Mr. Abhishek Bhatt, 5/o Ahsok Kumar Bhatt, 101, Katakariti AVE, 70, Chikitsak Nagar,Near Water Tank,
Opp. Bombay Hospitat,lndore(M.P.) 452010
Defendant
Counset for the APPticant :Shri 5a Advocate Defendant : Ex-parte
JUDGMENT. (oateJlIdnGfrffizo
7.. The brief facts ofthe case are t on lh" request of Defendant bysubmissionof CreditCard Appt Form dated 28108118, the AppticantBank issuedCreditCard with imit of Rs. 25Lakh.The Defendant avaitedthe credit limit of the credit but faited totiquidate the outstandingdues despite issuance of Legal on 16103124bY the Appticant Bank. TheAppticant'Bankhas retiedu the docu,ments atEx A-1 to A-5 whichwere proved by Shri RajutGurjar,
appeared nor 3. Despite service ofnotice, the order dated fited written statement.He wasproceeded 29t01t25. Thereis therefore, no reasonto disbel the contentions ofthe Bank. Consideringthe facts of the case, I opineth the Defendant is liabte to pay thectaim amount togetherwith interest costs. The Appticant'
\I-
2 OA 768t24
Bank in its apptication has ctaimed interest p.a. monthty rests. However, I feet it fair and reasonable to p.a. simpte pendentetite and futuretitl reatization of the The properties and assets of the Defendant are liabte to be for of amount due.
4 The Originat Appl,ication is attowed and it nderi) The Defendantdo pay Rs. 32,53, .52 Thirty Two Lakh, Fifty Three Thousand, Six Hundred Fifty and Fifty Two onty) together with pendentetite and future interest .40Yo annum simpte from the date of fiting of the 0A, i.€., 05 t24, costs titt its realization.
ii) The Appticant Bank is entitted to the properties and assets of the Defendant for reatization of dues. Defendant is hereby restrained by means of injunction transferring, encumbering, atienating or in any way deating his es/assets without first paying the ctaim of the Appticant iii) A Recovery Certificate be issued 1 9(2Zl of Recovery of Debts and Bankruptcy Act. The appticant bank ay fite a memo of cost within 7 days for preparing Recovery Certificate.
Judgment pronounced in the open court on this
of 2026.
mar ) Lucknow lnchareq DRT Jabatpur
2 issues framed by the court
Whether the Defendant is liable to pay the claimed credit card dues and cost of realization.
Whether the Applicant Bank is entitled to the Defendant's property for realization of dues.
2 provisions across 1 enactments
ICICI Bank Ltd.
Pravas Kumar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
