Allowed

Icici Bank Limited v. Falcon Facilities Management

DRT11 Jun 2026OA/887/2025

Case brief

AI extract

What is this about?

DT-II at Hyderabad allowed Original Application No. 887/2025 filed by ICICI Bank Limited for recovery of Rs. 20,70,476/- with interest. The defendants remained ex-parte. The court held defendants liable and directed issuance of Recovery Certificate against personal properties and hypothecated vehicle.

What did the court decide?

Defendants jointly and severally liable to pay Rs. 20,70,476/- with interest; Recovery Certificate issued; Loan secured by hypothecated vehicle.

Icici Bank Limited versus Falcon Facilities Management — Banking and Recovery | DRT (2026)

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IN THE DEBTS RECOVERY TRIBUNAL.II AT HYDERABAD

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DATED THIS THE 11TH DAY OF ]UNE, 2026

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

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ORIGINAL APPLICATION No: 887 OF 2025

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lY/s. ICICI BANK LI[4ITED, Registered OFfice situated at VADODARA, GUJARAT and Hyderabad Branch office Situated at Gachi Bowli, Hyderabad, represented By its Debt Manager and General Power of Attorney Holder

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.... .Applica nt

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Versus

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FALCON FACILITIES MANAGEIYENT REP BY AMAR DEEP KUMAR Plot No.1, Feel Good Homes, Gandhamguda, Peearam Cheruvu, Hydershakote, Hyderabad -500091

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AMAR DEEP KUMAR S/o. RABINDRA PRASAD SINGH Plot No.1, Feel cood Homes, Gandhamguda, Peearam Cheruvu, Hydershakote, Hyderabad -500091 ... Defendants

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Counsel for the Applicant : Mr. Anll Vydya Counsel for the Defendants : Ex-parte Ktt

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oA.NO.887/202s

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::^qLLE&::

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The Applicant^{Bank filed the present OA for the recovery a total} sum of Rs.^{20,70,4761-from defendants1 & 2 with further} interest there^{on @2olo p.a. from 06 09 2025 till the date of} realization along^{with costs and, in default' sale of OA} hypothecated^vehicle.

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Summon^{servedon Defendants1 & 2 throughpaper publication} and were^{set exparteon 12.03 2026 as called absent and no} representation.

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The Applicant^{Bank examinedMr' Kalva Rajayaswanth'Area} Relationshlp^{Manager,as AW-1 and marked 9 documents} through^{himas Ex.A.1to Ex A 9'}

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Heard ex-parte^{argumentsfrom the Ld Counsel of the} Applicant^{Bank. Perused the materialplaced on record'}

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The^point that^{arises for considerationis: -}

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Whether^{the Applicant Bank is entitled} for the claim^{made in the OA against} the Defendants and^{OA hypothecated} vehicle?

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As stated^{supra, the Defendants remained ex-parte'The} Evidence Affidavit^{coupledwith the recitalsin the documents} viz., Exs.A.1 to^{A.9 markedon behatf of the ApplicantBank} clinches^{the clalm of the Applicant Bank against the Defendants'} Hence, I hold that^{the Defendantsare liableto pay the OA claim} to the Applicant^{Bank with futureinterestu"a .Lo't{/)ffV!</sup>}

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oA.NO.887/202s

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In the result, the present Original Application No.BB7l2025 is allowed as under: -

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i) The Defendants 1 & 2 are jointly and severally liable to pay to the Applicant Bank a sum Rs. 20,70,476/- with future interest @7.50o/o p.a. simple from the date of application till the date of realization;

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

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

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iv) the applicant bank is entiiled for the costs.

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

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Issue Recovery Certificate accordingly.

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Communicate a copy of this order to the parties concerned. (Dictated to the steno, corrected, signed and pronounced by_au in the ooen court onthisthellthDayofrune,2026). //XTPloirUrS ($fitsHWAR KorHE) PRESIDING OFFICER

Icici Bank Limited v. Falcon Facilities Management

Case brief

What is this about?

What did the court decide?

Icici Bank Limited v. Falcon Facilities Management

Case brief

What is this about?

What did the court decide?

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