Debts Recovery Tribunals and Appellate Tribunals
ICICI BANK LIMITED vs VIKRAM ENTERPRISES on 18 April 2026
**Debts Recovery Tribunal-I, Delhi**
**4<sup>th</sup> floor, Jeevan Tara Building,**
**Parliament Street, New Delhi**
**Presiding Officer: Shri Govind Ballabh Sharma**
**T.A. No.254 of 2023**
ICICI Bank Ltd.
E Block, Videocon Tower,
Jhandewalan Extension,
New Delhi-110055
Applicant
**Versus**
1. M/s Vikram Enterprises
Through its partners
985E, 100 Foota Road, Chajjupura
Opp. Little Flower School,
Towards Maujpur Road, Shahdara,
Delhi-110032
2. Sh.Kunwar Virender Vikram s/o Vidhya Ram Partner of Vikram Enterprises R/o H.No.172, Sadhopur Village Dadri, Greater Noida, G.B.Nagar, UP-203207
Also at:
Sh.Kunwar Virender Vikram s/o Vidhya Ram 985E, 100 Foota Road, Chajjupura Opp. Little Flower School, Towards Maujpur Road, Shahdara, Delhi-110032
3. Sh.Deepak Aggarwal s/o Janeshwar Dayal Aggarwal Partner of Vikram Enterprises R/o D-8A, Mansarovar Park, Delhi-110032
Office at:
Sh.Deepak Aggarwal s/o Janeshwar Dayal Aggarwal Partner of Vikram Enterprises 985E, 100 Foota Road, Chajjupura Opp. Little Flower School, Towards Maujpur Road, Shahdara, Delhi-110032
Defendants
Present: Mr. Manish Yadav, Counsel for the applicant bank sd- Date of Reserve: 08.04.2026
Date of Pronouncement: 18.04.2026
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**FINAL ORDER**
This original application has been filed by the applicant bank on 03.05.2018 before DRT-III Delhi & then transferred to DRT-I Delhi under Section 19 of Recovery of Debts Due to Banks and Financial Institutions Act, 1993 against the defendants for recovery of a sum of Rs.16,02,849/- (Rupees Sixteen Lacs Two Thousand Eight Hundred Forty Nine only) as on 03.03.2018 along with pendentelite and future interest @17.00% per annum from the date of filing of this application till the date of realization along with costs.
2. The brief facts of the case are that on the request of the defendant no.1 through defendant no.2 as partner vide loan application along with KYC details, the applicant bank sanctioned Personal Loan facility for Rs.27,00,000/- (Rupees Twenty Seven Lacs only) on 01.09.2015 @17.00% rate of interest per annum to be repayable in 36 equal monthly installments of Rs.96,262/-.
3. In order to avail the personal loan facility, the defendant no.1 through its partner submitted Credit Facility Application Form along with other documents, Photo ID, address proof etc. and executed Direct Debit Mandate, Disbursal Memo etc. dated 01.09.2015 with the applicant bank.
4. It has been submitted by the applicant bank that after availing the personal loan facility, the defendants failed to comply with the terms and conditions of sanction, defaulted in *Sd-*
repayment of EMIs, dishonor of cheques and failed to regularize the account with the applicant bank despite several requests but no response by defendants. Ultimately, the applicant bank issued loan recall cum legal demand notice dated 20.09.2017 but defendants failed to regularize the account and hence the applicant bank has approached this Tribunal for recovery of their dues.
5. Notices of this O.A. were issued to the defendants and despite of proper service, the defendants have chosen to absent from the proceedings. As per order dated 31.10.2025, the defendants have been proceeded ex-parte as not appeared before the Tribunal and even written statement, evidence and affidavit of assets have not been filed by the defendants.
6. In order to prove its case, the applicant bank has filed its evidence by way of filing the documents in original as well as copy of documents such as Power of Attorney, Original Loan Application, Loan Agreement (Credit Facility Application, Certified copies of Photo ID, Address Proof etc., Direct Debit Mandate, Disbursal Memo, Copy of Demand Notice along Postal Receipts, Certificate Foreclosure Statement, Statement of account, Certificate u/s 2A of Bankers' Book Evidence Act, Certificate under Section 65B of Evidence Act marked as Annexure-1 to Annexure-8.
7. The applicant bank has fully corroborated the averments made in the O.A. Even otherwise the whole case of the applicant bank is based on the documents and the same have been duly approved.
8. The case filed by the applicant bank gone unrebutted and there is no question of disbelieving the case of the applicant Sd- bank and the applicant bank has proved its case beyond reasonable doubts.
9. In the light of the above discussions, the Original Application deserves to be allowed.
ORDER
I, allow this OA and direct the defendants to pay to the applicant bank, within a period of 30 days, jointly or severally, a sum of Rs.16,02,849/- (Rupees Sixteen Lacs Two Thousand Eight Hundred Forty Nine only) as on 03.03.2018 together with pendentelite and future interest @17.00% per annum with monthly rests from the date of filing of this application till the date of realization and costs; failing which the aforesaid amount shall be recovered from the sale of movable and immovable properties of the defendants.
(II) The recovery certificate be issued forthwith and be sent to the Recovery Officer, Debt Recovery Tribunal-I, Delhi.
(III) Parties are directed to appear before the Recovery Officer, DRT I, Delhi on 17.06.2026.
(IV) Copies of final order as well as Recovery Certificate be sent to all concerned free of cost.
- *Sd-* *18-04-2026*
**(GOVIND BALLABH SHARMA)** **PRESIDING OFFICER** **DRT-I, DELHI**
(Dictated and pronounced in open court)
Dated: 18.04.2026