Debts Recovery Tribunals and Appellate Tribunals
SMT RENUKAMBA P vs MS KOTAK MAHINDRA BANK LIMITED AND ORS on 11 September 2026
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IN THE DEBT RECOVERY APPELLATE TRIBUNAL AT CHENNAI
RA (SA) 65/2025
Renukamba P & Anr Vs A.O., Kotak Mahindra Bank & Anr 11/09/2026
This appeal is filed against the final order passed in SA 556/2016 by the learned Presiding Officer, DRT-I, Karnataka at Bengaluru on 08.02.2024. This Tribunal on going through the securitization application found that appellants availed loan from ICICI Bank to the tune of Rs.12,87,730/-. As per the sanction letter dated31.07.2006 payable in 120 instalments with interest at 12.25%. It is also stated that this loan was taken over by the second respondent-Citi Financial Consumer Finance India limited. Thereafter, the second respondent assigned the loan in favour of the first respondent. Securitization application has been filed to set aside the possession notice dated 03.11.2016. The learned Presiding Officer, dismissed the securitization application. Therefore, this appeal. During his submissions, the learned counsel for the appellants submitted that there are some errors in the pleadings, i.e., the loan was not availed from ICICI Bank, but, availed from the second respondent. It is stated in the pleadings that loan was availed from ICICI Bank. In view of the submissions made, this Tribunal directs the respondents 1 ad 2 to produce the loan documents connected to this case. Post the matter on 29.10.2026 for filing aforesaid documents.
Sd/-
Chairperson