ICICI Bank vs. Vidhya Sharma Case 2025
ICICI Bank vs. Vidhya Sharma Case 2025
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No: of 2025
Crl. [Link]: of 2025
Between
M/s ICICI Bank Limited
and represented by its authorised signatory Petitioner
AND
NEESHMA
Solitaire Heights
B Block, Ameerpet, Hyderabad, Telangana – 500073
Advocate/s for the High court to appear for me./us in the above
appeal/ petition and to conduct and prosecuted (or defend) the same
and all proceedings that may be taken respect to any application
connected with the same or any decree or order passed therein
including all application for return documents or the receipt of any
money that may be payable to me /us in the said appeal /petition and
also appeal in all application under Clause XV of the Letters Pattern
and in all application for review and for leave to the Supreme Court of
India and in all application review of Judgement.
I Certify that the contents of this Vakalat were read out and explained
in (……) in any presence to the executant or executants who appeared
perfectly to undersigned same and made his/her /their signature in my
presence.
Executed before me this …… day of................2025
Advocate/ Hyderabad
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MP No: of 2025
Crl. [Link]: of 2025
Between
VAKALAT ACCEPTED
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]
3
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No : of 2025
Crl. [Link]: of 2025
Between
AND
LIST OF DOCUMENTS
Medchal Petitioner
Counsel for Petitioner
5
MP No: of 2025
Crl. [Link]: of 2025
Between
LIST OF DOCUMENTS
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]
6
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No : of 2025
Crl. [Link]: of 2025
Between
M/s ICICI Bank Limited was originally promoted by
ICICI Limited in 1994 as wholly owned subsidiary
having its registered office at Race Course Circle
Vadodara -390007 and having branches among other
places at Hyderabad District Telangana and
represented by its authorised signatory K. Papa Rao
S/o Babu Rao
…Petitioner
AND
1. Srividhya Sharma Rallabhandi, D/o
Lalithamathi Desh, 1-20-291 Road No 9
Near Hanuman Temple, West
Venkatapuram, Tirumalagiri, Hyderabad
500015, Telangana.
And Also:
503 5th floor Aman Teja Peral Plot no 21
and 22, Ward No 1 Block No 5 Old Alwal
Village Ghmc, Alwal Circle, Alwal
Mandal Medchal Malkajgiri Dist22 23,
Telangana, Hyderabad -500010
And Also:
SBTS INDIA,
7-4-85 Madhava Nagar Balanagar,
Telangana, Hyderabad -500037
And Also:
503 5th floor Aman Teja Peral Plot no 21
and 22, Ward No 1 Block No 5 Old Alwal
Village Ghmc, Alwal Circle, Alwal
Mandal Medchal Malkajgiri Dist22 23,
Telangana, Hyderabad -500010
…Respondents
U/s14(2) OF SARFAESI ACT 2002.
The address of the petitioner for the purpose of the service of summons
notices etc., is the same mentioned above in the cause title and that of its
counsel Mrs. NEESHMA (Advocate), # Solitaire Heights - B Block,
Ameerpet, Hyderabad, Telangana – 500073. Ph. No-9704112233.
neeshuz@[Link]
Bearing Nos. 21 part & 22, in Survey Nos. 22 & 23, covered under
ward No.1 and Block No.5, situated at OLD ALWAL, ALWAL
VILLAGE, under Greater Hyderabad Municipal Corporation,
Alwal Circle, Newly formed as Alwal Mandal. Medchal-
Malkajgiri District, the value of the Property mentioned in the sale
deed is Rs 22,00,000/-.
5. The Due date of payment of the EMI for the loan mentioned is 30
Days, As the interest was revised so also the tenure, but in the
present Lan No the tenures was 226M, 222M & 227M. The
respondent had taken ECS facility to facilitate payment vide ECS.
The ECS remained unpaid as per SOA from 02/01/25.
6. The Bank declared NPA in the Loan Account Number on 05/11/24
of the borrower.
7. As the respondent has failed to pay the loan amount, thus the
petitioner was constrained to issued notice under section 13(2) of
9
10. As the notices were served on the borrower and co-borrower and
guarantor but even then the borrower had the opportunity to file
objections under section13(3- A). As per Section 13(3-A) If, on
receipt of the notice under sub-section (2), the borrower makes any
representation or raises any objection, the secured creditor shall
consider such representation or objection and if the secured
creditor comes to the conclusion that such representation or
objection is not acceptable or tenable, he shall communicate
within
11
11. Then the petitioner bank issued notice U/s 13(4) for symbolic
possession to be taken up on 6/6/25 and in forming the
neighbourhood about the possession being taken over by the bank
Schedule of Property as per loan agreement is also mentioned
Paper publication is issued U/s 13(4) in the 2 local Newspaper one
in English (The Indian Express) and the other in the local
Language (Nav telangana) in Telugu on 05/3/25 informing the
general public that the bank has taken over the property and will
approach the Court for taking over the possession of the property
by due process of law.
14. The cause of action arose to the petitioner on 13/11/19 when the
respondent No-1&2 approached the bank for a Loan against
Property Rs 22,00,000/- had sanctioned housing loan of Rs
24,00,000/- on 22/11/19, Top up Loan of Rs. 2,39,947/- on 14/8/20
12
& again Top up Loan of Rs. 7,45,000/- on 03/2/21. The loan was
sanctioned toward the Loan against property Schedule Property
and deposited title deeds on 28/11/19 on subsequently Facility
agreement dated for LBHYD00005174012 on 02/11/19, Facility
agreement dated for LBHYD00005327710 on 04/02/20, Facility
agreement dated for LBHYD00005511950 was signed and loan
account was declared NPA on 05/11/24 and subsequently notice
U/s 13(2) was issued 02/1/25 and the said Notice were not
delivered and symbolic possession notice Dt 6/6/25 on possession
to be taken was delivered “As is where is” and later on 13(4)
paper notice dated 05/3/25 and is still continuing ..........
15. It is prayed that the Hon’ble court has got pecuniary & territorial
jurisdiction to entertain the petition as the property of the borrower
is within the jurisdiction of the court.
PRAYER
1. It is prayed that the Hon’ble court may be pleased to deliver the
physical possession of the suit property “AS IS WHERE IS”
from the borrower to the bank under section 14 of the SARFA ESI
Act 2002.
2. The court may appoint an advocate-commissioner and direct him
to take possession of the immovable property described in the
schedule herein and take inventory of the articles in the schedule
property by conducting Panchanama and be pleased to handover
the possession thereof to the petitioner.
3. To direct the advocate commissioner to break open the lock in
case the schedule property is found under lock.
13
Place Hyderabad
Dated …….2025 Petitioner
VERIFICAT ION
Petitioner
COUNSEL FOR PETITONER
14
SCHEDULE OF PROPERTY
VERIFICAT ION
Hyderabad Petitioner
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MP No: of 2025
Crl. [Link]: of 2025
Between
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]
16
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No : of 2025
Crl. [Link]: of 2025
Between
AND
VERIFIED AFFIDAVIT
I [Link] Rao S/o Babu Rao aged : 50 .years Occ: Authorized officer
of ICICI Bank Limited Hyderabad Branch and District do hereby
solemnly affirm and state on oath as follows :-
That I am the deponent herein and authorized to represent and able to
depose as under:
All that Piece and Parcel of that the Land admeasuring 501 Square
Yards, in Survey Nos.415/1, Situated at MAHADEVI COLONY,
under Old Safilguda, Malkajgiri Municipality, now under Greater
Hyderabad Municipal Corporation Malkajgiri Circle and Mandal.
The value of the Property mentioned in the sale deed is Rs
22,00,000/-.
3. The Petitioner respectfully submits that the respondents initially
approached the bank for a loan of Rs 24,00,000/-, which was
sanctioned as a Loan Against Property on 22/11/2019.
Subsequently, on 14/08/2020, the respondents approach for a top-
up loan, and an amount of Rs 2,39,947/- was sanctioned. Further,
on 03/02/2021, another top-up loan was sanctioned for an amount
of Rs 7,45,000/-.
4. The bank had followed all procedures while sanctioning of loan
and also allotted a loan account numbers LBHYD00005174012 for
Rs. 24,00,000/- on an EMI of Rs 20160 for a tenure of 226M
LBHYD00005327710, for Rs. 2,39,947/- on an EMI of Rs 2130
for a tenure of 222M & LBHYD00005511950 for Rs 7,24,000 on
an EMI of Rs 6605 for a tenure of 227M.
5. The Due date of payment of the EMI for the loan mentioned is
30Days As the interest was revised so also the tenure, but in the
present Lan No the tenures was 226M, 222M & 227M. The
respondent had taken ECS facility to facilitate payment vide ECS.
The ECS remained unpaid as per SOA from 02/01/25.
6. The Bank declared NPA in the Loan Account Number on 05/11/24
of the borrower.
7. As the respondent has failed to pay the loan amount, thus the
petitioner was constrained to issued notice under section 13(2) of
18
LBHYD00005511950 Rs 7,45,000
10. As the notices were served on the borrower and co-borrower and
guarantor but even then the borrower had the opportunity to file
objections under section13(3- A). As per Section 13(3-A) If, on
receipt of the notice under sub-section (2), the borrower makes any
representation or raises any objection, the secured creditor shall
consider such representation or objection and if the secured
creditor comes to the conclusion that such representation or
20
11. Then the petitioner bank issued notice U/s 13(4) for symbolic
possession to be taken up on 6/6/25 and in forming the
neighbourhood about the possession being taken over by the bank
Schedule of Property as per loan agreement is also mentioned
Paper publication is issued U/s 13(4) in the 2 local Newspaper one
in English (The Indian Express) and the other in the local
Language (Nav telangana) in Telugu on 05/3/25 informing the
general public that the bank has taken over the property and will
approach the Court for taking over the possession of the property
by due process of law.
14. The cause of action arose to the petitioner on 13/11/19 when the
respondent No-1&2 approached the bank for a Loan against
Property Rs 22,00,000/- had sanctioned housing loan of Rs
24,00,000/- on 22/11/19, Top up Loan of Rs. 2,39,947/- on
21
PRAYER
MP No: of 2025
Crl. [Link]: of 2025
Between
VERIFIED AFFIDAVIT
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]
24
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No : of 2025
Crl. [Link]: of 2025
Between
AND
NO STAY AFFIDAVIT
I [Link] Rao S/o Babu Rao aged : 50 .years Occ: Authorized officer
of ICICI Bank Limited Hyderabad Branch and District do hereby
solemnly affirm and state on oath as follows :-
That I am the deponent herein and authorized to represent and able to
depose as under:
All that Piece and Parcel of that the Land admeasuring 501 Square
Yards, in Survey Nos.415/1, Situated at MAHADEVI COLONY,
under Old Safilguda, Malkajgiri Municipality, now under Greater
Hyderabad Municipal Corporation Malkajgiri Circle and Mandal.
The value of the Property mentioned in the sale deed is Rs
22,00,000/-.
3. The Petitioner respectfully submits that the respondents initially
approached the bank for a loan of Rs 24,00,000/-, which was
sanctioned as a Loan Against Property on 22/11/2019.
Subsequently, on 14/08/2020, the respondents approach for a top-
up loan, and an amount of Rs 2,39,947/- was sanctioned. Further,
on 03/02/2021, another top-up loan was sanctioned for an amount
of Rs 7,45,000/-.
4. The bank had followed all procedures while sanctioning of loan
and also allotted a loan account numbers LBHYD00005174012 for
Rs. 24,00,000/- on an EMI of Rs 20160 for a tenure of 226M
LBHYD00005327710, for Rs. 2,39,947/- on an EMI of Rs 2130
for a tenure of 222M & LBHYD00005511950 for Rs 7,24,000 on
an EMI of Rs 6605 for a tenure of 227M.
5. No Stay of any proceedings against the petitioner from filing the
present petition before this court.
MP No: of 2025
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NO STAY ADDIFAVIT
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]
27
In the court of the Addl. Senior Civil Judge - Cum – Addl. Chief
Judicial Magistrate Judge At: Medchal
MP No : of 2025
Crl. [Link]: of 2025
Between
AND
SCHEDULE OF PROPERTY
At : Hyderabad
Dated : ……...2025 Petitioner
MP No: of 2025
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Between
SCHEDULE OF
PROPERTY
Filed on:
Filed by:
NEESHMA
(Advocate)
9704112233
Address: Solitaire Heights
B Block, Ameerpet,
Hyderabad, Telangana –
500073
neeshuz@[Link]