Allowed
The Federal Bank Ltd. v. Pawan Chaturvedi
Bombay HCS/2579/1998
Case brief
AI extract
What is this about?
The court decreed the suit for recovery of loan advances and interest. Although the defendant failed to file a written statement, the claim was proved by the plaintiff's evidence and documents, and the suit was allowed with modified interest rates.
What did the court decide?
Suit decreed in terms of prayer clauses (a) and (b) with modification that plaintiff be entitled to interest at 9% p.a. from date of suit until payment.