Disposed
Bank of Maharashtra v. a and a International and Anr.
Bombay HCSS/767/2011
Case brief
AI extract
What is this about?
The High Court of Bombay, in a suit for summary judgment, decreed the claim against the defendants. The court acceded to the defendants' request for reduced interest at 10% p.a. and allowed payment via ten equal monthly installments over a year.
What did the court decide?
Sum of Rs.50,000 immediately and balance Rs.10,00,000 in ten equal monthly installments with 10% p.a. interest on the reducing balance.