Shri Arun Narendra Rudkar v. State Bank of India
Case brief
What is this about?
The Debt Recovery Appellate Tribunal, Mumbai, disposed of an application by the appellant for withdrawal of a specific principal amount with accrued interest as directed by the Bombay High Court, permitting the respondent bank to withdraw the specified sum.
What did the court decide?
Respondent permitted to withdraw ₹2,25,000 plus accrued interest of ₹55,229; balance post-08.10.2015 interest to be released on acknowledgement.