State Bank of India v. Baljeet Singh
Case brief
What is this about?
In this mortgage recovery matter, the Debts Recovery Tribunal issued a recovery certificate after the borrower failed to honor a Lok Adalat compromise. The court directed the issuance of the certificate on the stated amount with interest and costs, permitting property sale.
What did the court decide?
Issuance of recovery certificate; direction to appear before Recovery Officer; authorization for sale of mortgaged properties.