Idbi Bank v. Sawant Namdeo Pandurang
Case brief
What is this about?
The Debt Recovery Tribunal allowed an Original Application filed by IDBI Bank Limited for joint and several recovery of Rs. 26,15,395.70 from two defendants who remained ex-parte, certified the mortgage security, and directed issuance of a Recovery Certificate.
What did the court decide?
Defendants directed to pay Rs. 26,15,395.70 with future interest; Recovery Certificate issued.