Union Bank of India v. M/S Yashoda Poultry Farm
Case brief
What is this about?
The Tribunal allowed the banking applicant's recovery application partly. It disregarded the claimed amount of ~Rs. 86 lakhs due to RBI guideline violations, and adjudicated a lower principal amount of Rs. 57,33,457.54 along with future interest.
What did the court decide?
Applicant's original application allowed to the extent of Rs. 57,33,457.54 with pendent lite and future interest @ 10% p.a. from 1st April 2019.