Union Bank of India v. Daulat Parasampuria and Anr.
Case brief
What is this about?
At Dr. No. 13 of 2024, the Debts Recovery Tribunal allowed the Union Bank of India's application ex-parte. Recognizing the absence of defendants, the Tribunal accepted bank-documented claims for recovery of Rs. 71,22,126.85 with interest and costs, issuing a recovery certificate under RDms Act and debarment from alienation.
What did the court decide?
Petitioner entitled to recover Rs. 71,22,126.85 with future interest and costs. Defendants debarred from alienating properties. Recovery Certificate issued under Section 19(22) of RD&BA Act, 1993.