Punjab National Bank v. Sekh Mahasin and Anr.
Case brief
What is this about?
In an ex-parte recovery proceeding, the Debts Recovery Tribunal allowed the Applicant Bank's claim against two Defendants. The debt was determined to be Rs. 20,67,845.46 plus interest, and a Recovery Certificate was ordered under Section 19(2).
What did the court decide?
Recovery of Rs. 20,67,845.46 plus interest; issuance of Recovery Certificate under Section 19(2) of the DB Act.