Canara Bank v. Kaustab Dutta
Case brief
What is this about?
Debts Recovery Tribunal allowed an ex-parte application filed by Canara Bank for recovery of a personal and term loan. The defendant did not appear. The court determined the debt and directed issuance of a recovery certificate under Section 19(22).
What did the court decide?
Recovery of Rs. 91,60,944.24 with future interest; bar on disposal of properties; recovery certificate issued.