Idbi Bank Ltd. v. Mrs Ajanta Mitra
Case brief
What is this about?
The Debt Recovery Tribunal allowed the Original Application filed by IDBI Bank Ltd. in default of the respondent, determining the debt and directing issuance of a recovery certificate for the outstanding loan amount with interest.
What did the court decide?
Recovery certificate to be issued for Rs. 26,80,939/- with future interest; debtor debarred from disposing of properties until recovery.