Equitas Small Finance Bank Limited v. M/S Star Industries
Case brief
What is this about?
DRT-III Chandigarh allowed the original application by Equitas Small Finance Bank Limited for recovery of Rs.1.02 crore outstanding dues from Star Industries. The Tribunal issued a recovery certificate and reduced the claimed interest rate to 8% p.a., permitting enforcement against hypothecated or personal assets under SARFAESI. Parties listed to appear on 11.04.2025. Quality: ok.
What did the court decide?
Recovery certificate issued; Defendants directed to pay Rs.1,02,63,443.00 plus costs and simple interest @8.00%p.a. from filing date till realization.