Hdfc Bank Ltd. v. Sadhanala Sivakrishna
Case brief
What is this about?
The Debt Recovery Tribunal allowed the bank's application for recovery of dues. The defendant was absent. The court held the defendant liable to pay the claimed amount with future interest and costs, and issued a recovery certificate.
What did the court decide?
Directed defendant to pay Rs.31,68,424.84 with future interest @10.25% p.a.; granted costs; issued Recovery Certificate.