Union Bank of India v. Ms Soumava Enterprise and Anr.
Case brief
What is this about?
In this ex-parte proceedings under the Recovery of Debts and Bankruptcy Act, 1993, the Tribunal allowed the applicant bank's claim for recovery secured against the respondents due to their absence during the hearing.
What did the court decide?
Recovery certificate issued for Rs. 21,15,091.79/- with pendent lite and future interest at 10.45% per annum.