M/S. Yes Bank Limited v. Mr. Mohapatra Santhosh Kumar
Case brief
What is this about?
In an ex-parte debt recovery proceedings, the tribunal held that the defendant is liable to pay the principal sum along with future interest and costs to theapplicant bank, and issued a recovery certificate.
What did the court decide?
Defendant liable to pay Rs. 42,88,406/-40p with future interest at 10.75% p.a. from application date. Recovery certificate issued.