State Bank of India v. Eco Auto Foam Industries
Case brief
What is this about?
Debt Recovery Tribunal passed an order directing the respondents to pay a recovery of Rs. 50,75,767/- along with interest and costs following an application filed by the applicant bank for recovery of debts.
What did the court decide?
Recovery of Rs. 50,75,767/- with interest; permission to proceed against mortgaged and hypothecated assets; release of recovery certificate