Allowed

Bank of Baroda (Vijaya Bank) v. M/s Maa Enterpries

DRT8 Sept 2025OA/273/2024

Case brief

AI extract

What is this about?

Bank of Baroda applied to the Patna DRT for recovery of Rs. 44,28,862.84 from M/s Maa Enterprises. The Tribunal allowed the ex-parte application based on documentary evidence and affirmed jurisdiction and limitation, issuing a recovery certificate.

What did the court decide?

Recovery of Rs. 44,28,862.84 plus interest; issuance of Recovery Certificate; attachment of mortgaged/hypothecated assets.

Bank of Baroda (Vijaya Bank) versus M/s Maa Enterpries — Execution and Attachment | DRT (2025)

OA 273 of 2024IJI

DRT, PATNA

Debts Recovery Tribunal, Patna

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Karpuri Thakur Sadan, Aashiana Digha Road Patna-800025

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Presiding Officer : Shri Kaushalendra Yadav

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OA Case No. 273 of 2024

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Bank of Baroda (erstwhile Vijaya Bank), ROSARB, Patliputra Branch, lst Floor, Sar)'ug Complex, Patna 800013, Bihar

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. . . . . . . Applicant

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Vs.

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M/s Maa Enterprises, through its proprietor Mr. Manish LaI, Office at:- Yadav More, Khalafatpur, Chausa, Buxar- 802114

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Mr. Manish Lal @ Manish Lal Srivastav, S/o Vashista Lal (Proprietor of M/s Maa Enterprises), R/o Village- Hethua, Thana no.22, Rajpur, Buxar- 802 122

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Mr. Suresh LaI @ Suresh LaI Srivastava, S/o Vashista Lal (Proprietor of M/s Maa Enterprises), R/o Village- Hethua, Thana no.22, Rajpur, Buxar- 802 122

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. . . . . . . Defendants

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Present:

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For the Applicant Shri Jyoti Prakash, Advocate For the Defendants None

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Dated:08.09.2025

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JUDGMENT

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The Applicant bank has made this application u/s 19 of the Recovery of Debts and Bankruptcy Act, 1993 (here-in-after referred to as Act) on 14.05.2024 against the defendants to recover its debts from defendants of Rs.44,28,862.84 as on 02.05.2024 along with pendente-lite and future interest at the contractual rate from 03.05.2024 with costs till realization.

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The application has been filed with the contention that the applicant bank, is a body corporate, carries on the business and is competent to file the suit through various branches including the applicant.

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Defendant approached the applicant bank for sanction of loan facility of Rs.25 Lakh vide loan application dated 02.12.2017, which was sanctioned by the applicant bank on 02.12.2017 on various terms and conditions, as stipulated in the sanction letter, which were duly accepted by the defendants. To secure the loan facilities defendants have executed various loan and security

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Presiding Oficer Debi Recovery Tribund PATNA

OA 273 of 2024jJI

DRT, PATNA

documents and also created mortgage in favour of the applicant bank, details of which are given in OA

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After availing the sanctioned credit facilities, the defendants became irregular in repayment of their dues as per agreed terms and failed to adhere to the financial norms of the bank and avoiding the repayment of its dues to the bank, in spite of several assurances given by it to the applicant bank resulting in the account turning as NPA on 12.09.2020.

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Since, the defendants failed and neglected in spite of several reminders to make payment of the dues recoverable to the bank, hence this application has been filed by the bank.

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The total liability in the loan account is Rs.44,28,862.84 as on 02.05.2024 with pendente-lite and future interest contractual rate from 03.05.2024 till the realization.

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This Tribunal issued summons/notices copies of application & paper book to the defendants by registered/speed post on 13.06.2024, requiring them to show-cause within 30 days of the service U/s 19 (4) of the Act & Rule of the DRT [Procedure] Rules, 1993. Notice dated 13.09.2024 has also been served by affixation of notice on the conspicuous part of the premises of the defendants.

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Despite the service of registered summons/notices as well as affixation of notice on the conspicuous part of the premises of the defendants, the defendants have not appeared before this Tribunal to contest the case. The sufficient time has been given to the defendants to defend their case, but they failed to appear and to file WS, hence, the Tribunal has passed an order to proceed ex-parte against the defendants on 17.04.2025 .

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To prove its case, the applicant Bank has referred various certified photocopies of documents before this Tribunal. The applicant bank has also given evidence on affidavit by way of affidavit by Shri Animesh Kumar, Chief Manager of the applicant bank. The details of documents are as follows:

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W.M Presiding Oficer Debb Recovery Tribune PATNA

OA 273 of2024jJI

DRTI PATNA

e	of r Documents Photocopies	T Date of Execution	IAmount 1(in Lakh)	Sign Exec	atur uta	eof nts	1Ex./ IAnn. No.
	LoanaDDlication	04.11.2017		Defend	ants
	Sanctionletter	02.12.2017	25.00	Bank accept defenda	ed nts	and by
3	Loanagreement cum hyDothecationdeed	02.12.2017	25.00	e
4	Agreement under PDR	02.12.2017	25.00	Def.no.	I &2		4
5	Letter of sole lroprietorshi	02.12.2017		Def.no.	1&2		5
	Letter ofaccess	02.12.2017	25.00	Def.no.	1&2
	Letter ofguarantee	02.12.2017	25.00	Def.no.	3
	Letter of Lien	02.12.2017	25.00	Def.no.	1&2
	Memorandumalong withphotocopyof saledeed	02.12.2017 29.01.2016 18.04.2016
10	Letter of acknowledgementof liabilit'	31.01.2019 19.01.2022		Def.no.	1&2		10
	a	13.03.2024		Bank’s	adv.
	a			Bank

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Heard arguments and perused the case record.

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Ld. Counsel of applicant bank submitted that the defendants have taken the loan and utilized the same and also executed the various loan documents to secure the loan. Further, submitted that the claim of the bank has been proved by documentary evidence. All the transactions were entered in the ledger of the loan accounts in the name of the defendant duly maintained by the applicant bank in its usual course of business. The interest /compound interest has been charged at such rates, and capitalized at such periodical rests as are permitted by and do not run counter to the directives of Reserve Bank of India.

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It is further submitted by Id. Counsel of applicant bank that there is no stay granted by any Higher Court, in respect of the proceedings of the present OA and requested to issue recovery certificate, as claimed for, in OA.

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It has been established that defendants are living and carrying on their business in the state of Bihar. Cause of action also arose in the State of Bihar. The said claim on the date of filing of application exceeded Rs.20 laos. The applicant bank is functioning within the jurisdiction of this Tribunal. Therefore,

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V$$ p„,tding OJic''

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Debts ReS:Tell Tribuna)

OA 273 of 20241JI

DRT, PATNA

this Tribunal has territorial as well as pecuniary jurisdiction to adjudicate upon the present application.

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On the issue of Limitation, to prove it, the applicant bank has submitted that the applicant bank has declared the account as NPA on 12.09.2020. The defendants have also executed acknowledgement of liability lastly on 19.01.2022, whereas the present application has been filed on 14.05.2024. Even, it is counted for the purpose of Limitation, then it is established that the applicant bank has filed the case within the limitation period. As such, it is established that the present application has been filed well within the period of limitation.

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Shri Animesh Kumar, Chief Manager of the applicant bank has filed the affidavit in support of contents of application and the documents as evidence and proved on oath the pleadings and documents of the applicant bank as stated above.

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Section 19(3) of the Recovery of Debts and Bankruptcy Act, 1993 provides that the application u/s S.19 (1) shall be accompanied with true copies of all the documents relied on in support of the claim.

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The rule 12 (10) of the Debt Recovery Tribunal (Procedure) Rules, 1993, provides that if the defendant denies his liability to pay the claim made by the applicant, the tribunal may act upon the affidavit of the applicant who is acquainted with the facts of the case or who has on verification of the record sworn the affidavit in respect of the contents of the application and the documents as evidence.

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The rule 12 (11) of the aforesaid Rules, provides that the provisions contained in section 4 of the Banker’s Books evidence that Act, 1891 (18 of 1891) shall apply to a certified copy of an entry in a Banker’s Books furnished along with application filed under sub section 1 of section 19 by the applicant.

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Section 4 of Banker’s Books evidence Act, 1891 runs as underS.4. Mode of proof of entries in bankers’ books.–Subject to the provisions of this Act, a certified copy of any entry in a banker ’s book shall in all legal proceedings be received as prima facie evidence of the existence of such entry, and shall be admitted as evidence of the matters, transactions and accounts therein recorded in every case where, and to the same extent as, the original entry itself is now by law admissible, but not further or otherwise.

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Presiding Omeet Debb Recovery TribuiW PATNA

OA 273 of 20241J I

DRT, PATNA

As such the certified true copies of the documents are admissible in evidence. The statement of account maintained in the ordinary course of business is not only admissible but shall be taken as the correct statement of account, more so since the entries in the statement of account have not been challenged.

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15 . On perusal of the application, documents, affidavit and on consideration of the arguments, it is proved that the defendants have applied for loan and the bank had sanctioned the loan and to secure the loan and for repayment of loan amount with interests etc., the defendants have executed various loan documents, as stated in the application and proved by aforesaid evidence. Defendants have neither denied the utilization of funds advanced by applicant bank nor have pointed out any specific error and discrepancy in the Statement of Account .

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The evidence discussed above goes to establish that the amount of loan as mentioned in the O.A., was availed by the borrower under the agreed terms and conditions for repayment with interest. The balance amount till 02.05.2024 has been proved to be Rs.44,28,862.84 only by way of statement of accounts. There is nothing to prove the amount more than that disclosed in the aforementioned statement. As such this amount is recoverable till full and final realization of the claim.

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In my view, facts of the case stand proved by evidence of the applicant bank. Accordingly, the applicant bank is entitled to recover from defendants jointly and severally of Rs.44,28,862.84 along with pendente-lite and future interest @ 12.20% p.a. with compounded monthly rests from 14.05.2024 (The date of filing of this OA) till realization. So the final order may be passed accordingly, to meet the ends of justice.

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ORDER

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In the result, the application of the applicant bank is allowed and debt is determined with costs against the defendants. The defendants are hereby jointly and severally, ordered to pay the applicant bank its debt amounting to Rs.44,28,862.84 along with pendente-lite and future interest @ 12.20% p.a. with compounded monthly rests from 14.05.2024 (The date of filing of this OA) till realization of the entire sum due and recoverable with costs.

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OA 273 of 2024jJI

DRT, PATNA

It is made clear that any amount deposited by the defendants, be deducted in the claim amount, if not deducted.

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Defendants are debarred from transferring, alienating encumbering or otherwise dealing with or disposing of the mortgaged or hypothecated or any other properties and assets without paying the aforesaid adjudicated dues to the applicant bank to secure the ends of justice. The mortgaged or hypothecated assets to secure the loan in question are hereby attached and shall be subject to the final order under the recovery proceedings in pursuance of the Recovery certificate issued under Section 19(22) of Recovery of Debts and Bankruptcy Act 1993 . The applicant may submit the certified copy of this Judgment and the Recovery Certificate before the Registrar/Sub- Registrar to endorse the charge over the secured assets.

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Let a certificate of recovery be drawn up forthwith and put up for signatures in terms of provisions contained in Section 19(22) of the Act to be issued, on the basis of the order of the Tribunal to the Recovery Officer. The Recovery Officer shall realize the amount as per the certificate in the manner and mode prescribed under the Act from the defendants, by sale of mortgaged/ hypothecated assets as well as other personal movable/immovable assets of the defendants. The Recovery Officer will issue demand notice to the Certificate debtors only after the proof of compliance under rule 16 of DRT (Procedure) Rules 1993, is submitted. The copy of this judgment be uploaded in the website of the Tribunal.

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Parties are directed to appear before the Recovery Officer, DRT, Patna on 20.10.2025. The order be communicated accordingly.

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Judgment signed, sealed, dated and pronounced in the open court on 08th day of September, 2025.

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Dictated &corrected by me.

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[KaushalendraYadav] Presiding Officer Debts Recovery Tribunal, Patna Presiding Omcer Debts Recovery Tribunal PATNA

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FQRRI NO. 9 [Scc Regulation 24( 1 )]

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DEBTS RECO\’ER\’ ’rRIBUN AL PATN A

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2nd Floor. ( A. B & F Wing) Kdrpuri Thakur Sddan. Kendriya Karamchari Parisar (GPC)A). Ashiana Dighn Road. Patna-800025.

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IU.COVERT CERTIFICATE UNDER SECTION 19(2) READ \'ITH SECTION 19(B) OF THE RECOVERY OF DEBTS & BANKRUPTCY ACT, 1993, AS AMENDED FROM TIN:IE TO TIME.

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RC No, 296/2025 IN Case No: OA/273/2024

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In the Matter of: (CI1- 1 ) BANK OF BARODA (VIJAYA BANK) ROSARB }'ATLll)UTR A BRANCH. I ST FLOOR, SARI'L TG CONIPL.EX.

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Applicant(s)

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I)ATN A , BIHAR -8000 13

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(CD- 1) M/S MA A ENTERPRTES through its Proprietor Mr. Nlanish LaI. office at- Yadav More. Khalafatpur, Chausa, Buxar,BIH AR -802 1 14

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(CD- 2) MR. XI ANISH [ AL Al IAS M ANISFI LAL

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SR 1 VAS'I-AV

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S o- VASI-llSTA I. AL ( PROPRIETOR ( iF VI S MA A ENTERPRISES) R/O- VILLAGE- HETHU A. TH ANA NO.32. RAJPUR. BUXAR- 80: 1 22

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Dcfcnclant(s )

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(CD- 3) MR. SURESH LAL ALIAS SURESH LAL SRI VASTAV S/O- VASHISTA LAL (PROPRIETOR OF M/S MA A ENTERPRISES) R/O- VILLAGE- HETHUA. TI JANA NO.22, RAJ P UR, BU X AR- 80,? 122

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Recovery Certificate for Rs 4+28862.84 1 Rupees Forty Four Lukhs T\vent)' Eight Thousands Eight Hundred Sixty T\yo And Paise UgUv Four Only_I

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In terms of final urder dated 08/09/2025 passed by this Tribunal in the above mentioned case, it is ordered that the Applicant Certificate Holder Bank is entitled to recover a sum of Rs. 4428862.84 along with cost, expenses and interest from the 1 4/05/2024 i.e. date of filing / with effective date of the OA/273/2024 and future interest from order date till the date of realisation in full. jointlv or sever,IIl\ l’ron1 thc Ccrti licate Debtors. hereinafter referred to as:-

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In case of failure to pay the aforementioned adjudicated amount within 30 days, same shall be recovered from the sa]c of the mortgaged/hypotllccatcd assets as well as other personal movable/ Immovable assets of the certificate debtors

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The luortgaged or hypothccatcd assets to secure the loan in question are hereby attached and shall be subject to the final order under the recovery proceeding in pursuance of the Recovery ceNincute issued under Section 19(22) of Recovery of Debts a11d Bankruptcy Act 1 993.

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Panics are dil'cctcd to appear before MANOJ KUMAR . Rcco'cry QHiccr, DEBTS RECQVERY TRIBUNAL PATNA on 20/ 10/2025.

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The Rca)very Otlicer shall realize the amount as per this Certificate in the manner and mode prescribed under Sections 25 to 28 of the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (as amended from time to tlmc) from the above named Ccltiticate Debtors

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This Certificate has been issued under my signature and seal of the Tribunal on this 11/09/2025

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(b „ DdAbB} fee{ }Pr i b u n a 1

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PRESI DING OFFICER DEBTS RECOVERY TRIBUNAL PATNA

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FORM NO. 10

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[See Regulation 24(2)]

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DEBTS RECOVERY TRIBUNAL PATNA

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2nd Floor, ( A. B & F Wing) Karpuri Thakur Sadan, Kendriya Karamchari Parisar

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(GPOA), Ashiana Digha Road, Patna-800025 .

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SCHEDULE TO RECOVERY CERTIFICATE MENIO OF COSTS

RC No. 296/2025

Case No: OA/273/2024

Applicant(s): BANK OF BARODA (VIJAYA BANK) Versus

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Defendant(s): M/S MAAENTERPRIES

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Sr.No	ItemoftM	lountinRs
	Feeontheapplication	.7000
9	r	[0
3	c	rD
	s	ro
5	c	ro
	TotalCosts:Rs	.7000

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Place: PATNA

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PRESIDrN&6FFlcER

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DEBTS RECOVERy T,RIBLINAL'pAFNA Debts Recovery Trlbue-I '. ', ,

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Date: 1 1/09/2025

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Note: Strike out whichever is not applicable

Bank of Baroda (Vijaya Bank) v. M/s Maa Enterpries

Case brief

What is this about?

What did the court decide?

Bank of Baroda (Vijaya Bank) v. M/s Maa Enterpries

Case brief

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What did the court decide?

What the court decided

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