Icici Bank Limited v. Bandogi Santosh Kumar
Case brief
What is this about?
Debts Recovery Tribunal allowed ICICI Bank's Original Application for recovery of Rs. 50,28,770/- plus future interest and costs from a defaulting defendant who remained ex-parte, issuing a recovery certificate.
What did the court decide?
Respondent to pay Rs. 50,28,770/- with future interest @10.5% p.a. simple and costs; Recovery Certificate issued.