M/S. Yes Bank Limited v. Mr. Kapil Kumar Baldawa
Case brief
What is this about?
The Debt Recovery Tribunal allowed the applicant bank's original application for recovery of a principal sum of Rs.27,60,795.09 with future interest and costs, noting the defendant's absence.
What did the court decide?
The defendant is liable to pay Rs.27,60,795.09 with future interest @11.49% p.a. simple plus costs; recovery certificate issued.