Hdfc Bank Ltd. v. Chiranjib Dey
Case brief
What is this about?
The Tribunal allowed an original application filed by HDFC Bank Ltd. for recovery of a loan amount of Rs. 40,89,217.15 along with interest and costs, holding the defendant liable based on documentary evidence filed on record.
What did the court decide?
The defendant is liable to pay Rs. 40,89,217.15 with future interest at simple @ 10.75 p.a; a recovery certificate is to be issued.