Idbi Bank Ltd. v. Mrs Sonam Bhalotia and Ors.
Case brief
What is this about?
The Tribunal set aside the ex-parte hearing due to procedural irregularity, noting the defendants were served summons but did not appear, subsequently determined the debt claim ex-parte, and directed issuance of recovery certificate under the RDB Act 1993.
What did the court decide?
Recovery certificate to be issued for Rs. 40,31,404/- along with future interest and costs.