Icici Bank Limited v. Sri. Tanniru Bala Ashok
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of Rs. 30,00,970 plus interest and costs after the defendant remained absent.
What did the court decide?
Deemed liable to pay Rs. 30,00,970 with future interest at 10.35% p.a. simple; permitted to proceed against properties; costs awarded; Recovery Certificate issued.