Union Bank of India v. Pusala Rajender
Case brief
What is this about?
The Debts Recovery Tribunal-II allowed the bank's original application for recovery of Rs.22,59,960.22 with future interest and costs against the defendants, who remained absent. The court held the defendants jointly and severally liable and declared the mortgage proceedable.
What did the court decide?
Defendants ordered to pay Rs.22,59,960.22 with 10% pa simple interest; OA claim secured by mortgage made proceedable; recovery certificate issued.