Icici Bank Limited v. Chikram Jugadi Rao
Case brief
What is this about?
Debts Recovery Tribunal allowed the Applicant Bank's Original Application for recovery of Rs. 24,21,883/- plus interest and costs against the defendant, who remained absent.
What did the court decide?
Defendant liable to pay Rs. 24,21,883/- with future interest @10.75% p.a. simple; Recovery Certificate directed.