State Bank of India v. Shabbaz Alam
Case brief
What is this about?
In an ex parte hearing, the Debts Recovery Tribunal allowed an Original Application filed by the State Bank of India against Shabbaz Alam for recovery of a loan default, determining the debt and ordering the issuance of a Recovery Certificate.
What did the court decide?
Recovery Certificate to be drawn up for issuance against defendant for Rs. 21,62,220 with future interest.