Karnataka Bank Limited v. Smt. Telapolu Vydehi
Case brief
What is this about?
Debts Recovery Tribunal allowed the applicant bank's original application for recovery of dues. Holding defendants jointly and severally liable based on ex-parte evidence. Court granted decree for principal, interest, costs, and recovery certificate.
What did the court decide?
Decree for payment of Rs. 1,10,32,205.66 plus interest; property secured; recovery certificate issued.