State Bank of India v. Komaram Laxman Rao
Case brief
What is this about?
This Debt Recovery Tribunal allowed an original application filed by State Bank of India for the recovery of a principal sum with future interest and costs against a defendant who appeared ex-parte, and issued a Recovery Certificate.
What did the court decide?
Defendant directed to pay Rs. 20,40,177/- with interest; recovery certificate issued; bank directed to file cost memo.