Bank of Baroda v. Omega Roofing Industries Private Limited
Case brief
What is this about?
The Tribunal allowed the Original Application filed by Bank of Baroda for recovery of Rs. 2.64 crore from the respondents, holding them jointly liable with future interest.
What did the court decide?
The respondents were directed to pay the sum of Rs.2,64,75,612.44 with future interest; the bank was entitled to proceed against hypothecated assets and recover costs.