Union Bank of India (e-Andhra Bank) v. Naresh Vallal
Case brief
What is this about?
Debts Recovery Tribunal-II at Hyderabad allowed an original application filed by Union Bank of India for recovery of dues totaling Rs.53,79,338.10 from three defendants, holding them jointly and severally liable.
What did the court decide?
Orders Defendants to pay Rs.53,79,338.10 with future interest and costs; confirms mortgage security; issues Recovery Certificate.