State Bank of India v. Uttam Das and Ors.
Case brief
What is this about?
In an ex-parte application under the RDB Act 1993, the Debt Recovery Tribunal allowed the State Bank of India's claim of Rs. 42.84 Lakhs against absentee defendants, ordering recovery with interest and a recovery certificate.
What did the court decide?
Claim of Rs. 42.84 Lakhs allowed with 8.7% interest; recovery certificate issued; repayment notice issued within 30 days.