Bank of Baroda v. M/S Dhutale Transport, through Its Proprietor Shir Ravi S/O Kishan Dhutale
Case brief
What is this about?
This order allowed an application under Section 19 of the RDDBFI Act, 1993 for recovery of loan dues. The court held the defendants liable to pay the outstanding bank loans with future interest, declared a charge on their hypothecated properties, and directed the issuance of recovery certificates due to the defendants' absence.
What did the court decide?
Directing defendants to pay outstanding loan amounts of Rs. 37,40,413/- with future interest, declaring charge on hypothecated properties, and issuing recovery certificates.