Canara Bank v. M/S Mathan Leather Company
Case brief
What is this about?
In this final order, the Debt Recovery Tribunal allowed the original application filed by Canara Bank against a leather trading company and its proprietor for the recovery of loans and related facilities totaling over Rs. 3 crores, directing the sale of hypothecated assets and properties to recover the dues.
What did the court decide?
Recovery of Rs. 3,00,24,154/- with interest; liberty to sell schedule assets and properties; issue of Recovery Certificate.