Andhra Pradesh Grameena Bank v. M/s. Hanuman Food Services
Case brief
What is this about?
Tribunal allowed bank's OA for recovery. Ex-parte defendants held liable to pay principal sum with future interest and costs. Recovery certificate issued.
What did the court decide?
Defendants liable to pay Rs.21,85,630 with future interest @11.75%; bank entitled to proceed against hypothecated assets, person, and properties; cost memo filed within 2 weeks; recovery certificate i