Idfc First Bank Limited Now v. Mohammed Kareemuddin
Case brief
What is this about?
The Tribunal allowed the Original Application filed by IDFC First Bank for recovery of a sum of Rs. 33,78,626.55 plus interest and costs against a defendant who appeared ex parte, issuing a Recovery Certificate.
What did the court decide?
Defendant to pay Rs. 33,78,626.55 + future interest @ 15% p.a. simple + costs; Recovery Certificate issued.