Bank of Baroda v. Mrs. Pidathala Maheswari
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Original Application filed by Bank of Baroda against a sole defendant who appeared ex-parte. The court held the defendant liable to pay the claimed debt, interest, and costs, and authorized recovery proceedings against the defendant and hypothecated assets.
What did the court decide?
Defendant ordered to pay Rs. 23,14,814.86 with future interest @10.80% p.a. and costs; proceedings against hypothecated assets and defendant's properties authorized; Recovery Certificate issued.