Union Bank of India v. M/S. Gmk Enterprises
Case brief
What is this about?
The Applicant directed for recovery of an outstanding loan sum of Rs. 20,95,486.41 plus interest. The Tribunal allowed the OA on ex-parte basis, finding the applicant bank entitled to the claim.
What did the court decide?
Jointly and severally liable to pay Rs. 20,95,486.41 with future interest and recovery certificate issued.