Bank of Baroda v. Camon Frames.
Case brief
What is this about?
DT-II at Hyderabad allowed an original application filed by Bank of Baroda seeking recovery of a defaulted overdraft amount of ₹36,90,476.40 along with future interest and costs against the defaulters jointly and severally liable.
What did the court decide?
Directing defendants to pay ₹36,90,476.40 as overdraft dues along with future interest @9.15% p.a. and costs, and issuing a Recovery Certificate.