Union Bank of India v. Mr. Faheemullah Khan
Case brief
What is this about?
The Debt Recovery Tribunal, Hyderabad, adjudicated upon Original Application No. 201/2026 filed by Union Bank of India for recovery of dues. The respondents remained ex-parte. The Tribunal held the claim established on evidence and allowed the application, recording respondents jointly and severally liable to pay along with interest and costs secured by mortgaged property.
What did the court decide?
Defendants jointly and severally liable to pay Rs. 86,98,573/- with future interest at 8.50% p.a.; OA claim secured by mortgage proceeds; entitlement for costs; issue Recovery Certificate.