State Bank of India v. Smt. Pingula Kumari
Case brief
What is this about?
In an original application for recovery of a loan, the Debts Recovery Tribunal II, Hyderabad, allowed the bank's claim for Rs. 26,25,073/- plus interest and costs, holding the defendant liable after the latter remained in default.
What did the court decide?
Defendant liable to pay Rs. 26,25,073/- with future interest @ 11.25% p.a. simple and costs. Recovery Certificate issued.