Bank of Baroda v. Ayyala Sudhakar
Case brief
What is this about?
The Tribunal allowed an application filed by Bank of Baroda for recovery of dues amounting to approximately Rs. 92.77 lakhs as a term loan and overdraft. The defendant was summoned via newspaper publication but remained absent. The court held the defendant liable based on documentary evidence.
What did the court decide?
Recovery of Rs. 92,77,745.75 plus future interest and costs ordered; Recovery Certificate issued.