State Bank of India v. Mrs. Nasreen Begum
Case brief
What is this about?
In an ex-parte original application for recovery, the Debts Recovery Tribunal-II at Hyderabad held that the bank's evidence, including an evidence affidavit and adjoined documents, established the defendant's liability to pay the claimed sum with future interest and costs.
What did the court decide?
Defendant directed to pay Rs.24,62,979/- with future interest @11.80% p.a. from the date of application till realization; bank entitled to proceed against person and properties.