State Bank of India v. Kothapalli Dharma Teja
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Bank's Original Application for recovery of a sum of Rs. 20,65,301/- plus interest and costs from the Defendant, who remained absent.
What did the court decide?
Defendant directed to pay Rs. 20,65,301/- with future interest @11.65% p.a. simple and costs; Recovery Certificate issued.