Union Bank of India v. Sh. Balkar Singh
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's application for recovery of a defaulted agricultural loan of Rs.23,57,557/- with interest. The court upheld the sale of mortgaged property and directed issuance of a Recovery Certificate.
What did the court decide?
Application allowed with costs and recovery certificate issued to recover dues via sale of mortgaged and other properties.