M/s. Yes Bank Ltd. v. Mr. Sudhakar Pittala
Case brief
What is this about?
DT-II at Hyderabad allowed an application for recovery of Rs.35.33 lakhs. The court, finding defendants ex-parte, held them jointly and severally liable for the principal, future interest, and costs, and directed issuance of a recovery certificate.
What did the court decide?
Condemned defendants to pay Rs.35.33 lakhs plus interest and costs; directed issuance of recovery certificate.