Union Bank of India v. M/S Sameer Motors
Case brief
What is this about?
Debt Recovery Tribunal-II at Hyderabad allowed the bank's Original Application for recovery of dues of Rs. 42,30,710.75 plus interest and costs against defendants via an ex-parte order.
What did the court decide?
Order allowed: Defendants jointly/severally liable to pay Rs. 42,30,710.75 with interest; Recovery Certificate issued to Applicant.