M/s. Idbi Bank Limited v. Mr. Doraswamy Mohan Rohit Das
Case brief
What is this about?
The Debt Recovery Tribunal allowed the original application filed by IDBI Bank Limited for recovery of loan dues of Rs. 66,86,806.20 plus future interest and costs from the defendants, who are jointly and severally liable. The bank was also directed to file a cost memorandum.
What did the court decide?
Defendants jointly and severally liable to pay Rs. 66,86,806.20 with future interest @ 6.95% p.a. simple; claim secured by mortgage; entitlement to proceed against defendants and properties; costs.