Uco Bank v. M/s. Sri Venkateshwara Pharma.
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's original application for recovery of a cash credit dues against two defendants found to be jointly and severally liable.
What did the court decide?
Defendants ordered to pay Rs.30,93,358.79 with future interest; recovery certificate issued; bank entitled to proceed against hypothecated assets and defendants' properties.