Idfc First Bank Ltd. v. Ms G Arun Kumar Traders
Case brief
What is this about?
DT-II Hyderabad allowed an AR under the DRT Act for recovery of a loan of Rs. 45,23,684.12 with interest against defendants who remained ex-parte.
What did the court decide?
The defendants are jointly and severally liable to pay Rs. 45,23,684.12 plus future interest at 17% p.a. and costs.