State Bank of India v. Mr. Chollangi Surendra Kumar
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Originating Application filed by State Bank of India against Mr. Chollangi Surendra Kumar for recovery of a personal loan amount of Rs. 22,74,785.00 along with future interest and costs.
What did the court decide?
Defendant ordered to pay total sum of Rs. 22,74,785.00 with future interest @11.55% p.a., costs, and issue Recovery Certificate.