Bank of Maharashtra v. Mr. Sivarama Krishna Matta
Case brief
What is this about?
The Tribunal allowed an original application by Bank of Maharashtra for recovery of a housing loan sum of Rs. 93,77,452/- with interest from the defendants, who remained ex-parte. The claim was secured by mortgaged property.
What did the court decide?
Directed defendants to pay Rs. 93,77,452/- with future interest; secured by mortgage; Recovery Certificate to be issued.