M/s. Icici Bank Limited. v. Mr. Ayathulla Khan
Case brief
What is this about?
The Tribunal allowed the bank's application for recovery of a loan repayment amount of Rs. 37,27,519/- along with future interest and costs against the sole defendant who remained ex-parte.
What did the court decide?
Defendant liable to pay Rs. 37,27,519/ with future interest @10.50% p.a., costs, and issue of Recovery Certificate.