Icici Bank Limited v. meligiri marilinga
Case brief
What is this about?
DRT-II admitted ICICI Bank's application for recovery of a loan sum of Rs. 22,92,693/-. Being 'ex-parte', the court upheld the bank's evidence and decreed joint and several liability against the defendants with future interest and costs.
What did the court decide?
Defendants ordered to pay Rs. 22,92,693/- plus future interest at 8% p.a. and costs; Recovery Certificate issued.