Indian Bank v. M/s. Mahalakshmi Marketing.
Case brief
What is this about?
The Debts Recovery Tribunal allowed the bank's original application for recovery of dues totaling Rs. 27,45,442 along with future interest and costs from the defendants who were present ex-parte.
What did the court decide?
Order allowed; Defendants held jointly and severally liable to pay dues with future interest and costs; recovery certificate directed.