State Bank of India v. Chekarla Narayana Swamy
Case brief
What is this about?
The Tribunal allowed the bank's application for recovery of a debt of Rs. 21,17,409 from the defendant ex-parte admission, holding him liable for principal, interest, and costs.
What did the court decide?
Defendant ordered to pay Rs. 21,17,409 with future interest at 11.90% p.a. from the date of application; recovery proceedings directed; costs awarded.