Hdfc Bank Ltd. v. Shilpa Electrical Infra Tech India Pvt. Ltd.
Case brief
What is this about?
The Debts Recovery Tribunal allowed the Original Application filed by HDFC Bank Ltd. against Shilpa Electrical Infra Tech India Pvt Ltd. for the recovery of a credit card debt of Rs. 57,95,046.05 with future interest and costs.
What did the court decide?
Recovery of Rs.57,95,046.05 with future interest @10.75% p.a. simple and costs; issuance of Recovery Certificate.