Idbi Bank Ltd. v. Mrs. Pampari Ashwini
Case brief
What is this about?
In an ex-parte claim under Section 17 of the Recovery Tribunals Act, the Tribunal held the defendants liable to pay a debt of Rs. 37,42,139.53 with interest and costs, endorsing the secured mortgage claim.
What did the court decide?
Defendants directed to pay Rs. 37,42,139.53 with interest at 8.90% p.a.; bank entitled to mortgage proceeds and defendant properties; costs awarded.