Union Bank of India v. M/s. Rn Traders.
Case brief
What is this about?
In Ex-Parte proceedings, the Debt Recovery Tribunal allowed the original application filed by a bank to recover a specific sum with interest and costs against a defaulting defendant who failed to appear or contest the claim despite service of summons.
What did the court decide?
Defendant liable to pay Rs.20,35,468.24 with 12% p.a. interest and costs; Recovery Certificate issued.