Canara Bank v. M/S Braj Bhoomi Timbers
Case brief
What is this about?
The Debts Recovery Tribunal allowed the applicant bank's original application for recovery of dues from the respondents. The court found the bank's evidence established the debt beyond reasonable doubt as the respondents did not contest.
What did the court decide?
Directing respondents to pay Rs. 64,50,449 along with interest at 10% p.a. from filing date within 30 days or via asset sale.