Allowed
M/S.Kotak Mahindra Banklimited v. New Star Enterprises
Madras HCA/160/2016
Case brief
AI extract
What is this about?
An application was filed by the Official Assignee to recover a sum of Rs.74,31,306 with interest from International Sea Foods Pvt. Ltd. The court allowed the claim based on auditor statements, bank records, and accepted substituted service due to the respondent's absence.
What did the court decide?
Decree passed directing the respondent to pay Rs.74,31,306 with interest at 18% p.a. from 22.01.2014.