Bank of Baroda v. M/S/ Hindustan Pharmacuticals Ltd.
Case brief
What is this about?
Bank of Baroda v M/s Hindustan Pharmaceuticals Co. (Balara, Sikar) - S.B. Civil First Appeal No. 123/1996, Rajasthan HC Jaipur Bench, decided 04/04/2025 by Justice Narendra Singh Dhaddha - bill purchase credit facility, bilty dishonor, 25% margin money retention, recovery limited to 75% cash advance, decree of Rs. 82,648.80/- at 19.5% per annum interest, defendants' counter-claim decreed upto Rs. 9348.30/-, quarterly rest vs yearly interest dispute, application under Order 13 Rule 2 CPC raised in counsel's submissions - appeal dismissed, trial court decree of ADDJ Sikar (suit No. 150/90, dt. 30.09.1994) upheld.
What did the court decide?
None granted to the appellant; the appeal filed by the plaintiff stands dismissed as devoid of merit, thereby upholding the trial Court's decree (plaintiff entitled to Rs. 82,648.80/- with 19.5% per annum interest; defendants' counter-claim decreed upto Rs. 9348.30/-); pending applications, if any, stand disposed of.