Recovery of Rs. 37 Lakhs Allowed, Assets to be Sold if need be: DRT Decides Ex-parte

Bank of Baroda Vs R.M. Enterprises (DRT Chennai) The Original Application was filed on 03.02.2023 before the Debts Recovery Tribunal, Chennai under Section 19 of the Recovery of Debts and Bankruptcy Act, 1993 by the applicant bank against the defendants for recovery of ₹37,80,322.66 along with interest and costs. The amount relates to an overdraft facility granted to the first defendant, an MSME enterprise registered under the Udyam Scheme engaged in the business of trading oil and groceries. The enterprise was represented by its proprietor, the second defendant. The applicant bank stated th...