LAWS(DLH)-2017-1-234

MALAYAN BANKING BERHAD Vs. ALLAHABAD BANK

Decided On January 20, 2017
Malayan Banking Berhad Appellant
V/S
ALLAHABAD BANK Respondents

JUDGEMENT

(1.) I.A. 22985/2015 (application on behalf of defendant under Order 37 read with Sec. 151 Civil P.C. for leave to defend)

(2.) Ms. Deepa Sharma, J. - Vide this application the defendant (hereinafter called as "AB ") has sought the leave to defend the case.

(3.) The present suit has been filed by the plaintiff under Order 37 of the Code of Civil Procedure (CPC) for the recovery of USD 1,505,267.81 equivalent to Rs. 11,00,04,972.03p. along with pendente lite and future interest at the rate of 12 % per annum from the date of institution of the present suit till its actual realization.